Two Sigma Securities LLC Buys 182,811 Shares of B2Gold Corp $BTG

Two Sigma Securities LLC increased its position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 341.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,275 shares of the basic materials company’s stock after buying an additional 182,811 shares during the period. Two Sigma Securities LLC’s holdings in B2Gold were worth $884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new position in B2Gold during the second quarter valued at approximately $37,000. Sanctuary Advisors LLC bought a new position in shares of B2Gold during the 2nd quarter worth approximately $41,000. GSA Capital Partners LLP purchased a new stake in shares of B2Gold during the 2nd quarter valued at $43,000. DGS Capital Management LLC purchased a new stake in B2Gold in the first quarter valued at about $50,000. Finally, Ascentis Independent Advisors acquired a new stake in B2Gold in the 1st quarter worth approximately $50,000. 61.40% of the stock is currently owned by institutional investors.

B2Gold Price Performance

Shares of BTG opened at $5.48 on Tuesday. The company has a market cap of $7.24 billion, a P/E ratio of 9.96, a PEG ratio of 0.39 and a beta of 0.66. 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 Corp has a fifty-two week low of $3.57 and a fifty-two week high of $6.28. The firm’s 50 day moving average price is $4.38 and its 200 day moving average price is $4.67.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share 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 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 posted $0.12 earnings per share. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts forecast that B2Gold Corp will post 0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BTG has been the topic of several research analyst reports. Scotiabank upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, August 10th. Royal Bank Of Canada cut their price objective on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. 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. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, 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 research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.