Blue Trust Inc. Buys 5,764 Shares of B2Gold Corp. (NYSE:BTG)

Blue Trust Inc. boosted its stake in shares of B2Gold Corp. (NYSE:BTG) by 72.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,755 shares of the company’s stock after buying an additional 5,764 shares during the quarter. Blue Trust Inc.’s holdings in B2Gold were worth $42,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC purchased a new stake in shares of B2Gold in the second quarter worth about $40,000. Baader Bank Aktiengesellschaft bought a new position in B2Gold during the second quarter valued at approximately $42,000. Concurrent Investment Advisors LLC bought a new position in B2Gold during the second quarter valued at approximately $57,000. Point72 DIFC Ltd grew its position in B2Gold by 16.6% during the second quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after acquiring an additional 3,053 shares during the last quarter. Finally, Raymond James Trust N.A. grew its holdings in shares of B2Gold by 69.3% in the second quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock worth $61,000 after purchasing an additional 9,258 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

B2Gold Trading Down 0.8 %

B2Gold stock opened at $3.30 on Friday. The business has a 50 day moving average price of $3.13. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of -29.95, a price-to-earnings-growth ratio of 2.81 and a beta of 1.15. 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 1.74, a current ratio of 2.93 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $492.57 million during the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. On average, analysts predict that B2Gold Corp. will post 0.25 EPS for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.16 annualized dividend and a yield of 4.86%. B2Gold’s payout ratio is -145.44%.

Analysts Set New Price Targets

A number of brokerages recently commented on BTG. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Finally, CIBC boosted 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. Five 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 stock has an average rating of “Hold” and a consensus target price of $4.12.

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.