B2Gold Corp $BTG Shares Acquired by Regal Partners Ltd

Regal Partners Ltd lifted its stake in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 135.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,227,648 shares of the basic materials company’s stock after purchasing an additional 1,857,184 shares during the period. B2Gold comprises 0.8% of Regal Partners Ltd’s investment portfolio, making the stock its 27th biggest position. Regal Partners Ltd’s holdings in B2Gold were worth $14,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Intact Investment Management Inc. lifted its position in shares of B2Gold by 5,130.6% in 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 in the last quarter. Ruffer LLP acquired a new stake in shares of B2Gold in the fourth quarter worth approximately $2,054,000. Easterly Investment Partners LLC increased its position in shares of B2Gold by 3.9% during 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 in the last quarter. Euro Pacific Asset Management LLC raised its stake in B2Gold by 7.3% in the 1st quarter. Euro Pacific Asset Management LLC now owns 8,141,222 shares of the basic materials company’s stock valued at $36,773,000 after purchasing an additional 556,972 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in B2Gold by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company’s stock valued at $151,630,000 after purchasing an additional 1,315,923 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BTG shares. Royal Bank Of Canada decreased their price objective on B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. Jefferies Financial Group dropped their target price on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.50.

B2Gold Trading Down 0.8%

BTG opened at $3.84 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59. The company’s 50 day simple moving average is $4.13 and its two-hundred day simple moving average is $4.68. B2Gold Corp has a 1-year low of $3.31 and a 1-year high of $6.28. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 0.31 and a beta of 0.66.

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