Tidal Investments LLC Acquires Shares of 75,056 B2Gold Corp. (NYSE:BTG)

Tidal Investments LLC acquired a new stake in shares of B2Gold Corp. (NYSE:BTG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 75,056 shares of the company’s stock, valued at approximately $183,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of B2Gold by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company’s stock worth $129,823,000 after buying an additional 1,165,204 shares during the period. Renaissance Technologies LLC grew its position in shares of B2Gold by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company’s stock worth $66,335,000 after buying an additional 272,300 shares during the period. Dimensional Fund Advisors LP grew its position in shares of B2Gold by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company’s stock worth $59,510,000 after buying an additional 130,638 shares during the period. American Century Companies Inc. grew its position in shares of B2Gold by 31.3% in the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company’s stock worth $55,436,000 after buying an additional 5,401,334 shares during the period. Finally, Norges Bank purchased a new stake in shares of B2Gold in the 4th quarter worth about $40,192,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BTG. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. Raymond James reaffirmed an “outperform” rating and issued a $4.50 target price on shares of B2Gold in a research report on Friday, April 4th. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 22nd. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research note on Wednesday, April 2nd. Finally, CIBC upped their price target on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

B2Gold Stock Performance

Shares of B2Gold stock opened at $3.37 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of -7.02, a PEG ratio of 0.33 and a beta of 0.43. The firm’s 50-day moving average is $3.09 and its 200 day moving average is $2.81. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.51.

B2Gold (NYSE:BTG) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. B2Gold’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Sell-side analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a yield of 2.37%. B2Gold’s dividend payout ratio is presently -17.02%.

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.