Burney Co. Acquires Shares of 127,530 B2Gold Corp. $BTG

Burney Co. bought a new position in B2Gold Corp. (NYSE:BTG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 127,530 shares of the company’s stock, valued at approximately $631,000.

A number of other institutional investors have also recently modified their holdings of BTG. Steward Partners Investment Advisory LLC raised its position in shares of B2Gold by 875.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company’s stock worth $35,000 after purchasing an additional 8,750 shares during the last quarter. International Assets Investment Management LLC bought a new stake in B2Gold during the 2nd quarter valued at about $36,000. Sagard Holdings Management Inc. purchased a new position in B2Gold in the second quarter worth about $39,000. Comprehensive Money Management Services LLC purchased a new position in B2Gold in the second quarter worth about $40,000. Finally, James Investment Research Inc. bought a new position in shares of B2Gold in the second quarter worth approximately $41,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Price Performance

Shares of BTG opened at $4.80 on Monday. The firm has a fifty day simple moving average of $4.50 and a two-hundred day simple moving average of $4.23. The firm has a market cap of $6.43 billion, a PE ratio of -10.00, a P/E/G ratio of 0.33 and a beta of 0.59. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $5.94.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The firm’s quarterly revenue was up 74.7% on a year-over-year basis. During the same period last year, the company earned $0.02 earnings per share. On average, equities analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.08 annualized dividend and a dividend yield of 1.7%. B2Gold’s dividend payout ratio is presently 57.14%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BTG. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Raymond James Financial lifted their target price on B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. CIBC dropped their price objective on B2Gold to $6.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Finally, Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a report on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.00.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based gold producer headquartered in Vancouver, British Columbia. Founded in 2007, the company focuses on the acquisition, exploration, development and operation of gold mining properties in emerging markets. Since its inception, B2Gold has grown into a mid-tier producer with a portfolio of operating mines, advanced-stage development assets and exploration projects.

The company’s principal operations include the Fekola mine in Mali, the Otjikoto mine in Namibia, the Masbate mine in the Philippines and the La Libertad mine in Nicaragua.