Eurizon Capital SGR S.p.A. Takes $2.44 Million Position in B2Gold Corp $BTG

Eurizon Capital SGR S.p.A. bought a new stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 537,613 shares of the basic materials company’s stock, valued at approximately $2,442,000.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of B2Gold in the fourth quarter valued at about $45,000. Jefferies Financial Group Inc. bought a new stake in shares of B2Gold in the fourth quarter valued at about $55,000. Kingswood Wealth Advisors LLC bought a new stake in shares of B2Gold in the fourth quarter valued at about $65,000. Leonteq Securities AG bought a new stake in shares of B2Gold in the fourth quarter valued at about $68,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of B2Gold by 17.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock valued at $118,000 after acquiring an additional 3,888 shares during the period. Institutional investors own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, B2Gold presently has a consensus rating of “Hold”.

B2Gold Trading Up 1.3%

Shares of B2Gold stock opened at $4.72 on Wednesday. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.44 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 Corp has a 12-month low of $3.31 and a 12-month high of $6.28. The firm’s 50-day moving average price is $4.70 and its two-hundred day moving average price is $4.80.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share (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 the consensus estimate 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 company posted $0.09 earnings per share. On average, analysts forecast that B2Gold Corp will post 0.65 earnings per share for the current fiscal year.

B2Gold Company 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.