Van ECK Associates Corp Trims Holdings in B2Gold Corp $BTG

Van ECK Associates Corp cut its holdings in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 10.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 104,263,524 shares of the basic materials company’s stock after selling 11,640,129 shares during the quarter. Van ECK Associates Corp owned approximately 0.08% of B2Gold worth $470,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BTG. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of B2Gold in the 4th quarter worth about $45,000. Jefferies Financial Group Inc. purchased a new stake in shares of B2Gold in the 4th quarter worth about $55,000. Cerity Partners LLC purchased a new stake in shares of B2Gold in the 4th quarter worth about $55,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of B2Gold in the 4th quarter worth about $65,000. Finally, Leonteq Securities AG purchased a new stake in shares of B2Gold in the 4th quarter worth about $68,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Stock Up 2.9%

NYSEAMERICAN:BTG opened at $4.21 on Friday. The firm’s 50-day moving average price is $4.70 and its 200-day moving average price is $4.81. The company has a market capitalization of $5.59 billion, a PE ratio of 11.69, a P/E/G ratio of 0.39 and a beta of 0.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59. B2Gold Corp has a 1-year low of $3.31 and a 1-year high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $893.41 million. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The company’s revenue was up 117.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. On average, equities analysts predict that B2Gold Corp will post 0.65 EPS for the current fiscal year.

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.