B2Gold Corp. (NYSEAMERICAN:BTG) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 216.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,200 shares of the basic materials company’s stock after acquiring an additional 25,428 shares during the period. International Assets Investment Management LLC’s holdings in B2Gold were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BTG. Van ECK Associates Corp boosted its holdings in shares of B2Gold by 9.0% in the third quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company’s stock valued at $450,601,000 after acquiring an additional 12,836,388 shares in the last quarter. Intact Investment Management Inc. grew its stake in B2Gold by 332.9% during the third quarter. Intact Investment Management Inc. now owns 11,250,230 shares of the basic materials company’s stock worth $32,302,000 after buying an additional 8,651,430 shares during the period. Vanguard Group Inc. increased its position in shares of B2Gold by 20.3% in the third quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company’s stock worth $140,291,000 after acquiring an additional 8,177,437 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of B2Gold in the 3rd quarter valued at $2,223,000. Finally, Mackenzie Financial Corp raised its stake in shares of B2Gold by 22.3% in the 3rd quarter. Mackenzie Financial Corp now owns 3,694,871 shares of the basic materials company’s stock valued at $10,429,000 after acquiring an additional 672,764 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on BTG shares. Jefferies Financial Group started coverage on B2Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $3.50 price target for the company. Royal Bank of Canada lowered their target price on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Finally, CIBC lowered B2Gold from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $4.20 to $3.60 in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.10.

B2Gold Stock Performance

Shares of NYSEAMERICAN BTG opened at $2.64 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $4.29. The stock’s 50-day simple moving average is $2.87. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 132.07, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The business had revenue of $511.97 million for the quarter, compared to analyst estimates of $512.00 million. During the same quarter last year, the business earned $0.15 EPS. B2Gold’s revenue for the quarter was down 13.6% compared to the same quarter last year. As a group, research analysts predict that B2Gold Corp. will post 0.25 EPS for the current year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors 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 dividend yield of 6.06%. B2Gold’s dividend payout ratio (DPR) is presently 400.20%.

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.