B2Gold Corp. (NYSE:BTG) Shares Acquired by US Bancorp DE

Key Points

• US Bancorp DE significantly increased its stake in B2Gold Corp. by 4,920.6% in the first quarter, acquiring 73,120 additional shares to own a total of 74,606 shares worth $213,000.
• B2Gold announced a quarterly dividend of $0.02 per share, with the dividend yield currently at 2.1%.
• Despite reporting a slight miss on earnings expectations, B2Gold's quarterly revenue rose 40.5% year-over-year, demonstrating solid growth potential.

US Bancorp DE increased its position in B2Gold Corp. (NYSE:BTG - Free Report) by 4,920.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,606 shares of the company's stock after purchasing an additional 73,120 shares during the period. US Bancorp DE's holdings in B2Gold were worth $213,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Baader Bank Aktiengesellschaft acquired a new position in B2Gold in the first quarter valued at approximately $91,000. Mackenzie Financial Corp boosted its stake in B2Gold by 6.1% in the first quarter. Mackenzie Financial Corp now owns 1,081,272 shares of the company's stock valued at $3,073,000 after acquiring an additional 61,941 shares during the period. Resolute Wealth Strategies LLC acquired a new position in B2Gold in the first quarter valued at approximately $65,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in B2Gold by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 349,241 shares of the company's stock valued at $992,000 after acquiring an additional 19,237 shares during the period. Finally, TD Asset Management Inc boosted its stake in B2Gold by 0.4% in the first quarter. TD Asset Management Inc now owns 4,002,948 shares of the company's stock valued at $11,375,000 after acquiring an additional 17,784 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Trading Up 1.8%

B2Gold stock opened at $3.90 on Friday. The company's fifty day simple moving average is $3.59 and its 200-day simple moving average is $3.19. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.94. The stock has a market cap of $5.16 billion, a P/E ratio of -8.13, a P/E/G ratio of 0.33 and a beta of 0.39.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. B2Gold's quarterly revenue was up 40.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. As a group, sell-side analysts forecast that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.1%. B2Gold's dividend payout ratio is currently -22.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BTG shares. Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. CIBC reaffirmed a "neutral" rating and set a $4.00 price target (up previously from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Raymond James Financial raised B2Gold to a "moderate buy" rating and set a $4.50 price target on the stock in a report on Monday, June 30th. Finally, Wall Street Zen raised B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.31.

About B2Gold

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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