Assenagon Asset Management S.A. Invests $2.67 Million in B2Gold Corp $BTG

Assenagon Asset Management S.A. bought a new position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the 1st quarter, Holdings Channel.com reports. The firm bought 588,567 shares of the basic materials company’s stock, valued at approximately $2,665,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in B2Gold during the fourth quarter valued at about $45,000. Jefferies Financial Group Inc. bought a new stake in B2Gold during the fourth quarter worth about $55,000. Cerity Partners LLC purchased a new position in shares of B2Gold in the 4th quarter worth about $55,000. Inspire Advisors LLC purchased a new position in shares of B2Gold in the 4th quarter worth about $59,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of B2Gold in the 4th quarter worth about $65,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Price Performance

Shares of B2Gold stock opened at $3.74 on Wednesday. The firm has a market capitalization of $4.96 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.36 and a beta of 0.61. The company has a current ratio of 1.19, a quick ratio of 0.59 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 business’s 50-day moving average price is $4.53 and its 200-day moving average price is $4.79.

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, topping analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.16 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. 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.