Zweig DiMenna Associates LLC Takes $6.24 Million Position in B2Gold Corp $BTG

Zweig DiMenna Associates LLC bought a new stake in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,384,300 shares of the basic materials company’s stock, valued at approximately $6,243,000.

Several other large investors have also recently modified their holdings of BTG. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of B2Gold by 11.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock valued at $1,749,000 after purchasing an additional 38,598 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of B2Gold by 22.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock worth $1,900,000 after buying an additional 76,384 shares during the period. Ruffer LLP bought a new stake in shares of B2Gold during the 4th quarter worth approximately $2,054,000. Kingswood Wealth Advisors LLC bought a new stake in shares of B2Gold during the 4th quarter worth approximately $65,000. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of B2Gold by 17.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 3,888 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

B2Gold Stock Performance

Shares of B2Gold stock opened at $4.76 on Friday. The stock’s fifty day moving average is $4.69 and its two-hundred day moving average is $4.79. The company has a market capitalization of $6.34 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.44 and a beta of 0.60. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. B2Gold Corp has a 52 week low of $3.31 and a 52 week high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $893.41 million. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.B2Gold’s quarterly revenue was up 117.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. As a group, analysts expect that B2Gold Corp will post 0.65 earnings per share for the current year.

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.