Persistent Asset Partners Ltd Invests $781,000 in B2Gold Corp $BTG

Persistent Asset Partners Ltd bought a new stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 208,812 shares of the basic materials company’s stock, valued at approximately $781,000.

A number of other large investors have also added to or reduced their stakes in BTG. Pale Fire Capital SE increased its stake in B2Gold by 77.4% during the 1st quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock worth $315,923,000 after buying an additional 30,428,530 shares during the period. Vanguard Group Inc. grew its stake in shares of B2Gold by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock valued at $252,273,000 after acquiring an additional 1,018,157 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of B2Gold by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company’s stock valued at $151,630,000 after acquiring an additional 1,315,923 shares in the last quarter. Millennium Management LLC grew its stake in shares of B2Gold by 248.2% during the fourth quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock valued at $105,264,000 after acquiring an additional 16,639,601 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of B2Gold during the fourth quarter worth about $75,333,000. 61.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on BTG. Royal Bank Of Canada cut their price target on B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 9th. Scotiabank raised B2Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, August 10th. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 10th. Finally, Jefferies Financial Group decreased their price target on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, B2Gold presently has a consensus rating of “Buy” and an average price target of $6.17.

B2Gold Stock Performance

Shares of NYSEAMERICAN BTG opened at $5.14 on Monday. The stock’s 50 day moving average price is $4.10 and its two-hundred day moving average price is $4.65. B2Gold Corp has a 52-week low of $3.57 and a 52-week high of $6.28. The stock has a market capitalization of $6.79 billion, a P/E ratio of 9.35, a PEG ratio of 0.34 and a beta of 0.66. The company has a quick ratio of 0.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its earnings results on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). B2Gold had a return on equity of 17.05% and a net margin of 21.47%.The firm had revenue of $789.35 million during the quarter, compared to analyst estimates of $836.33 million. During the same quarter in the previous year, the business posted $0.12 EPS. B2Gold’s revenue was up 14.0% compared to the same quarter last year. On average, analysts anticipate that B2Gold Corp will post 0.51 earnings per share for the current fiscal 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.