Intact Investment Management Inc. Purchases 1,611,000 Shares of B2Gold Corp $BTG

Key Points

• Intact Investment Management boosted its B2Gold stake by 5,130.6% in Q4, buying 1,611,000 shares to own 1,642,400 shares worth about $7.395 million.
• B2Gold missed the quarter's expectations with EPS of $0.11 versus $0.22 expected and revenue of $1.05B versus $1.15B expected, though revenue was up 110.9% year-over-year and analysts' consensus remains Hold.
• Institutional ownership stands at about 61.4%, and multiple funds (e.g., PKO, Pictet, Concurrent, Wealthfront) increased or initiated positions during the quarter.

Intact Investment Management Inc. increased its position in shares of B2Gold Corp (NYSEAMERICAN:BTG - Free Report) TSE: BTO by 5,130.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,642,400 shares of the basic materials company's stock after purchasing an additional 1,611,000 shares during the period. Intact Investment Management Inc. owned 0.12% of B2Gold worth $7,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BTG. Concurrent Investment Advisors LLC grew its stake in 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 acquiring an additional 3,888 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in B2Gold by 3.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 251,813 shares of the basic materials company's stock valued at $1,135,000 after acquiring an additional 9,340 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in B2Gold during the fourth quarter valued at $65,000. PKO Investment Management Joint Stock Co grew its stake in B2Gold by 8.2% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 460,000 shares of the basic materials company's stock valued at $2,075,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in B2Gold during the fourth quarter valued at $165,000. 61.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BTG shares. Scotiabank reaffirmed a "sector perform" rating on shares of B2Gold in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of B2Gold in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, B2Gold currently has an average rating of "Hold".

B2Gold Stock Performance

Shares of NYSEAMERICAN:BTG opened at $4.36 on Monday. B2Gold Corp has a 52 week low of $2.86 and a 52 week high of $6.28. The stock has a market capitalization of $5.82 billion, a P/E ratio of 16.77, a PEG ratio of 0.42 and a beta of 0.60. The firm has a fifty day simple moving average of $4.92 and a two-hundred day simple moving average of $4.80. The company has a quick ratio of 0.47, a current ratio of 1.06 and a debt-to-equity ratio of 0.16.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). B2Gold had a return on equity of 18.12% and a net margin of 13.13%.The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the business earned $0.01 earnings per share. The business's quarterly revenue was up 110.9% on a year-over-year basis. On average, analysts expect that B2Gold Corp will post 0.64 earnings per share 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.

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