Two Sigma Securities LLC grew its holdings in shares of B2Gold Corp (NYSEAMERICAN:BTG - Free Report) TSE: BTO by 341.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 236,275 shares of the basic materials company's stock after buying an additional 182,811 shares during the period. Two Sigma Securities LLC's holdings in B2Gold were worth $884,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in B2Gold during the 2nd quarter valued at about $37,000. Sanctuary Advisors LLC bought a new position in shares of B2Gold during the second quarter valued at approximately $41,000. GSA Capital Partners LLP purchased a new position in shares of B2Gold during the second quarter valued at approximately $43,000. DGS Capital Management LLC bought a new stake in shares of B2Gold in the 1st quarter worth approximately $50,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of B2Gold in the 1st quarter worth approximately $50,000. 61.40% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Jefferies Financial Group reduced their price objective on B2Gold from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Monday, July 6th. Scotiabank raised B2Gold from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, August 10th. Royal Bank Of Canada reduced their price target on B2Gold from $5.75 to $5.00 and set a "sector perform" rating for the company in a report on Thursday, July 9th. 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. 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 equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, B2Gold has a consensus rating of "Buy" and a consensus target price of $6.17.
Read Our Latest Analysis on BTG
B2Gold Stock Performance
Shares of BTG stock opened at $5.48 on Tuesday. The company has a 50 day moving average price of $4.38 and a 200-day moving average price of $4.67. B2Gold Corp has a 52 week low of $3.57 and a 52 week high of $6.28. The firm has a market capitalization of $7.24 billion, a PE ratio of 9.96, a P/E/G ratio of 0.39 and a beta of 0.66. The company has a quick ratio of 0.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.
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). B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The firm had revenue of $789.35 million for the quarter, compared to analysts' expectations of $836.33 million. During the same quarter last year, the company posted $0.12 EPS. The firm's revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts expect that B2Gold Corp will post 0.49 earnings per share for the current year.
About B2Gold
(
Free Report)
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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