Jupiter Asset Management Ltd. bought a new position in shares of B2Gold Corp. (NYSEAMERICAN:BTG – Free Report) (TSE:BTO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,952 shares of the basic materials company’s stock, valued at approximately $75,000.
A number of other hedge funds have also made changes to their positions in BTG. JPMorgan Chase & Co. raised its holdings in shares of B2Gold by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 2,343,623 shares of the basic materials company’s stock worth $10,757,000 after acquiring an additional 103,507 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in B2Gold by 13.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 199,062 shares of the basic materials company’s stock valued at $914,000 after purchasing an additional 24,045 shares during the last quarter. Bank of New York Mellon Corp lifted its position in B2Gold by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 577,840 shares of the basic materials company’s stock worth $2,652,000 after buying an additional 30,187 shares during the period. HighTower Advisors LLC boosted its stake in B2Gold by 30.3% in the 1st quarter. HighTower Advisors LLC now owns 39,711 shares of the basic materials company’s stock worth $181,000 after buying an additional 9,229 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in B2Gold by 52.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 26,750 shares of the basic materials company’s stock valued at $123,000 after buying an additional 9,250 shares during the period. Hedge funds and other institutional investors own 51.52% of the company’s stock.
B2Gold Stock Performance
Shares of BTG stock opened at $2.96 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.18 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.85 billion, a PE ratio of 11.39 and a beta of 1.00. B2Gold Corp. has a one year low of $2.77 and a one year high of $4.40. The stock’s 50-day moving average is $3.67.
B2Gold Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend was Wednesday, September 20th. B2Gold’s dividend payout ratio (DPR) is 61.54%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on BTG. Scotiabank decreased their target price on shares of B2Gold from C$8.00 to C$7.75 in a research report on Friday, August 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $4.25 price objective on shares of B2Gold in a research note on Friday, September 29th. Finally, StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.42.
B2Gold Company Profile
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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