Assenagon Asset Management S.A. Makes New $2.67 Million Investment in B2Gold Corp $BTG

Assenagon Asset Management S.A. purchased a new stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 588,567 shares of the basic materials company’s stock, valued at approximately $2,665,000.

A number of other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of B2Gold by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock worth $1,749,000 after purchasing an additional 38,598 shares during the period. TD Waterhouse Canada Inc. boosted its stake in B2Gold by 22.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock valued at $1,900,000 after buying an additional 76,384 shares during the period. Ruffer LLP purchased a new position in B2Gold during the fourth quarter worth about $2,054,000. Kingswood Wealth Advisors LLC purchased a new position in B2Gold during the fourth quarter worth about $65,000. Finally, Concurrent Investment Advisors LLC grew its position in 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 in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Price Performance

Shares of NYSEAMERICAN BTG opened at $3.74 on Wednesday. The stock’s 50-day simple moving average is $4.53 and its two-hundred day simple moving average is $4.79. B2Gold Corp has a twelve month low of $3.31 and a twelve month high of $6.28. The firm has a market capitalization of $4.96 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.36 and a beta of 0.61. 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 (NYSEAMERICAN:BTG) (TSE:BTO) last issued 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. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $893.41 million. During the same quarter last year, the company posted $0.09 EPS. The company’s revenue for the quarter was up 117.7% on a year-over-year basis. As a group, equities analysts anticipate that B2Gold Corp will post 0.65 EPS for the current fiscal 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.