Campbell & CO Investment Adviser LLC Acquires Shares of 261,049 B2Gold Corp. $BTG

Key Points

• Campbell & CO Investment Adviser LLC opened a new position in B2Gold (NYSE:BTG) in Q3, buying 261,049 shares worth approximately $1.29 million.
• Multiple large institutions also increased exposure—Arrowstreet boosted holdings to 34.3M shares (~$123.9M), Norges Bank initiated a ~$60.5M stake and Goldman Sachs raised its position—resulting in institutional ownership of about 61.4%.
• B2Gold recently beat quarterly EPS estimates ($0.14 vs $0.13) with revenue up 74.7% YoY, pays a quarterly dividend of $0.02 (annualized yield ~1.7%), and carries a market cap of $6.14 billion with a consensus Hold rating (avg. target ~$6.25).

Campbell & CO Investment Adviser LLC bought a new position in B2Gold Corp. (NYSE:BTG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 261,049 shares of the company's stock, valued at approximately $1,292,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in B2Gold by 119.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,306,804 shares of the company's stock worth $123,897,000 after buying an additional 18,703,995 shares during the period. Norges Bank purchased a new stake in shares of B2Gold during the second quarter worth $60,516,000. Goldman Sachs Group Inc. boosted its holdings in shares of B2Gold by 181.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,158,787 shares of the company's stock worth $23,253,000 after acquiring an additional 5,262,266 shares during the period. American Century Companies Inc. grew its position in shares of B2Gold by 12.1% in the second quarter. American Century Companies Inc. now owns 29,730,477 shares of the company's stock valued at $107,397,000 after purchasing an additional 3,206,141 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of B2Gold by 120.1% in the second quarter. Legal & General Group Plc now owns 5,313,283 shares of the company's stock valued at $19,159,000 after purchasing an additional 2,898,933 shares in the last quarter. Institutional investors own 61.40% of the company's stock.

B2Gold Trading Down 1.1%

Shares of B2Gold stock opened at $4.58 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $5.94. The firm has a market cap of $6.14 billion, a PE ratio of -9.54, a PEG ratio of 0.33 and a beta of 0.60. The company has a 50 day simple moving average of $4.46 and a two-hundred day simple moving average of $4.33.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, beating 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%. During the same quarter in the previous year, the company posted $0.02 EPS. The business's quarterly revenue was up 74.7% on a year-over-year basis. Analysts expect that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.08 annualized dividend and a yield of 1.7%. B2Gold's payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

BTG has been the topic of a number of recent research reports. Raymond James Financial reissued an "outperform" rating and set a $6.50 price objective on shares of B2Gold in a report on Wednesday. Scotiabank reissued a "sector perform" rating on shares of B2Gold in a report on Thursday, October 23rd. CIBC cut their price objective on shares of B2Gold to $6.00 and set a "neutral" rating for the company in a research report on Friday, November 21st. Finally, Cormark lowered shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Friday, November 7th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $6.25.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based gold producer headquartered in Vancouver, British Columbia. Founded in 2007, the company focuses on the acquisition, exploration, development and operation of gold mining properties in emerging markets. Since its inception, B2Gold has grown into a mid-tier producer with a portfolio of operating mines, advanced-stage development assets and exploration projects.

The company's principal operations include the Fekola mine in Mali, the Otjikoto mine in Namibia, the Masbate mine in the Philippines and the La Libertad mine in Nicaragua.

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