Two Sigma Advisers LP Acquires 2,799,520 Shares of B2Gold Corp. (NYSE:BTG)

Two Sigma Advisers LP increased its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 15.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,675,400 shares of the company's stock after purchasing an additional 2,799,520 shares during the period. Two Sigma Advisers LP owned 1.57% of B2Gold worth $50,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in shares of B2Gold by 23.7% during the 3rd quarter. Barclays PLC now owns 910,558 shares of the company's stock worth $2,804,000 after purchasing an additional 174,477 shares during the period. JPMorgan Chase & Co. boosted its position in B2Gold by 525.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company's stock worth $1,594,000 after purchasing an additional 434,775 shares during the period. Euro Pacific Asset Management LLC grew its stake in shares of B2Gold by 0.8% in the fourth quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company's stock valued at $13,924,000 after buying an additional 45,605 shares in the last quarter. KG&L Capital Management LLC grew its position in B2Gold by 15.6% in the fourth quarter. KG&L Capital Management LLC now owns 146,000 shares of the company's stock valued at $356,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in B2Gold by 146.3% during the 4th quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company's stock worth $1,333,000 after buying an additional 324,491 shares during the period. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Price Performance

Shares of NYSE BTG traded up $0.06 during trading on Friday, hitting $3.36. The company had a trading volume of 42,293,325 shares, compared to its average volume of 24,753,354. The company has a market cap of $4.44 billion, a P/E ratio of -7.00, a PEG ratio of 0.33 and a beta of 0.43. 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's 50-day moving average is $3.07 and its 200 day moving average is $2.79. B2Gold Corp. has a 52 week low of $2.20 and a 52 week high of $3.51.

B2Gold (NYSE:BTG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same period in the previous year, the business earned $0.06 earnings per share. The business's quarterly revenue was up 15.3% on a year-over-year basis. Equities research analysts predict that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.38%. B2Gold's dividend payout ratio is -17.02%.

Analysts Set New Price Targets

BTG has been the topic of several analyst reports. CIBC lifted their price objective on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. TD Securities downgraded B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. National Bankshares restated an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. Finally, Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, B2Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.21.

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.