Vanguard Group Inc. Has $140.29 Million Stock Holdings in B2Gold Corp. (NYSEAMERICAN:BTG)

Vanguard Group Inc. grew its position in shares of B2Gold Corp. (NYSEAMERICAN:BTGFree Report) (TSE:BTO) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,543,701 shares of the basic materials company’s stock after acquiring an additional 8,177,437 shares during the quarter. Vanguard Group Inc. owned 3.73% of B2Gold worth $140,291,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BTG. Deutsche Bank AG raised its stake in shares of B2Gold by 10.2% during the 3rd quarter. Deutsche Bank AG now owns 4,958,471 shares of the basic materials company’s stock worth $14,330,000 after purchasing an additional 457,456 shares in the last quarter. Public Sector Pension Investment Board raised its stake in B2Gold by 5.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,798,820 shares of the basic materials company’s stock valued at $8,074,000 after acquiring an additional 136,154 shares during the period. Walleye Trading LLC bought a new stake in B2Gold in the 3rd quarter valued at $123,000. Creative Planning bought a new stake in B2Gold in the 3rd quarter valued at $66,000. Finally, The Manufacturers Life Insurance Company raised its stake in B2Gold by 2.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,276,557 shares of the basic materials company’s stock valued at $9,475,000 after acquiring an additional 80,206 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BTG. Royal Bank of Canada decreased their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a report on Thursday, March 28th. CIBC lowered B2Gold from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $4.20 to $3.60 in a report on Thursday, January 25th. Finally, Jefferies Financial Group initiated coverage on B2Gold in a report on Thursday, February 29th. They set a “buy” rating and a $3.50 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, B2Gold currently has an average rating of “Moderate Buy” and a consensus target price of $5.10.

Check Out Our Latest Analysis on B2Gold

B2Gold Trading Up 2.3 %

B2Gold stock opened at $2.70 on Wednesday. B2Gold Corp. has a 12 month low of $2.34 and a 12 month high of $4.40. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.52 billion, a P/E ratio of 135.07, a PEG ratio of 5.90 and a beta of 1.09. The company has a 50-day moving average price of $2.93.

B2Gold (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The company had revenue of $511.97 million for the quarter, compared to the consensus estimate of $512.00 million. During the same quarter last year, the business earned $0.15 earnings per share. B2Gold’s revenue was down 13.6% compared to the same quarter last year. As a group, analysts predict that B2Gold Corp. will post 0.2 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a $0.04 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 dividend on an annualized basis and a yield of 5.93%. B2Gold’s dividend payout ratio (DPR) is presently 400.20%.

B2Gold Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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