Euro Pacific Asset Management LLC Raises Stock Position in B2Gold Corp $BTG

Euro Pacific Asset Management LLC grew its stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 7.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,141,222 shares of the basic materials company’s stock after purchasing an additional 556,972 shares during the period. B2Gold accounts for 3.5% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 11th biggest position. Euro Pacific Asset Management LLC’s holdings in B2Gold were worth $36,773,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BTG. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in B2Gold by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock valued at $1,749,000 after acquiring an additional 38,598 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in B2Gold by 22.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock valued at $1,900,000 after acquiring an additional 76,384 shares in the last quarter. Ruffer LLP purchased a new position in shares of B2Gold during the fourth quarter worth about $2,054,000. Kingswood Wealth Advisors LLC purchased a new position in shares of B2Gold during the fourth quarter worth about $65,000. Finally, Concurrent Investment Advisors LLC increased its position in shares of B2Gold by 17.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 3,888 shares in the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BTG shares. Royal Bank Of Canada reduced their target price on B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group dropped their price target on B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.50.

B2Gold Stock Performance

Shares of B2Gold stock opened at $3.67 on Friday. The firm’s fifty day simple moving average is $4.31 and its 200-day simple moving average is $4.71. B2Gold Corp has a 12 month low of $3.31 and a 12 month high of $6.28. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.29 and a beta of 0.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share for the quarter, topping 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 firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $893.41 million. During the same quarter in the prior year, the business earned $0.09 EPS. B2Gold’s quarterly revenue was up 117.7% compared to the same quarter last year. As a group, equities analysts forecast that B2Gold Corp will post 0.62 earnings per share for the current 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.