Jennison Associates LLC Has $20.01 Million Position in B2Gold Corp. (NYSEAMERICAN:BTG)

Jennison Associates LLC lowered its position in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,330,664 shares of the basic materials company’s stock after selling 1,818,007 shares during the quarter. Jennison Associates LLC owned 0.49% of B2Gold worth $20,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. acquired a new stake in shares of B2Gold during the 3rd quarter worth approximately $35,000. Beach Investment Counsel Inc. PA acquired a new stake in shares of B2Gold during the 4th quarter worth approximately $39,000. Kellett Wealth Advisors LLC acquired a new stake in shares of B2Gold during the 4th quarter worth approximately $40,000. Seven Mile Advisory acquired a new stake in shares of B2Gold during the 3rd quarter worth approximately $48,000. Finally, DGS Capital Management LLC acquired a new stake in shares of B2Gold during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BTG. Royal Bank of Canada reduced their price objective on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research report on Thursday, March 28th. CIBC cut B2Gold from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $4.20 to $3.60 in a report on Thursday, January 25th. Finally, Jefferies Financial Group began coverage on B2Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $3.50 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.10.

B2Gold Trading Up 1.8 %

Shares of NYSEAMERICAN:BTG opened at $2.58 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average is $2.88. B2Gold Corp. has a 1-year low of $2.34 and a 1-year high of $4.29. The company has a market cap of $3.35 billion, a PE ratio of 128.81, a PEG ratio of 1.55 and a beta of 1.09.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The company had revenue of $511.97 million during the quarter, compared to analysts’ expectations of $512.00 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm’s revenue was down 13.6% compared to the same quarter last year. On average, sell-side analysts forecast that B2Gold Corp. will post 0.25 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio is currently 400.20%.

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.