B2Gold Corp. (NYSE:BTG) Stock Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in B2Gold Corp. (NYSE:BTG) by 220.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,878 shares of the company’s stock after purchasing an additional 28,106 shares during the quarter. International Assets Investment Management LLC’s holdings in B2Gold were worth $1,260,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of B2Gold by 39.4% during the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after buying an additional 3,474,553 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of B2Gold by 80.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after buying an additional 3,311,970 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of B2Gold during the 2nd quarter worth about $6,912,000. Equinox Partners Investment Management LLC raised its position in shares of B2Gold by 31.6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock worth $16,185,000 after buying an additional 1,450,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of B2Gold by 133.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock worth $5,334,000 after buying an additional 1,131,534 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Price Performance

NYSE:BTG opened at $3.28 on Tuesday. The firm has a market cap of $4.31 billion, a PE ratio of -29.82, a P/E/G ratio of 2.72 and a beta of 1.13. B2Gold Corp. has a one year low of $2.34 and a one year high of $3.50. The firm’s fifty day moving average is $3.14. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.

B2Gold (NYSE:BTG) last released its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $492.57 million for the quarter. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. As a group, equities research analysts anticipate that B2Gold Corp. will post 0.25 EPS for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s payout ratio is -145.45%.

Analyst Ratings Changes

A number of analysts recently commented on BTG shares. StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Jefferies Financial Group boosted their price objective on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Scotiabank downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a research report on Tuesday, September 17th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.12.

B2Gold 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.