Zweig DiMenna Associates LLC Cuts Position in B2Gold Corp $BTG

Zweig DiMenna Associates LLC decreased its stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 96.7% in the 1st quarter, Holdings Channel reports. The firm owned 45,800 shares of the basic materials company’s stock after selling 1,338,500 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in B2Gold were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in B2Gold by 11.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock worth $1,749,000 after buying an additional 38,598 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of B2Gold by 22.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock worth $1,900,000 after acquiring an additional 76,384 shares during the period. Ruffer LLP acquired a new stake in shares of B2Gold in the 4th quarter worth approximately $2,054,000. Kingswood Wealth Advisors LLC purchased a new position in B2Gold in the 4th quarter valued at approximately $65,000. Finally, Concurrent Investment Advisors LLC increased its stake in B2Gold by 17.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 3,888 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Performance

Shares of BTG opened at $3.79 on Wednesday. B2Gold Corp has a 12-month low of $3.31 and a 12-month high of $6.28. The stock has a market cap of $5.01 billion, a P/E ratio of 10.53, a PEG ratio of 0.30 and a beta of 0.66. 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 has a 50-day moving average of $4.38 and a two-hundred day moving average of $4.73.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $893.41 million. During the same period in the prior year, the business earned $0.09 earnings per share. The company’s quarterly revenue was up 117.7% on a year-over-year basis. As a group, research analysts predict that B2Gold Corp will post 0.62 EPS for the current fiscal year.

Analyst Ratings Changes

BTG has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their target price on B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Royal Bank Of Canada dropped their price target on B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.50.

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.