Vanguard Personalized Indexing Management LLC Has $219,000 Stock Position in B2Gold Corp. $BTG

Vanguard Personalized Indexing Management LLC lifted its stake in B2Gold Corp. (NYSE:BTG) by 24.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,790 shares of the company’s stock after acquiring an additional 11,968 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in B2Gold were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BTG. Sumitomo Mitsui Trust Group Inc. acquired a new stake in B2Gold during the first quarter worth $278,000. Euro Pacific Asset Management LLC boosted its stake in B2Gold by 19.3% during the second quarter. Euro Pacific Asset Management LLC now owns 6,953,735 shares of the company’s stock worth $25,105,000 after buying an additional 1,124,681 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in B2Gold by 58.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 188,530 shares of the company’s stock worth $536,000 after buying an additional 69,177 shares in the last quarter. Amundi boosted its stake in B2Gold by 33.3% during the first quarter. Amundi now owns 10,849,897 shares of the company’s stock worth $31,682,000 after buying an additional 2,710,857 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in B2Gold during the first quarter worth $2,342,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a research note on Thursday. Zacks Research downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. CIBC lifted their price target on shares of B2Gold from $4.50 to $6.50 and gave the stock a “neutral” rating in a research note on Friday, October 10th. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research note on Wednesday, July 16th. Finally, Raymond James Financial lifted their price objective on B2Gold from $4.75 to $6.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.25.

B2Gold Stock Performance

B2Gold stock opened at $5.21 on Friday. The stock has a 50-day simple moving average of $4.67 and a 200 day simple moving average of $3.85. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $5.94. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of -10.85, a P/E/G ratio of 0.33 and a beta of 0.45.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same period in the prior year, the firm earned $0.06 earnings per share. The firm’s revenue was up 40.5% compared to the same quarter last year. On average, research analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 10th. B2Gold’s payout ratio is currently -22.86%.

About B2Gold

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.