Cetera Investment Advisers Raises Stock Position in B2Gold Corp. $BTG

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Cetera Investment Advisers raised its position in B2Gold Corp. (NYSE:BTG - Free Report) by 350.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,625 shares of the company's stock after buying an additional 96,969 shares during the period. Cetera Investment Advisers' holdings in B2Gold were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTG. JPMorgan Chase & Co. increased its holdings in B2Gold by 210.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,608,343 shares of the company's stock valued at $3,924,000 after buying an additional 1,090,768 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of B2Gold by 20.4% in the fourth quarter. Alliancebernstein L.P. now owns 163,503 shares of the company's stock valued at $399,000 after purchasing an additional 27,720 shares during the period. Geode Capital Management LLC grew its position in shares of B2Gold by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 2,267,095 shares of the company's stock valued at $5,532,000 after purchasing an additional 191,574 shares during the period. Mariner LLC grew its position in shares of B2Gold by 14.0% in the fourth quarter. Mariner LLC now owns 154,282 shares of the company's stock valued at $376,000 after purchasing an additional 18,974 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of B2Gold in the fourth quarter valued at about $535,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Price Performance

BTG traded up $0.08 on Friday, reaching $3.98. 34,928,426 shares of the company's stock were exchanged, compared to its average volume of 41,805,742. The stock has a market cap of $5.27 billion, a PE ratio of -8.29, a P/E/G ratio of 0.33 and a beta of 0.39. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $4.01. The stock's fifty day moving average price is $3.61 and its 200-day moving average price is $3.24. 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 (NYSE:BTG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share 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%.The firm's revenue was up 40.5% on a year-over-year basis. During the same quarter last year, the business earned $0.06 EPS. Sell-side analysts expect that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 2.0%. B2Gold's payout ratio is presently -22.86%.

Analysts Set New Price Targets

BTG has been the topic of several research analyst reports. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. CIBC reiterated a "neutral" rating and issued a $4.00 target price (up previously from $3.60) on shares of B2Gold in a research report on Tuesday, July 15th. Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 target price on the stock in a research report on Monday, June 30th. Zacks Research lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.