Easterly Investment Partners LLC Increases Stock Holdings in B2Gold Corp. (NYSE:BTG)

Easterly Investment Partners LLC boosted its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,195,610 shares of the company's stock after acquiring an additional 248,375 shares during the period. Easterly Investment Partners LLC owned approximately 0.17% of B2Gold worth $6,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold during the fourth quarter worth approximately $25,000. Groupama Asset Managment bought a new stake in shares of B2Gold during the fourth quarter worth approximately $29,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of B2Gold during the fourth quarter worth approximately $30,000. Kercheville Advisors LLC bought a new stake in shares of B2Gold during the first quarter worth approximately $31,000. Finally, Signaturefd LLC boosted its holdings in shares of B2Gold by 176.1% during the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after acquiring an additional 8,250 shares during the period. 61.40% of the stock is currently owned by institutional investors.

B2Gold Trading Down 2.3%

Shares of BTG traded down $0.08 during midday trading on Friday, hitting $3.33. The stock had a trading volume of 24,794,936 shares, compared to its average volume of 30,296,714. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.83. The firm has a market cap of $4.41 billion, a PE ratio of -6.94, a price-to-earnings-growth ratio of 0.33 and a beta of 0.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The stock's 50 day moving average is $3.48 and its 200 day moving average is $3.04.

B2Gold (NYSE:BTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 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 prior year, the business posted $0.06 EPS. The firm's revenue was up 15.3% on a year-over-year basis. As a group, analysts forecast that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, June 11th. B2Gold's dividend payout ratio is currently -17.02%.

Analyst Ratings Changes

Several brokerages have commented on BTG. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 price target for the company in a report on Monday, June 30th. CIBC reiterated a "neutral" rating and set a $4.00 price target (up from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Finally, National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.