Deutsche Bank AG Acquires 769,654 Shares of B2Gold Corp. $BTG

Key Points

• Deutsche Bank AG increased its stake in B2Gold Corp. by 10.2%, acquiring an additional 769,654 shares to bring its total ownership to approximately 0.63% of the company.
• B2Gold's shares have shown significant interest, with other institutional investors also increasing their stakes, leading to a collective 61.40% institutional ownership of the company.
• The company recently declared a quarterly dividend of $0.02 per share, marking a 2.1% yield for investors, with the ex-dividend date set for September 10th.

Deutsche Bank AG boosted its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,308,511 shares of the company's stock after purchasing an additional 769,654 shares during the period. Deutsche Bank AG owned approximately 0.63% of B2Gold worth $23,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of B2Gold by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,159,864 shares of the company's stock worth $11,821,000 after buying an additional 212,948 shares during the period. Vanguard Group Inc. boosted its position in shares of B2Gold by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 54,099,978 shares of the company's stock valued at $153,752,000 after acquiring an additional 1,089,501 shares in the last quarter. Advyzon Investment Management LLC bought a new position in B2Gold during the 1st quarter valued at about $123,000. Ruffer LLP grew its holdings in shares of B2Gold by 10.7% during the first quarter. Ruffer LLP now owns 4,663,540 shares of the company's stock worth $13,291,000 after purchasing an additional 450,478 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of B2Gold by 37.6% in the first quarter. Bank of Nova Scotia now owns 881,477 shares of the company's stock worth $2,506,000 after acquiring an additional 240,646 shares during the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Stock Down 1.2%

Shares of NYSE:BTG traded down $0.05 during trading on Monday, hitting $3.86. 11,581,133 shares of the company's stock traded hands, compared to its average volume of 42,088,035. B2Gold Corp. has a 52 week low of $2.20 and a 52 week high of $3.94. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.10 billion, a price-to-earnings ratio of -8.05, a price-to-earnings-growth ratio of 0.33 and a beta of 0.39. The company has a 50-day moving average price of $3.59 and a 200-day moving average price of $3.20.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing 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%. The firm's quarterly revenue was up 40.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, research 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 $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 2.1%. B2Gold's dividend payout ratio is presently -22.86%.

Wall Street Analysts Forecast Growth

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

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.