Harvest Portfolios Group Inc. Acquires 125,721 Shares of B2Gold Corp $BTG

Harvest Portfolios Group Inc. grew its holdings in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 42.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 420,586 shares of the basic materials company’s stock after buying an additional 125,721 shares during the period. Harvest Portfolios Group Inc.’s holdings in B2Gold were worth $1,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Helikon Investments Ltd bought a new position in B2Gold during the fourth quarter worth about $256,000. E Fund Management Hong Kong Co. Ltd. bought a new position in B2Gold during the fourth quarter worth about $346,000. Centric Wealth Management boosted its position in B2Gold by 28.8% during the fourth quarter. Centric Wealth Management now owns 28,991 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 6,491 shares during the period. Swiss Life Asset Management Ltd boosted its position in B2Gold by 85.8% during the fourth quarter. Swiss Life Asset Management Ltd now owns 107,289 shares of the basic materials company’s stock worth $483,000 after purchasing an additional 49,543 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in B2Gold by 17.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 28,432 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 4,236 shares during the period. Institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

BTG stock opened at $4.67 on Thursday. The firm has a 50 day moving average of $4.74 and a 200-day moving average of $4.77. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. B2Gold Corp has a 12 month low of $3.18 and a 12 month high of $6.28. The firm has a market capitalization of $6.23 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.44 and a beta of 0.60.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $893.41 million. During the same period last year, the business earned $0.09 earnings per share. B2Gold’s revenue was up 117.7% compared to the same quarter last year. As a group, sell-side analysts predict that B2Gold Corp will post 0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BTG has been the subject of a number of research reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a research report on Monday, January 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.