Cubist Systematic Strategies LLC Invests $2.34 Million in B2Gold Corp. $BTG

Key Points

• Cubist Systematic Strategies LLC has invested approximately $2.34 million in B2Gold Corp. by acquiring 823,190 shares in the first quarter of 2023.
• B2Gold's recent quarterly earnings report showed earnings per share of $0.12, which fell short of analysts' expectations by $0.01, yet its revenue increased by 40.5% year-over-year.
• The company has declared a quarterly dividend of $0.02 per share, resulting in an annualized yield of 1.9%, with the dividend payout ratio currently at -22.86%.

Cubist Systematic Strategies LLC acquired a new stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 823,190 shares of the company's stock, valued at approximately $2,342,000. Cubist Systematic Strategies LLC owned approximately 0.06% of B2Gold at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pale Fire Capital SE boosted its holdings in shares of B2Gold by 23.7% during the 1st quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company's stock worth $184,789,000 after purchasing an additional 12,419,383 shares during the last quarter. Nuveen LLC purchased a new position in B2Gold during the first quarter worth about $24,949,000. American Century Companies Inc. boosted its holdings in B2Gold by 17.1% in the 1st quarter. American Century Companies Inc. now owns 26,524,336 shares of the company's stock valued at $75,435,000 after purchasing an additional 3,865,565 shares during the last quarter. Bank of America Corp DE grew its stake in shares of B2Gold by 577.0% in the 4th quarter. Bank of America Corp DE now owns 4,519,757 shares of the company's stock valued at $11,028,000 after buying an additional 3,852,095 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of B2Gold by 23.8% during the 1st quarter. Invesco Ltd. now owns 19,791,594 shares of the company's stock worth $56,406,000 after buying an additional 3,804,209 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Stock Up 3.2%

NYSE:BTG opened at $4.17 on Friday. B2Gold Corp. has a 52 week low of $2.20 and a 52 week high of $4.34. The stock's fifty day moving average is $3.70 and its two-hundred day moving average is $3.35. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of -8.69, a price-to-earnings-growth ratio of 0.33 and a beta of 0.42. 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 (NYSE:BTG - Get Free Report) last issued its quarterly earnings data 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 negative net margin of 33.12% and a positive return on equity of 5.65%. During the same period last year, the firm earned $0.06 earnings per share. B2Gold's revenue was up 40.5% on a year-over-year basis. Research analysts anticipate 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. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's dividend payout ratio is currently -22.86%.

Wall Street Analysts Forecast Growth

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

B2Gold Company 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.

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