Concurrent Investment Advisors LLC Acquires 5,257 Shares of B2Gold Corp. (NYSE:BTG)

Concurrent Investment Advisors LLC grew its holdings in B2Gold Corp. (NYSE:BTG) by 24.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,513 shares of the company’s stock after purchasing an additional 5,257 shares during the period. Concurrent Investment Advisors LLC’s holdings in B2Gold were worth $82,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC increased its holdings in shares of B2Gold by 133.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock worth $5,334,000 after purchasing an additional 1,131,534 shares in the last quarter. Old West Investment Management LLC bought a new stake in shares of B2Gold in the third quarter worth $1,340,000. Continuum Advisory LLC bought a new stake in shares of B2Gold in the second quarter worth $40,000. DekaBank Deutsche Girozentrale bought a new stake in shares of B2Gold in the second quarter worth $927,000. Finally, Van ECK Associates Corp grew its holdings in shares of B2Gold by 40.6% in the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock worth $566,312,000 after acquiring an additional 47,967,010 shares during the period. Institutional investors own 61.40% of the company’s stock.

B2Gold Stock Down 1.8 %

Shares of B2Gold stock opened at $2.76 on Wednesday. The firm has a 50-day simple moving average of $3.16. B2Gold Corp. has a 52 week low of $2.34 and a 52 week high of $3.50. The stock has a market capitalization of $3.62 billion, a P/E ratio of -5.03, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 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 7.18%. The business had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. B2Gold’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts expect that B2Gold Corp. will post 0.25 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be given a $0.04 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.80%. B2Gold’s dividend payout ratio is currently -28.57%.

Wall Street Analyst Weigh In

BTG has been the subject of several research analyst reports. StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. CIBC boosted their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 price target on shares of B2Gold in a report on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.