17,101,670 Shares in B2Gold Corp $BTG Acquired by Deutsche Bank AG

Deutsche Bank AG purchased a new position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,101,670 shares of the basic materials company’s stock, valued at approximately $63,960,000. Deutsche Bank AG owned 1.29% of B2Gold as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

BTG has been the topic of a number of recent analyst reports. Scotiabank upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” 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 objective for the company 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 note on Monday, August 10th. Royal Bank Of Canada dropped their target price on B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. Finally, Jefferies Financial Group cut their target price on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $6.17.

B2Gold Price Performance

NYSEAMERICAN:BTG opened at $5.38 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $4.19 and its 200 day moving average price is $4.64. B2Gold Corp has a 52-week low of $3.57 and a 52-week high of $6.28. The firm has a market cap of $7.11 billion, a P/E ratio of 9.78, a PEG ratio of 0.34 and a beta of 0.66.

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

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.