Allspring Global Investments Holdings LLC Acquires New Shares in B2Gold Corp. (NYSE:BTG)

Allspring Global Investments Holdings LLC acquired a new stake in shares of B2Gold Corp. (NYSE:BTG) during the second quarter, according to its most recent filing with the SEC. The fund acquired 2,525,200 shares of the company’s stock, valued at approximately $6,912,000. Allspring Global Investments Holdings LLC owned 0.19% of B2Gold as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Trust N.A. raised its holdings in shares of B2Gold by 69.3% in the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after acquiring an additional 9,258 shares in the last quarter. Continuum Advisory LLC purchased a new position in B2Gold in the second quarter worth $40,000. Baader Bank Aktiengesellschaft bought a new position in B2Gold in the second quarter valued at $42,000. KG&L Capital Management LLC raised its position in B2Gold by 9.6% during the second quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock valued at $560,000 after purchasing an additional 18,200 shares in the last quarter. Finally, HTLF Bank lifted its stake in B2Gold by 25.9% during the second quarter. HTLF Bank now owns 146,020 shares of the company’s stock worth $394,000 after purchasing an additional 30,000 shares during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. CIBC raised their price objective on B2Gold from $3.40 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Jefferies Financial Group boosted their price target on shares of B2Gold from $3.50 to $4.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Cibc World Mkts raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3.75.

B2Gold Stock Performance

Shares of B2Gold stock opened at $2.80 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 1.97. B2Gold Corp. has a 52-week low of $2.34 and a 52-week high of $3.46. The business has a 50 day moving average price of $2.82. The company has a market capitalization of $3.66 billion, a PE ratio of -93.33, a price-to-earnings-growth ratio of 0.42 and a beta of 1.12.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.71%. B2Gold’s dividend payout ratio is currently -533.33%.

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.