Amundi Buys 2,710,857 Shares of B2Gold Corp. $BTG

Key Points

• Amundi increased its holdings in B2Gold Corp. by 33.3%, owning approximately 10.8 million shares worth about $31.7 million after purchasing additional shares in Q1.
• Equities analysts have mixed opinions on B2Gold, with price targets ranging from $4.00 to $4.50 and a consensus rating of Hold.
• B2Gold announced a quarterly dividend of $0.02 per share, resulting in an annualized dividend yield of 1.9%, with the ex-dividend date set for September 10th.

Amundi boosted its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 33.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,849,897 shares of the company's stock after purchasing an additional 2,710,857 shares during the period. Amundi owned about 0.82% of B2Gold worth $31,682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BTG. Schonfeld Strategic Advisors LLC purchased a new stake in B2Gold in the 4th quarter worth approximately $30,000. Bank of America Corp DE lifted its holdings in B2Gold by 577.0% in the 4th quarter. Bank of America Corp DE now owns 4,519,757 shares of the company's stock worth $11,028,000 after buying an additional 3,852,095 shares during the period. Deutsche Bank AG lifted its holdings in B2Gold by 5.9% in the fourth quarter. Deutsche Bank AG now owns 7,538,857 shares of the company's stock worth $18,395,000 after buying an additional 417,070 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in B2Gold by 5.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 8,800,628 shares of the company's stock worth $21,490,000 after buying an additional 446,601 shares during the period. Finally, Invenomic Capital Management LP lifted its holdings in B2Gold by 30.5% in the fourth quarter. Invenomic Capital Management LP now owns 1,116,489 shares of the company's stock worth $2,724,000 after buying an additional 260,645 shares during the period. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Stock Up 0.3%

Shares of BTG traded up $0.02 on Friday, hitting $4.47. 17,493,642 shares of the stock traded hands, compared to its average volume of 41,312,906. The company has a market capitalization of $5.91 billion, a PE ratio of -9.30, a P/E/G ratio of 0.33 and a beta of 0.42. 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 business has a 50 day simple moving average of $3.76 and a 200 day simple moving average of $3.39. B2Gold Corp. has a one year low of $2.20 and a one year high of $4.55.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. B2Gold's revenue for the quarter was up 40.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. As a group, equities analysts forecast 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 Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's payout ratio is -22.86%.

Analyst Upgrades and Downgrades

BTG has been the subject of several research analyst reports. Zacks Research lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 target price for the company in a report on Monday, June 30th. CIBC reiterated a "neutral" rating and set a $4.00 target price (up from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Finally, National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $4.31.

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.