Legal & General Group Plc Buys 849,193 Shares of B2Gold Corp $BTG

Legal & General Group Plc grew its stake in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,206,782 shares of the basic materials company’s stock after buying an additional 849,193 shares during the period. Legal & General Group Plc owned 0.54% of B2Gold worth $32,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of BTG. Jefferies Financial Group Inc. bought a new stake in shares of B2Gold during the fourth quarter valued at approximately $55,000. Kingswood Wealth Advisors LLC bought a new stake in shares of B2Gold during the fourth quarter valued at approximately $65,000. Leonteq Securities AG bought a new stake in shares of B2Gold during the fourth quarter valued at approximately $68,000. Concurrent Investment Advisors LLC raised its position 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. Finally, SBI Securities Co. Ltd. raised its position in shares of B2Gold by 17.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 28,432 shares of the basic materials company’s stock valued at $128,000 after buying an additional 4,236 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, B2Gold has an average rating of “Hold”.

B2Gold Price Performance

B2Gold stock opened at $4.76 on Friday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.45 and a beta of 0.60. The firm’s fifty day moving average is $4.69 and its 200 day moving average is $4.79. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. B2Gold Corp has a 52-week low of $3.31 and a 52-week high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $893.41 million. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. B2Gold’s revenue was up 117.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Sell-side analysts forecast that B2Gold Corp will post 0.65 EPS 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.