BNP Paribas Financial Markets Raises Stock Position in B2Gold Corp. (NYSE:BTG)

BNP Paribas Financial Markets grew its stake in B2Gold Corp. (NYSE:BTG) by 62.0% in the 3rd quarter, Holdings Channel reports. The firm owned 95,482 shares of the company’s stock after purchasing an additional 36,555 shares during the period. BNP Paribas Financial Markets’ holdings in B2Gold were worth $294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BTG. E&G Advisors LP purchased a new position in shares of B2Gold in the 3rd quarter valued at approximately $31,000. Private Advisor Group LLC bought a new position in B2Gold in the third quarter worth $33,000. Continuum Advisory LLC bought a new stake in shares of B2Gold during the 2nd quarter valued at $40,000. Blue Trust Inc. boosted its holdings in shares of B2Gold by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after buying an additional 5,764 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after buying an additional 3,500 shares during the period. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Trading Down 3.0 %

Shares of BTG stock opened at $2.62 on Monday. 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 company has a market cap of $3.44 billion, a price-to-earnings ratio of -4.68, a PEG ratio of 0.53 and a beta of 1.08. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.50. The firm has a fifty day moving average price of $3.02 and a 200-day moving average price of $2.91.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The company had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. During the same period in the prior year, the firm posted $0.05 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities analysts predict that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is -28.57%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BTG shares. Jefferies Financial Group upped their price objective on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, October 4th. CIBC raised their price objective on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, B2Gold presently has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Company 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.