International Assets Investment Management LLC Acquires 28,106 Shares of B2Gold Corp. (NYSE:BTG)

International Assets Investment Management LLC raised its holdings in shares of B2Gold Corp. (NYSE:BTG) by 220.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 40,878 shares of the company’s stock after buying an additional 28,106 shares during the period. International Assets Investment Management LLC’s holdings in B2Gold were worth $1,260,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BTG. E&G Advisors LP bought a new position in shares of B2Gold in the third quarter valued at $31,000. Private Advisor Group LLC acquired a new stake in B2Gold during the 3rd quarter valued at $33,000. Continuum Advisory LLC acquired a new stake in B2Gold during the 2nd quarter valued at $40,000. Baader Bank Aktiengesellschaft acquired a new stake in B2Gold during the 2nd quarter valued at $42,000. Finally, Blue Trust Inc. lifted its holdings in 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 purchasing an additional 5,764 shares during the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Performance

B2Gold stock opened at $3.28 on Tuesday. The company has a market cap of $4.31 billion, a PE ratio of -29.82, a price-to-earnings-growth ratio of 2.72 and a beta of 1.13. B2Gold Corp. has a 52-week low of $2.34 and a 52-week high of $3.50. The stock’s 50 day simple moving average is $3.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74.

B2Gold (NYSE:BTG) last issued its earnings results on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm had revenue of $492.57 million during the quarter. On average, equities research analysts forecast that B2Gold Corp. will post 0.25 EPS for the current year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is presently -145.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BTG shares. CIBC raised 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 downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a research report on Tuesday, September 17th. Finally, Jefferies Financial Group lifted their target price on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.