Capstone Investment Advisors LLC Invests $731,000 in B2Gold Corp $BTG

Key Points

• Capstone Investment Advisors initiated a B2Gold position by purchasing 195,469 shares worth approximately $731,000. Institutional investors collectively own 61.4% of the company.
• B2Gold shares opened at $5.66 after declining 2.9%; the stock has traded between $3.57 and $6.28 over the past year. The company’s latest quarterly results missed analyst expectations, though revenue increased 14% year over year.
• Analyst sentiment remains generally positive, with an average “Buy” rating and a consensus price target of $6.17. Several firms recently upgraded the stock, including TD Securities, CIBC and Scotiabank.

Capstone Investment Advisors LLC bought a new position in shares of B2Gold Corp (NYSEAMERICAN:BTG - Free Report) TSE: BTO during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 195,469 shares of the basic materials company's stock, valued at approximately $731,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of B2Gold during the second quarter worth approximately $37,000. Parkway Wealth Management Group LLC bought a new position in shares of B2Gold during the first quarter worth approximately $51,000. Sanctuary Advisors LLC acquired a new stake in B2Gold during the 2nd quarter worth approximately $41,000. DGS Capital Management LLC acquired a new stake in B2Gold during the 1st quarter worth approximately $50,000. Finally, Ascentis Independent Advisors bought a new stake in B2Gold in the 1st quarter valued at $50,000. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Trading Down 2.9%

Shares of BTG stock opened at $5.66 on Friday. The stock has a market cap of $7.48 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.40 and a beta of 0.66. B2Gold Corp has a 1 year low of $3.57 and a 1 year high of $6.28. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $4.35 and a 200 day simple moving average of $4.68.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.04). The company had revenue of $789.35 million for the quarter, compared to the consensus estimate of $836.33 million. B2Gold had a return on equity of 17.05% and a net margin of 21.47%.B2Gold's revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. On average, research analysts predict that B2Gold Corp will post 0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Scotiabank raised B2Gold from a "sector perform" rating to a "sector outperform" rating in a report on Monday, August 10th. Jefferies Financial Group dropped their target price on B2Gold from $7.00 to $6.00 and set a "buy" rating for the company in a report on Monday, July 6th. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a "hold" rating to an "outperform" rating and set a $7.50 price target on the stock in a research note on Monday, August 10th. Royal Bank Of Canada lowered their price target on shares of B2Gold from $5.75 to $5.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 9th. Finally, TD Securities upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $6.17.

B2Gold 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.

Want to see what other hedge funds are holding BTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for B2Gold Corp (NYSEAMERICAN:BTG - Free Report) TSE: BTO.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source