Peapack Gladstone Financial Corp Raises Position in B2Gold Corp. (NYSEAMERICAN:BTG)

Peapack Gladstone Financial Corp lifted its holdings in shares of B2Gold Corp. (NYSEAMERICAN:BTGFree Report) (TSE:BTO) by 58.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,984 shares of the basic materials company’s stock after acquiring an additional 12,500 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in B2Gold were worth $107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in B2Gold by 20.3% during the third quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company’s stock valued at $140,291,000 after purchasing an additional 8,177,437 shares during the period. Deutsche Bank AG grew its holdings in B2Gold by 10.2% during the third quarter. Deutsche Bank AG now owns 4,958,471 shares of the basic materials company’s stock valued at $14,330,000 after purchasing an additional 457,456 shares during the period. Aigen Investment Management LP bought a new position in B2Gold during the third quarter valued at $98,000. Dimensional Fund Advisors LP grew its holdings in B2Gold by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 22,912,152 shares of the basic materials company’s stock valued at $72,403,000 after purchasing an additional 1,178,984 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in B2Gold by 32.5% during the third quarter. Canada Pension Plan Investment Board now owns 1,010,800 shares of the basic materials company’s stock valued at $2,916,000 after purchasing an additional 248,000 shares during the period. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Stock Down 6.8 %

NYSEAMERICAN BTG opened at $2.59 on Friday. The company’s 50-day moving average price is $2.84. B2Gold Corp. has a twelve month low of $2.34 and a twelve month high of $3.87. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.39 billion, a P/E ratio of -86.30, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10.

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

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders 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 6.18%. B2Gold’s dividend payout ratio is currently -533.16%.

Wall Street Analyst Weigh In

BTG has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a report on Thursday, March 28th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Finally, Jefferies Financial Group initiated coverage on B2Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $3.50 price target for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.57.

View Our Latest Analysis on B2Gold

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.

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Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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