Sanctuary Advisors LLC Takes $50,000 Position in B2Gold Corp. (NYSE:BTG)

Sanctuary Advisors LLC bought a new position in shares of B2Gold Corp. (NYSE:BTG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 17,282 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BTG. Point72 DIFC Ltd increased its stake in B2Gold by 16.6% during the second quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock worth $58,000 after purchasing an additional 3,053 shares during the period. Moors & Cabot Inc. increased its stake in 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 period. Creative Planning lifted its holdings in B2Gold by 6.2% during the 3rd quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after buying an additional 4,810 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in B2Gold by 24.7% in the 3rd 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. Finally, Blue Trust Inc. grew its stake in shares of B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after acquiring an additional 5,764 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

B2Gold Stock Down 2.0 %

BTG stock opened at $2.42 on Tuesday. The stock has a market cap of $3.18 billion, a P/E ratio of -4.32, a PEG ratio of 0.53 and a beta of 1.08. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a twelve month low of $2.34 and a twelve month high of $3.50. The company’s 50 day moving average is $2.86 and its two-hundred day moving average is $2.90.

B2Gold (NYSE:BTG) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. Research analysts expect that B2Gold Corp. will post 0.23 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s payout ratio is currently -28.57%.

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.