Canada Pension Plan Investment Board Invests $14.79 Million in B2Gold Corp $BTG

Canada Pension Plan Investment Board bought 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 (SEC). The fund bought 3,946,100 shares of the basic materials company’s stock, valued at approximately $14,787,000. Canada Pension Plan Investment Board owned approximately 0.30% of B2Gold at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BTG. Northwestern Mutual Wealth Management Co. purchased a new stake in B2Gold during the 2nd quarter worth about $37,000. Sanctuary Advisors LLC purchased a new position in shares of B2Gold in the 2nd quarter valued at about $41,000. GSA Capital Partners LLP purchased a new position in shares of B2Gold in the 2nd quarter valued at about $43,000. Ascentis Independent Advisors purchased a new stake in B2Gold during the first quarter worth approximately $50,000. Finally, DGS Capital Management LLC purchased a new stake in B2Gold during the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Trading Down 2.9%

BTG opened at $5.66 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. B2Gold Corp has a 52 week low of $3.57 and a 52 week high of $6.28. The business’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.68. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.40 and a beta of 0.66.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm 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 revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. On average, research analysts predict that B2Gold Corp will post 0.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BTG shares. Scotiabank raised B2Gold from a “sector perform” rating to a “sector outperform” rating 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. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price for the company in a report on Monday, August 10th. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Jefferies Financial Group cut their price target on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average 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.