B2Gold Corp. (NYSE:BTG) Shares Acquired by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC increased its position in B2Gold Corp. (NYSE:BTG) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,631,472 shares of the company’s stock after acquiring an additional 92,385 shares during the quarter. B2Gold comprises about 3.2% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 10th biggest position. Euro Pacific Asset Management LLC owned about 0.43% of B2Gold worth $17,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTG. Privium Fund Management B.V. increased its position in B2Gold by 29.6% in the 3rd quarter. Privium Fund Management B.V. now owns 103,598 shares of the company’s stock worth $319,000 after buying an additional 23,645 shares during the period. Oxbow Advisors LLC raised its stake in B2Gold by 13.7% during the 3rd quarter. Oxbow Advisors LLC now owns 88,445 shares of the company’s stock valued at $272,000 after purchasing an additional 10,650 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in B2Gold in the 3rd quarter worth $62,000. Easterly Investment Partners LLC increased its holdings in shares of B2Gold by 8.5% during the 3rd quarter. Easterly Investment Partners LLC now owns 1,642,235 shares of the company’s stock worth $5,058,000 after purchasing an additional 129,195 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of B2Gold by 24.7% in the third quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock valued at $82,000 after buying an additional 5,257 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Jefferies Financial Group upped their price target on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, CIBC lifted their price objective on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.12.

B2Gold Stock Down 0.9 %

Shares of BTG stock opened at $2.68 on Friday. The company has a market cap of $3.51 billion, a P/E ratio of -4.78, a P/E/G ratio of 2.27 and a beta of 1.13. B2Gold Corp. has a 12-month low of $2.34 and a 12-month high of $3.50. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $3.16.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS. As a group, research analysts expect that B2Gold Corp. will post 0.24 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s dividend payout ratio is currently -28.57%.

B2Gold Company Profile

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.