Quantbot Technologies LP Boosts Holdings in B2Gold Corp. $BTG

Quantbot Technologies LP boosted its stake in B2Gold Corp. (NYSE:BTG) by 313.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,811,137 shares of the company’s stock after acquiring an additional 2,130,635 shares during the period. Quantbot Technologies LP owned about 0.21% of B2Gold worth $10,148,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BTG. Norges Bank acquired a new stake in shares of B2Gold during the second quarter worth about $60,516,000. Pale Fire Capital SE increased its position in B2Gold by 23.7% during the first quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company’s stock worth $184,789,000 after buying an additional 12,419,383 shares during the period. Nuveen LLC purchased a new stake in B2Gold in the first quarter valued at approximately $24,949,000. Goldman Sachs Group Inc. boosted its holdings in shares of B2Gold by 181.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,158,787 shares of the company’s stock valued at $23,253,000 after acquiring an additional 5,262,266 shares during the period. Finally, American Century Companies Inc. grew its position in shares of B2Gold by 17.1% during the first quarter. American Century Companies Inc. now owns 26,524,336 shares of the company’s stock worth $75,435,000 after acquiring an additional 3,865,565 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Stock Down 0.4%

BTG opened at $4.60 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. 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 $6.15 billion, a P/E ratio of -9.58, a P/E/G ratio of 0.33 and a beta of 0.44. The business has a 50 day simple moving average of $4.71 and a 200-day simple moving average of $4.07.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share (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%.During the same period in the previous year, the business earned $0.02 earnings per share. B2Gold’s revenue for the quarter was up 74.7% on a year-over-year basis. On average, equities analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on BTG shares. Raymond James Financial upped their price target on shares of B2Gold from $4.75 to $6.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. CIBC dropped their price objective on shares of B2Gold to $6.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Zacks Research lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of B2Gold in a research note on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, B2Gold currently has a consensus rating of “Hold” and an average target price of $6.00.

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.