Public Employees Retirement System of Ohio Buys Shares of 516,180 B2Gold Corp. (NYSE:BTG)

Public Employees Retirement System of Ohio bought a new stake in shares of B2Gold Corp. (NYSE:BTG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 516,180 shares of the company’s stock, valued at approximately $1,597,000.

Several other hedge funds have also bought and sold shares of the stock. E&G Advisors LP bought a new stake in shares of B2Gold in the 3rd quarter worth approximately $31,000. Private Advisor Group LLC bought a new stake in shares of B2Gold in the 3rd quarter worth approximately $33,000. Flow Traders U.S. LLC bought a new stake in shares of B2Gold in the 3rd quarter worth approximately $35,000. HighTower Advisors LLC bought a new stake in shares of B2Gold in the 3rd quarter worth approximately $36,000. Finally, Blue Trust Inc. lifted its holdings in shares of B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after acquiring an additional 5,764 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on BTG shares. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their target price on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. CIBC lifted their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Stock Performance

Shares of BTG opened at $2.49 on Thursday. 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 one year low of $2.34 and a one year high of $3.50. The firm has a market capitalization of $3.27 billion, a P/E ratio of -4.45, a PEG ratio of 0.53 and a beta of 1.08. The business has a fifty day moving average of $2.99 and a 200 day moving average 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, sell-side analysts anticipate that B2Gold Corp. will post 0.23 EPS for the current year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were given a $0.04 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 6.43%. B2Gold’s payout ratio is -28.57%.

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.