Ashton Thomas Private Wealth LLC Has $720,000 Stock Holdings in B2Gold Corp. $BTG

Ashton Thomas Private Wealth LLC grew its position in B2Gold Corp. (NYSE:BTG) by 26.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,741 shares of the company’s stock after purchasing an additional 42,211 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in B2Gold were worth $720,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BTG. Cambridge Investment Research Advisors Inc. raised its holdings in B2Gold by 58.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 188,530 shares of the company’s stock worth $536,000 after acquiring an additional 69,177 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in B2Gold during the first quarter valued at about $278,000. Easterly Investment Partners LLC grew its position in shares of B2Gold by 12.8% in the first quarter. Easterly Investment Partners LLC now owns 2,195,610 shares of the company’s stock valued at $6,257,000 after purchasing an additional 248,375 shares during the last quarter. Independent Wealth Network Inc. bought a new position in shares of B2Gold in the first quarter worth about $28,000. Finally, Cadence Wealth Management LLC increased its stake in shares of B2Gold by 22.8% in the first quarter. Cadence Wealth Management LLC now owns 291,889 shares of the company’s stock worth $832,000 after purchasing an additional 54,193 shares during the period. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Up 2.1%

NYSE BTG opened at $4.87 on Friday. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $5.94. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of -10.15, a PEG ratio of 0.33 and a beta of 0.45. The stock’s 50 day moving average is $4.76 and its two-hundred day moving average is $3.91. 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 (NYSE:BTG) last issued its 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 positive return on equity of 5.65% and a negative net margin of 33.12%.The company’s quarterly revenue was up 40.5% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Equities analysts forecast that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.6%. B2Gold’s dividend payout ratio (DPR) is presently -22.86%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. CIBC increased their target price on B2Gold from $4.50 to $6.50 and gave the company a “neutral” rating in a research note on Friday, October 10th. Zacks Research cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. National Bankshares reaffirmed an “outperform” rating on shares of B2Gold in a research report on Wednesday, July 16th. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a research note on Thursday, October 23rd. Finally, Raymond James Financial increased their price target on shares of B2Gold from $4.75 to $6.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, B2Gold currently has an average rating of “Hold” and a consensus price target of $6.25.

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.