SG Americas Securities LLC Increases Position in B2Gold Corp $BTG

SG Americas Securities LLC lifted its holdings in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 108.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 384,901 shares of the basic materials company’s stock after buying an additional 200,421 shares during the quarter. SG Americas Securities LLC’s holdings in B2Gold were worth $1,744,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. McAlvany Wealth Management LLC bought a new stake in shares of B2Gold during the 4th quarter worth approximately $4,243,000. Corient Private Wealth LLC grew its position in B2Gold by 30.8% in the 4th quarter. Corient Private Wealth LLC now owns 33,478 shares of the basic materials company’s stock valued at $151,000 after acquiring an additional 7,884 shares during the last quarter. Mackenzie Financial Corp increased its stake in B2Gold by 472.1% in the fourth quarter. Mackenzie Financial Corp now owns 8,193,157 shares of the basic materials company’s stock worth $37,252,000 after purchasing an additional 6,761,114 shares during the period. Regal Partners Ltd purchased a new stake in B2Gold in the fourth quarter worth $6,181,000. Finally, Voloridge Investment Management LLC purchased a new stake in B2Gold in the fourth quarter worth $21,397,000. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Up 6.8%

NYSEAMERICAN:BTG opened at $4.08 on Friday. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.36 and a beta of 0.66. B2Gold Corp has a twelve month low of $3.31 and a twelve 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 stock has a fifty day simple moving average of $4.49 and a 200-day simple moving average of $4.78.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $893.41 million. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The business’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. Analysts anticipate that B2Gold Corp will post 0.65 EPS 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.