Deutsche Bank AG Invests $63.96 Million in B2Gold Corp $BTG

Deutsche Bank AG bought a new position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the second quarter, Holdings Channel reports. The fund bought 17,101,670 shares of the basic materials company’s stock, valued at approximately $63,960,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of B2Gold during the fourth quarter valued at $45,000. Parkway Wealth Management Group LLC acquired a new position in shares of B2Gold in the 1st quarter valued at $51,000. DGS Capital Management LLC purchased a new position in B2Gold in the 1st quarter worth about $50,000. Ascentis Independent Advisors purchased a new position in B2Gold in the 1st quarter worth about $50,000. Finally, GSA Capital Partners LLP acquired a new stake in B2Gold during the 2nd quarter worth about $43,000. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Stock Up 2.1%

NYSEAMERICAN:BTG opened at $5.38 on Friday. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.34 and a beta of 0.66. B2Gold Corp has a 1-year low of $3.57 and a 1-year high of $6.28. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $4.19 and its 200 day moving average price is $4.64.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data 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 return on equity of 17.05% and a net margin of 21.47%.The business had revenue of $789.35 million for the quarter, compared to analyst estimates of $836.33 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that B2Gold Corp will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on BTG. Jefferies Financial Group reduced their price objective on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, July 6th. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price target on the stock in a report on Monday, August 10th. ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada reduced their price target on shares of 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 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, the stock has a consensus rating of “Buy” and a consensus 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.