Van ECK Associates Corp Decreases Stock Holdings in B2Gold Corp $BTG

Van ECK Associates Corp trimmed its position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,263,524 shares of the basic materials company’s stock after selling 11,640,129 shares during the quarter. Van ECK Associates Corp owned 7.78% of B2Gold worth $470,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in B2Gold during the 4th quarter valued at $75,333,000. Deutsche Bank AG increased its position in B2Gold by 68.5% during the 4th quarter. Deutsche Bank AG now owns 15,447,214 shares of the basic materials company’s stock valued at $69,667,000 after purchasing an additional 6,281,975 shares during the period. BNP Paribas Financial Markets increased its position in 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 valued at $30,316,000 after purchasing an additional 4,878,576 shares during the period. UBS Group AG increased its position in B2Gold by 300.3% during the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock valued at $16,139,000 after purchasing an additional 2,684,504 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in 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 valued at $43,157,000 after purchasing an additional 2,319,482 shares during the period. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Stock Up 2.9%

Shares of B2Gold stock opened at $4.21 on Friday. 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 company’s fifty day simple moving average is $4.70 and its two-hundred day simple moving average is $4.81. The company has a market cap of $5.59 billion, a P/E ratio of 11.69, a PEG ratio of 0.39 and a beta of 0.61. B2Gold Corp has a 12-month low of $3.31 and a 12-month high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data 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 business 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 company’s quarterly revenue was up 117.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. Research analysts anticipate that B2Gold Corp will post 0.65 EPS for the current 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.