Winmill & CO. Inc. Makes New Investment in B2Gold Corp $BTG

Key Points

• Winmill & Co. acquired 475,000 B2Gold shares during the second quarter, valued at approximately $1.78 million. Institutional investors and hedge funds collectively own 61.4% of the company.
• B2Gold’s latest quarterly results fell short of expectations, with EPS of $0.03 versus the $0.07 consensus estimate and revenue of $789.35 million versus forecasts of $836.33 million, although revenue increased 14% year over year.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $6.17, compared with the stock’s reported opening price of $5.52.

Winmill & CO. Inc. acquired a new stake in B2Gold Corp (NYSEAMERICAN:BTG - Free Report) TSE: BTO during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 475,000 shares of the basic materials company's stock, valued at approximately $1,776,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BTG. Northwestern Mutual Wealth Management Co. acquired a new position in shares of B2Gold during the second quarter worth $37,000. Sanctuary Advisors LLC purchased a new position in B2Gold in the second quarter valued at $41,000. GSA Capital Partners LLP acquired a new stake in B2Gold in the second quarter valued at $43,000. DGS Capital Management LLC acquired a new stake in B2Gold in the first quarter valued at $50,000. Finally, Ascentis Independent Advisors purchased a new stake in B2Gold during the 1st quarter worth about $50,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Price Performance

Shares of BTG opened at $5.52 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.58. B2Gold Corp has a 1-year low of $3.57 and a 1-year high of $6.28. The stock has a market cap of $7.29 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.38 and a beta of 0.66. The firm has a fifty day moving average price of $4.22 and a 200 day moving average price of $4.65.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BTG shares. Scotiabank raised B2Gold from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, August 10th. Jefferies Financial Group cut their target price on B2Gold from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Canadian Imperial Bank of Commerce upgraded 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. Royal Bank Of Canada lowered 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. Finally, ATB Cormark Capital Markets upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $6.17.

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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