B2Gold (NYSEAMERICAN:BTG) Trading Down 3.9%

Shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) were down 3.9% during trading on Friday . The company traded as low as $3.20 and last traded at $3.20. Approximately 8,350,411 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 12,405,065 shares. The stock had previously closed at $3.33.

B2Gold Trading Down 3.6 %

The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $2.73. The stock has a market capitalization of $4.20 billion, a P/E ratio of -108.96, a PEG ratio of 1.65 and a beta of 1.10.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. On average, analysts forecast that B2Gold Corp. will post 0.26 EPS for the current year.

Hedge Funds Weigh In On B2Gold

Several large investors have recently modified their holdings of BTG. Sprott Inc. lifted its position in shares of B2Gold by 99.1% in the 4th quarter. Sprott Inc. now owns 6,382,409 shares of the basic materials company’s stock worth $20,170,000 after buying an additional 3,177,274 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in B2Gold by 19.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,915,669 shares of the basic materials company’s stock valued at $12,402,000 after acquiring an additional 639,112 shares during the period. Vanguard Group Inc. raised its position in shares of B2Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 49,399,970 shares of the basic materials company’s stock worth $156,104,000 after purchasing an additional 856,269 shares during the period. Quantbot Technologies LP raised its position in shares of B2Gold by 321.4% during the 1st quarter. Quantbot Technologies LP now owns 595,830 shares of the basic materials company’s stock worth $1,555,000 after purchasing an additional 454,431 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of B2Gold by 187.2% in the 1st quarter. BNP Paribas Financial Markets now owns 46,765 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 30,484 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.