Legal & General Group Plc Grows Stock Holdings in B2Gold Corp $BTG

Legal & General Group Plc boosted its holdings in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,206,782 shares of the basic materials company’s stock after purchasing an additional 849,193 shares during the quarter. Legal & General Group Plc’s holdings in B2Gold were worth $32,492,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BTG. UBS Group AG raised its stake in B2Gold by 300.3% during the fourth quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock valued at $16,139,000 after purchasing an additional 2,684,504 shares in the last quarter. Intact Investment Management Inc. increased its position in B2Gold by 5,130.6% during the fourth 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 last quarter. Vanguard Group Inc. increased its position in B2Gold by 1.9% during the fourth 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 last quarter. Ruffer LLP bought a new position in B2Gold during the fourth quarter valued at $2,054,000. Finally, Harvest Portfolios Group Inc. increased its position in B2Gold by 42.6% during the fourth quarter. Harvest Portfolios Group Inc. now owns 420,586 shares of the basic materials company’s stock valued at $1,894,000 after acquiring an additional 125,721 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Trading Up 3.5%

BTG stock opened at $4.76 on Friday. 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 twelve month low of $3.31 and a twelve month high of $6.28. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.45 and a beta of 0.60. The firm’s fifty day simple moving average is $4.69 and its two-hundred day simple moving average is $4.79.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data 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 business 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 business posted $0.09 earnings per share. The business’s revenue was up 117.7% compared to the same quarter last year. As a group, analysts anticipate that B2Gold Corp will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, B2Gold presently has an average rating of “Hold”.

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.