McAlvany Wealth Management LLC Takes $4.24 Million Position in B2Gold Corp $BTG

McAlvany Wealth Management LLC bought a new position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 940,831 shares of the basic materials company’s stock, valued at approximately $4,243,000. B2Gold comprises about 3.3% of McAlvany Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in B2Gold by 11.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock worth $1,749,000 after buying an additional 38,598 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of 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 during the last quarter. Ruffer LLP acquired a new position in shares of B2Gold in the 4th quarter worth approximately $2,054,000. Kingswood Wealth Advisors LLC acquired a new position in shares of B2Gold in the 4th quarter worth approximately $65,000. Finally, Concurrent Investment Advisors LLC grew its position in B2Gold by 17.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 3,888 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Stock Performance

BTG stock opened at $4.30 on Friday. The business has a fifty day moving average price of $4.67 and a 200 day moving average price of $4.81. B2Gold Corp has a fifty-two week low of $3.31 and a fifty-two week high of $6.28. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 0.41 and a beta of 0.61. 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 posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $893.41 million. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The business’s revenue was up 117.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Analysts expect that B2Gold Corp will post 0.65 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.