Cibc World Market Inc. Has $13 Million Holdings in B2Gold Corp $BTG

Cibc World Market Inc. raised its stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 132.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,888,281 shares of the basic materials company’s stock after acquiring an additional 1,647,031 shares during the quarter. Cibc World Market Inc. owned about 0.22% of B2Gold worth $12,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of B2Gold during the 4th quarter worth approximately $75,333,000. BNP Paribas Financial Markets grew its position in shares of B2Gold by 264.6% during the 4th quarter. BNP Paribas Financial Markets now owns 6,722,021 shares of the basic materials company’s stock worth $30,316,000 after buying an additional 4,878,576 shares during the period. UBS Group AG grew its position in shares of B2Gold by 300.3% during the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock worth $16,139,000 after buying an additional 2,684,504 shares during the period. Goldman Sachs Group Inc. grew its position in shares of B2Gold by 32.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,569,165 shares of the basic materials company’s stock worth $43,157,000 after buying an additional 2,319,482 shares during the period. Finally, Intact Investment Management Inc. grew its position in shares of B2Gold by 5,130.6% during the 4th quarter. Intact Investment Management Inc. now owns 1,642,400 shares of the basic materials company’s stock worth $7,395,000 after buying an additional 1,611,000 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Stock Down 8.7%

Shares of NYSEAMERICAN:BTG opened at $4.18 on Friday. B2Gold Corp has a one year low of $3.31 and a one year high of $6.28. The company has a 50 day moving average of $4.73 and a 200-day moving average of $4.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 0.44 and a beta of 0.61.

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

B2Gold Profile

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.