De Lisle Partners LLP Invests $1.12 Million in B2Gold Corp $BTG

Key Points

• De Lisle Partners LLP acquired 300,600 B2Gold shares in the second quarter, valued at approximately $1.12 million. Institutional investors collectively own 61.4% of the company.
• Analyst sentiment improved, with several firms upgrading B2Gold to buy-equivalent ratings. The stock has a consensus “Buy” rating and an average price target of $6.17.
• B2Gold reported quarterly revenue of $789.35 million, up 14% year over year, but earnings of $0.03 per share fell short of the $0.07 analyst consensus.

De Lisle Partners LLP acquired a new stake in B2Gold Corp (NYSEAMERICAN:BTG - Free Report) TSE: BTO in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 300,600 shares of the basic materials company's stock, valued at approximately $1,124,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BTG. Zurcher Kantonalbank Zurich Cantonalbank raised its position in B2Gold by 11.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company's stock worth $1,749,000 after purchasing an additional 38,598 shares during the period. Kingswood Wealth Advisors LLC bought a new position in shares of B2Gold during the fourth quarter valued at about $65,000. Concurrent Investment Advisors LLC grew its stake in shares of B2Gold by 17.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company's stock valued at $118,000 after buying an additional 3,888 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 1,018,157 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of B2Gold by 300.3% in the fourth quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company's stock worth $16,139,000 after buying an additional 2,684,504 shares during the period. Institutional investors own 61.40% of the company's stock.

Analysts Set New Price Targets

BTG has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce raised B2Gold from a "hold" rating to an "outperform" rating and set a $7.50 target price for the company in a research note on Monday, August 10th. Scotiabank upgraded B2Gold from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, August 10th. Jefferies Financial Group decreased their price target on B2Gold from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. TD Securities raised B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, ATB Cormark Capital Markets upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $6.17.

B2Gold Stock Performance

Shares of NYSEAMERICAN:BTG opened at $5.52 on Monday. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.38 and a beta of 0.66. The company has a 50-day moving average price of $4.22 and a 200-day moving average price of $4.65. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. B2Gold Corp has a 12 month low of $3.57 and a 12 month high of $6.28.

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

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