Erste Asset Management GmbH Acquires New Holdings in B2Gold Corp $BTG

Erste Asset Management GmbH acquired a new stake in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 175,000 shares of the basic materials company’s stock, valued at approximately $792,000.

Several other institutional investors also recently bought and sold shares of BTG. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in B2Gold by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock valued at $1,749,000 after acquiring an additional 38,598 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of B2Gold by 22.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock worth $1,900,000 after buying an additional 76,384 shares during the period. Ruffer LLP acquired a new stake in shares of B2Gold during the fourth quarter worth $2,054,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of B2Gold during the fourth quarter worth $65,000. Finally, Concurrent Investment Advisors LLC lifted its stake 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 buying an additional 3,888 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Trading Down 3.5%

NYSEAMERICAN BTG opened at $3.88 on Thursday. The company has a market capitalization of $5.15 billion, a PE ratio of 10.78, a P/E/G ratio of 0.38 and a beta of 0.61. The company has a fifty day moving average of $4.72 and a 200 day moving average of $4.82. B2Gold Corp has a 1 year low of $3.31 and a 1 year high of $6.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its 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 during 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%. The firm’s quarterly revenue was up 117.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. Research 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.