Public Employees Retirement System of Ohio Makes New Investment in B2Gold Corp $BTG

Public Employees Retirement System of Ohio purchased a new stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,260,851 shares of the basic materials company’s stock, valued at approximately $4,728,000.

Several other institutional investors also recently bought and sold shares of the business. Pale Fire Capital SE lifted its holdings in shares of B2Gold by 77.4% during the 1st quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock valued at $315,923,000 after acquiring an additional 30,428,530 shares in the last quarter. Vanguard Group Inc. increased its holdings in B2Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock valued at $252,273,000 after purchasing an additional 1,018,157 shares in the last quarter. Dimensional Fund Advisors LP raised its position in B2Gold by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company’s stock valued at $151,630,000 after purchasing an additional 1,315,923 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of B2Gold in the second quarter valued at about $107,805,000. Finally, Millennium Management LLC grew its stake in shares of B2Gold by 248.2% in the fourth quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock valued at $105,264,000 after buying an additional 16,639,601 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Trading Up 4.0%

NYSEAMERICAN:BTG opened at $5.41 on Thursday. The company has a market cap of $7.15 billion, a PE ratio of 9.84, a P/E/G ratio of 0.36 and a beta of 0.73. The business’s 50 day moving average is $4.43 and its two-hundred day moving average is $4.67. 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.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released 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 business had revenue of $789.35 million for the quarter, compared to analyst estimates of $836.33 million. B2Gold had a return on equity of 17.05% and a net margin of 21.47%.B2Gold’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. On average, analysts predict that B2Gold Corp will post 0.49 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Jefferies Financial Group decreased their price target on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a report on Monday, July 6th. Scotiabank upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a research note 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. Royal Bank Of Canada decreased their target price on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. Finally, ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Monday, August 10th. One 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. According to data from MarketBeat.com, the company 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.