BNP Paribas Financial Markets Boosts Stock Holdings in B2Gold Corp $BTG

BNP Paribas Financial Markets boosted its position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 264.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,722,021 shares of the basic materials company’s stock after purchasing an additional 4,878,576 shares during the period. BNP Paribas Financial Markets owned about 0.50% of B2Gold worth $30,316,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Concurrent Investment Advisors LLC lifted 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 worth $118,000 after acquiring an additional 3,888 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in B2Gold by 17.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 28,432 shares of the basic materials company’s stock valued at $128,000 after acquiring an additional 4,236 shares during the last quarter. Centric Wealth Management boosted its position in B2Gold by 28.8% during the fourth quarter. Centric Wealth Management now owns 28,991 shares of the basic materials company’s stock valued at $142,000 after buying an additional 6,491 shares during the period. Pictet Asset Management Holding SA boosted its position 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 buying an additional 9,340 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in B2Gold during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Performance

NYSEAMERICAN BTG opened at $4.58 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of $4.73 and a two-hundred day simple moving average of $4.81. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.43 and a beta of 0.61. B2Gold Corp has a 12-month low of $3.31 and a 12-month high of $6.28.

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