JPMorgan Chase & Co. Has $1.59 Million Stake in B2Gold Corp. (NYSE:BTG)

JPMorgan Chase & Co. boosted its position in shares of B2Gold Corp. (NYSE:BTG) by 525.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 517,575 shares of the company’s stock after buying an additional 434,775 shares during the period. JPMorgan Chase & Co.’s holdings in B2Gold were worth $1,594,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. E&G Advisors LP acquired a new stake in B2Gold during the third quarter worth about $31,000. Private Advisor Group LLC acquired a new stake in shares of B2Gold in the 3rd quarter valued at approximately $33,000. Flow Traders U.S. LLC acquired a new stake in shares of B2Gold in the 3rd quarter valued at approximately $35,000. HighTower Advisors LLC acquired a new stake in shares of B2Gold in the 3rd quarter valued at approximately $36,000. Finally, Moors & Cabot Inc. boosted its stake in shares of B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after purchasing an additional 3,500 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BTG has been the topic of several recent research reports. Jefferies Financial Group lifted their target price on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, CIBC lowered their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.02.

B2Gold Stock Down 2.5 %

B2Gold stock opened at $2.35 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.50. The firm has a 50 day moving average price of $2.62 and a two-hundred day moving average price of $2.87. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -4.20, a PEG ratio of 0.27 and a beta of 1.09.

B2Gold (NYSE:BTG) last released 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 company had revenue of $448.23 million during 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 business’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. Equities analysts predict that B2Gold Corp. will post 0.22 EPS for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 6.81%. B2Gold’s dividend payout ratio (DPR) is presently -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.