BNP Paribas Financial Markets Grows Stock Holdings in B2Gold Corp $BTG

BNP Paribas Financial Markets grew its holdings in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 264.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,722,021 shares of the basic materials company’s stock after acquiring an additional 4,878,576 shares during the period. BNP Paribas Financial Markets’ holdings in B2Gold were worth $30,316,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BTG. Norges Bank bought a new stake in shares of B2Gold during the fourth quarter valued at approximately $75,333,000. UBS Group AG grew its position in B2Gold by 300.3% in the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock worth $16,139,000 after purchasing an additional 2,684,504 shares during the period. Intact Investment Management Inc. grew its position in shares of B2Gold by 5,130.6% during the 4th quarter. Intact Investment Management Inc. now owns 1,642,400 shares of the basic materials company’s stock valued at $7,395,000 after acquiring an additional 1,611,000 shares during the period. Zweig DiMenna Associates LLC bought a new stake in shares of B2Gold during the 4th quarter valued at $6,243,000. Finally, Vanguard Group Inc. grew its position in shares of B2Gold by 1.9% during the 4th 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 during the period. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Stock Up 0.7%

BTG opened at $4.58 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.19. B2Gold Corp has a fifty-two week low of $3.31 and a fifty-two week high of $6.28. The firm’s fifty day moving average is $4.73 and its 200 day moving average is $4.81. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.61.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share 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 for the quarter, compared to analysts’ expectations of $893.41 million. During the same quarter in the previous year, the company earned $0.09 EPS. B2Gold’s revenue for the quarter was up 117.7% on a year-over-year basis. On average, sell-side analysts forecast that B2Gold Corp will post 0.65 earnings per share for the current fiscal year.

About B2Gold

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.