HighTower Advisors LLC Acquires Shares of 11,645 B2Gold Corp. (NYSE:BTG)

HighTower Advisors LLC purchased a new stake in B2Gold Corp. (NYSE:BTG) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,645 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Point72 DIFC Ltd lifted its stake in B2Gold by 16.6% in the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after buying an additional 3,053 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of B2Gold by 35.0% during the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after buying an additional 3,500 shares during the last quarter. Creative Planning grew its holdings in shares of B2Gold by 6.2% during the 3rd quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after purchasing an additional 4,810 shares during the period. Concurrent Investment Advisors LLC increased its position in B2Gold by 24.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock worth $82,000 after purchasing an additional 5,257 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after buying an additional 5,764 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BTG shares. Jefferies Financial Group boosted their price objective on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. CIBC upped their target price on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, B2Gold has an average rating of “Hold” and a consensus target price of $4.12.

B2Gold Stock Up 0.4 %

Shares of NYSE BTG opened at $2.50 on Friday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of -4.46, a PEG ratio of 0.53 and a beta of 1.08. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock’s 50-day simple moving average is $2.91 and its 200-day simple moving average is $2.90.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. As a group, equities analysts anticipate that B2Gold Corp. will post 0.23 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date was Monday, December 2nd. B2Gold’s dividend payout ratio is presently -28.57%.

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.