Easterly Investment Partners LLC Increases Stock Holdings in B2Gold Corp $BTG

Easterly Investment Partners LLC raised its stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,934,687 shares of the basic materials company’s stock after purchasing an additional 109,076 shares during the period. Easterly Investment Partners LLC owned 0.22% of B2Gold worth $13,235,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new position in B2Gold in the fourth quarter valued at approximately $45,000. Jefferies Financial Group Inc. purchased a new position in B2Gold in the fourth quarter valued at approximately $55,000. Kingswood Wealth Advisors LLC purchased a new position in B2Gold in the fourth quarter valued at approximately $65,000. Leonteq Securities AG purchased a new position in B2Gold in the fourth quarter valued at approximately $68,000. Finally, Concurrent Investment Advisors LLC increased its stake in B2Gold by 17.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 3,888 shares during the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Stock Performance

Shares of BTG opened at $4.76 on Monday. The company’s 50 day simple moving average is $4.69 and its 200-day simple moving average is $4.80. B2Gold Corp has a 12-month low of $3.31 and a 12-month high of $6.28. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. The firm has a market cap of $6.34 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.45 and a beta of 0.61.

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

Analyst Upgrades and Downgrades

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

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.