Scotia Capital Inc. Has $94,000 Stake in B2Gold Corp. (NYSEAMERICAN:BTG)

Scotia Capital Inc. grew its stake in shares of B2Gold Corp. (NYSEAMERICAN:BTGFree Report) (TSE:BTO) by 76.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 29,926 shares of the basic materials company’s stock after buying an additional 13,004 shares during the period. Scotia Capital Inc.’s holdings in B2Gold were worth $94,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. C M Bidwell & Associates Ltd. acquired a new stake in B2Gold during the third quarter worth $35,000. Private Advisor Group LLC bought a new stake in B2Gold in the fourth quarter valued at about $38,000. Beach Investment Counsel Inc. PA bought a new stake in B2Gold in the fourth quarter valued at about $39,000. Kellett Wealth Advisors LLC acquired a new position in B2Gold in the fourth quarter worth about $40,000. Finally, Seven Mile Advisory bought a new position in B2Gold during the third quarter worth about $48,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on BTG shares. Jefferies Financial Group assumed coverage on B2Gold in a research note on Thursday, February 29th. They set a “buy” rating and a $3.50 price objective for the company. Royal Bank of Canada cut their price target on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a report on Thursday, March 28th. Finally, StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, B2Gold presently has an average rating of “Moderate Buy” and an average price target of $4.57.

Get Our Latest Analysis on BTG

B2Gold Stock Up 1.6 %

BTG stock opened at $2.78 on Friday. B2Gold Corp. has a twelve month low of $2.34 and a twelve month high of $3.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.99. The firm has a market cap of $3.63 billion, a P/E ratio of -92.47, a P/E/G ratio of 1.65 and a beta of 1.10. The company has a fifty day moving average of $2.84.

B2Gold (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. The company had revenue of $461.40 million during the quarter, compared to analysts’ expectations of $453.81 million. During the same period in the prior year, the business posted $0.08 EPS. B2Gold’s revenue was down 2.6% on a year-over-year basis. Research analysts anticipate that B2Gold Corp. will post 0.26 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 5.77%. B2Gold’s dividend payout ratio (DPR) is currently -533.16%.

B2Gold 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.

Further Reading

Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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