Jupiter Asset Management Ltd. acquired a new stake in B2Gold Corp. (NYSEAMERICAN:BTG – Free Report) (TSE:BTO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,952 shares of the basic materials company’s stock, valued at approximately $75,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of B2Gold by 19.2% in the second quarter. Van ECK Associates Corp now owns 143,086,684 shares of the basic materials company’s stock valued at $510,815,000 after acquiring an additional 23,068,540 shares in the last quarter. Vanguard Group Inc. raised its position in shares of B2Gold by 4.4% in the third quarter. Vanguard Group Inc. now owns 37,516,982 shares of the basic materials company’s stock valued at $120,805,000 after buying an additional 1,588,566 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in B2Gold by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 20,730,574 shares of the basic materials company’s stock worth $74,008,000 after acquiring an additional 84,428 shares during the last quarter. FIL Ltd grew its stake in B2Gold by 4.7% in the 1st quarter. FIL Ltd now owns 14,368,645 shares of the basic materials company’s stock worth $56,773,000 after acquiring an additional 645,928 shares during the period. Finally, Two Sigma Investments LP raised its holdings in B2Gold by 159.3% in the 1st quarter. Two Sigma Investments LP now owns 13,262,384 shares of the basic materials company’s stock valued at $52,254,000 after acquiring an additional 8,147,929 shares during the last quarter. 51.52% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently weighed in on BTG shares. Scotiabank reduced their target price on B2Gold from C$8.00 to C$7.75 in a research report on Friday, August 4th. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.25 price target on shares of B2Gold in a research note on Friday, September 29th. 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 Price Performance
BTG opened at $2.96 on Tuesday. The firm has a market capitalization of $3.85 billion, a PE ratio of 11.39 and a beta of 1.00. The company has a quick ratio of 1.12, a current ratio of 2.18 and a debt-to-equity ratio of 0.01. B2Gold Corp. has a 12-month low of $2.77 and a 12-month high of $4.40. The company has a fifty day moving average of $3.67.
B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $477.89 million for the quarter, compared to the consensus estimate of $474.00 million. B2Gold had a return on equity of 10.44% and a net margin of 13.95%. On average, equities research analysts forecast that B2Gold Corp. will post 0.3 earnings per share for the current fiscal year.
B2Gold Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 20th. This represents a $0.16 annualized dividend and a yield of 5.41%. B2Gold’s dividend payout ratio (DPR) is 61.54%.
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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