Deutsche Bank AG lifted its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,538,857 shares of the company's stock after acquiring an additional 417,070 shares during the quarter. Deutsche Bank AG owned approximately 0.57% of B2Gold worth $18,395,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in BTG. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold during the fourth quarter worth $25,000. Groupama Asset Managment bought a new stake in shares of B2Gold during the fourth quarter worth $29,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of B2Gold during the fourth quarter worth $30,000. Signaturefd LLC raised its position in shares of B2Gold by 176.1% during the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after acquiring an additional 8,250 shares during the last quarter. Finally, Carrera Capital Advisors bought a new stake in shares of B2Gold during the fourth quarter worth $39,000. Institutional investors own 61.40% of the company's stock.
B2Gold Trading Up 0.3%
NYSE:BTG traded up $0.01 on Friday, reaching $2.95. The company's stock had a trading volume of 36,238,429 shares, compared to its average volume of 24,058,661. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The firm has a market cap of $3.89 billion, a PE ratio of -6.15, a PEG ratio of 0.33 and a beta of 0.43. The business's 50-day moving average price is $3.05 and its two-hundred day moving average price is $2.79.
B2Gold (NYSE:BTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 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 $0.06 earnings per share. The company's revenue was up 15.3% compared to the same quarter last year. Equities research analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.
B2Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 2.71%. B2Gold's dividend payout ratio is currently -17.02%.
Analyst Ratings Changes
A number of brokerages recently commented on BTG. Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. StockNews.com raised B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, CIBC lifted their price objective on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, B2Gold presently has an average rating of "Moderate Buy" and a consensus price target of $4.21.
Get Our Latest Report on B2Gold
B2Gold Company Profile
(
Free Report)
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.
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