Quantinno Capital Management LP Decreases Stock Holdings in B2Gold Corp $BTG

Quantinno Capital Management LP lowered its position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 57.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,299 shares of the basic materials company’s stock after selling 140,248 shares during the period. Quantinno Capital Management LP’s holdings in B2Gold were worth $472,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BTG. Pale Fire Capital SE raised its stake in B2Gold by 77.4% in the first quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock valued at $315,923,000 after buying an additional 30,428,530 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of B2Gold by 1.9% in 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 acquiring an additional 1,018,157 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of B2Gold by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company’s stock valued at $151,630,000 after acquiring an additional 1,315,923 shares during the last quarter. Millennium Management LLC raised its position in shares of B2Gold by 248.2% during the 4th quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock worth $105,264,000 after acquiring an additional 16,639,601 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of B2Gold during the 4th quarter worth about $75,333,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

Shares of NYSEAMERICAN BTG opened at $5.52 on Friday. The stock has a market cap of $7.29 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.36 and a beta of 0.66. B2Gold Corp has a twelve month low of $3.57 and a twelve month high of $6.28. The stock has a 50 day moving average of $4.22 and a two-hundred day moving average of $4.65. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $789.35 million for the quarter, compared to analysts’ expectations of $836.33 million. B2Gold had a return on equity of 17.05% and a net margin of 21.47%.The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. On average, research analysts forecast that B2Gold Corp will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BTG shares. Scotiabank raised B2Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, August 10th. Jefferies Financial Group cut their price objective 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. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price objective for the company in a research report on Monday, August 10th. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada dropped their target price on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $6.17.

About B2Gold

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.