Groupe la Francaise Increases Stock Holdings in B2Gold Corp $BTG

Groupe la Francaise increased its position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 56.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,800,000 shares of the basic materials company’s stock after acquiring an additional 650,000 shares during the quarter. Groupe la Francaise’s holdings in B2Gold were worth $8,151,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Intact Investment Management Inc. boosted its holdings in B2Gold by 5,130.6% in 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 purchasing an additional 1,611,000 shares during the period. Ruffer LLP purchased a new position in shares of B2Gold during the 4th quarter valued at $2,054,000. Easterly Investment Partners LLC increased its holdings in shares of B2Gold by 3.9% in the fourth quarter. Easterly Investment Partners LLC now owns 2,934,687 shares of the basic materials company’s stock worth $13,235,000 after purchasing an additional 109,076 shares during the period. Euro Pacific Asset Management LLC raised its position in shares of B2Gold by 7.3% in the first quarter. Euro Pacific Asset Management LLC now owns 8,141,222 shares of the basic materials company’s stock worth $36,773,000 after buying an additional 556,972 shares in the last quarter. Finally, Bank of Nova Scotia raised its position in shares of B2Gold by 56.6% in the first quarter. Bank of Nova Scotia now owns 1,507,589 shares of the basic materials company’s stock worth $6,848,000 after buying an additional 544,934 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BTG. Royal Bank Of Canada dropped their price objective on B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group decreased their target price 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 investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.50.

B2Gold Price Performance

Shares of B2Gold stock opened at $3.75 on Friday. The firm has a market capitalization of $4.95 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.31 and a beta of 0.66. 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 $3.35 and a 12 month high of $6.28. The business’s 50-day moving average price is $4.08 and its 200-day moving average price is $4.66.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $893.41 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. B2Gold’s revenue for the quarter was up 117.7% on a year-over-year basis. Sell-side analysts forecast that B2Gold Corp will post 0.58 EPS 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.