Capstone Investment Advisors LLC Invests $731,000 in B2Gold Corp $BTG

Capstone Investment Advisors LLC purchased a new position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 195,469 shares of the basic materials company’s stock, valued at approximately $731,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Intact Investment Management Inc. grew its stake in shares of B2Gold by 5,130.6% during the fourth quarter. Intact Investment Management Inc. now owns 1,642,400 shares of the basic materials company’s stock worth $7,395,000 after acquiring an additional 1,611,000 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of B2Gold in the second quarter worth about $63,960,000. Alberta Investment Management Corp acquired a new stake in shares of B2Gold during the second quarter worth about $1,346,000. Persistent Asset Partners Ltd acquired a new stake in shares of B2Gold during the second quarter worth about $781,000. Finally, Easterly Investment Partners LLC raised its position in B2Gold by 3.9% during the 4th quarter. Easterly Investment Partners LLC now owns 2,934,687 shares of the basic materials company’s stock worth $13,235,000 after buying an additional 109,076 shares during the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Price Performance

B2Gold stock opened at $5.66 on Friday. B2Gold Corp has a 52-week low of $3.57 and a 52-week high of $6.28. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.40 and a beta of 0.66. The company has a fifty day simple moving average of $4.35 and a 200-day simple moving average of $4.68. The company has a quick ratio of 0.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its 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). The business had revenue of $789.35 million during the quarter, compared to analyst estimates of $836.33 million. B2Gold had a net margin of 21.47% and a return on equity of 17.05%. B2Gold’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. On average, equities analysts anticipate that B2Gold Corp will post 0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

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