16,730,740 Shares in B2Gold Corp $BTG Bought by Norges Bank

Norges Bank acquired a new stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,730,740 shares of the basic materials company’s stock, valued at approximately $75,333,000. Norges Bank owned about 1.25% of B2Gold at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BTG. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 1,018,157 shares during the last quarter. Legal & General Group Plc grew its holdings in B2Gold by 13.4% during the fourth quarter. Legal & General Group Plc now owns 7,206,782 shares of the basic materials company’s stock valued at $32,492,000 after purchasing an additional 849,193 shares during the period. UBS Group AG increased its stake in B2Gold by 300.3% in the fourth quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock valued at $16,139,000 after purchasing an additional 2,684,504 shares in the last quarter. Intact Investment Management Inc. increased its stake in B2Gold by 5,130.6% in the fourth quarter. Intact Investment Management Inc. now owns 1,642,400 shares of the basic materials company’s stock valued at $7,395,000 after purchasing an additional 1,611,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in B2Gold by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 1,631,425 shares of the basic materials company’s stock worth $7,919,000 after purchasing an additional 180,666 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Trading Down 8.7%

Shares of NYSEAMERICAN BTG opened at $4.18 on Friday. B2Gold Corp has a twelve month low of $3.31 and a twelve month high of $6.28. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 0.40 and a beta of 0.61. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $4.73 and its 200-day moving average is $4.81.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $893.41 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s quarterly revenue was up 117.7% on a year-over-year basis. Equities research analysts predict that B2Gold Corp will post 0.65 EPS for the current 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.