B2Gold Corp $BTG Holdings Raised by TD Asset Management Inc

TD Asset Management Inc grew its stake in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,767,858 shares of the basic materials company’s stock after acquiring an additional 500,641 shares during the period. TD Asset Management Inc owned 0.36% of B2Gold worth $21,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BTG. Northwestern Mutual Wealth Management Co. purchased a new position in shares of B2Gold during the 4th quarter valued at $45,000. Jefferies Financial Group Inc. purchased a new position in shares of B2Gold during the 4th quarter valued at $55,000. Kingswood Wealth Advisors LLC purchased a new position in shares of B2Gold during the 4th quarter valued at $65,000. Leonteq Securities AG purchased a new position in shares of B2Gold during the 4th quarter valued at $68,000. Finally, Concurrent Investment Advisors LLC grew its holdings 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 valued at $118,000 after acquiring an additional 3,888 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Stock Performance

B2Gold stock opened at $4.18 on Monday. The company’s fifty day simple moving average is $4.73 and its 200-day simple moving average is $4.81. 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 12 month low of $3.31 and a 12 month high of $6.28. The stock has a market cap of $5.57 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.40 and a beta of 0.61.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results 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. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $893.41 million. During the same period in the previous year, the company posted $0.09 EPS. B2Gold’s revenue was up 117.7% on a year-over-year basis. As a group, sell-side analysts forecast that B2Gold Corp will post 0.65 EPS for the current fiscal year.

B2Gold 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.