300,600 Shares in B2Gold Corp $BTG Bought by De Lisle Partners LLP

De Lisle Partners LLP purchased a new stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 300,600 shares of the basic materials company’s stock, valued at approximately $1,124,000.

Other hedge funds have also added to or reduced their stakes in the company. Pale Fire Capital SE raised its holdings in B2Gold by 77.4% in the 1st quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock worth $315,923,000 after purchasing an additional 30,428,530 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of B2Gold by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock valued at $252,273,000 after purchasing an additional 1,018,157 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of B2Gold by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company’s stock valued at $151,630,000 after buying an additional 1,315,923 shares during the period. Millennium Management LLC increased its position in shares of B2Gold by 248.2% during the fourth quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock valued at $105,264,000 after buying an additional 16,639,601 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of B2Gold during the second quarter valued at about $63,960,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Price Performance

Shares of B2Gold stock opened at $5.52 on Monday. The company has a 50-day simple moving average of $4.22 and a two-hundred day simple moving average of $4.65. The stock has a market capitalization of $7.29 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.38 and a beta of 0.66. B2Gold Corp has a 52-week low of $3.57 and a 52-week high of $6.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.58 and a current ratio of 1.58.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The firm had revenue of $789.35 million for the quarter, compared to analysts’ expectations of $836.33 million. During the same quarter in the previous year, the company earned $0.12 EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, analysts anticipate that B2Gold Corp will post 0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price for the company in a research report on Monday, August 10th. Royal Bank Of Canada lowered their target price on B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group dropped their target price on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Finally, Scotiabank upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $6.17.

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.