Bank of Nova Scotia raised its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 37.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 881,477 shares of the company's stock after buying an additional 240,646 shares during the quarter. Bank of Nova Scotia owned about 0.07% of B2Gold worth $2,506,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in BTG. Renaissance Technologies LLC grew its holdings in shares of B2Gold by 1.0% in the fourth quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock valued at $66,335,000 after purchasing an additional 272,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in B2Gold by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock valued at $59,510,000 after purchasing an additional 130,638 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of B2Gold by 15.7% in the 4th quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company's stock worth $50,448,000 after buying an additional 2,799,520 shares in the last quarter. Invesco Ltd. increased its holdings in shares of B2Gold by 32.7% in the 4th quarter. Invesco Ltd. now owns 15,987,385 shares of the company's stock worth $39,009,000 after buying an additional 3,939,040 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of B2Gold by 5.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 8,800,628 shares of the company's stock worth $21,490,000 after buying an additional 446,601 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company's stock.
B2Gold Trading Down 6.5%
NYSE:BTG traded down $0.25 during midday trading on Friday, hitting $3.58. The stock had a trading volume of 44,033,072 shares, compared to its average volume of 42,573,941. The stock has a 50-day moving average of $3.58 and a 200 day moving average of $3.14. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of -7.46, a PEG ratio of 0.33 and a beta of 0.39. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.84. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.
B2Gold (NYSE:BTG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. The business's quarterly revenue was up 40.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. As a group, sell-side analysts forecast that B2Gold Corp. will post 0.4 EPS for the current year.
Analyst Upgrades and Downgrades
BTG has been the subject of several recent research reports. Wall Street Zen upgraded B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. CIBC reiterated a "neutral" rating and issued a $4.00 target price (up previously from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Raymond James Financial upgraded B2Gold to a "moderate buy" rating and set a $4.50 price target for the company in a research report on Monday, June 30th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $4.31.
Read Our Latest Analysis on BTG
About B2Gold
(
Free Report)
B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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