Easterly Investment Partners LLC Raises Holdings in B2Gold Corp. $BTG

Key Points

• Easterly Investment Partners LLC increased its stake in B2Gold Corp. by 23.5%, owning approximately 0.20% of the company with a value of $9.78 million after purchasing 515,507 additional shares.
• Multiple hedge funds have also boosted their positions in B2Gold, with Pale Fire Capital raising its stake by 23.7% and Vanguard Group increasing its stake by 2.1%.
• B2Gold recently announced a quarterly dividend of $0.02 per share, which translates to an annualized yield of 1.3% amidst a financial performance where it reported a negative net margin of 33.12%.

Easterly Investment Partners LLC increased its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 23.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,711,117 shares of the company's stock after purchasing an additional 515,507 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.20% of B2Gold worth $9,787,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Pale Fire Capital SE lifted its stake 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. Vanguard Group Inc. increased its position in 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 buying an additional 1,089,501 shares in the last quarter. American Century Companies Inc. increased its position in B2Gold by 17.1% during the 1st quarter. American Century Companies Inc. now owns 26,524,336 shares of the company's stock valued at $75,435,000 after buying an additional 3,865,565 shares in the last quarter. Invesco Ltd. increased its position in B2Gold by 23.8% during the 1st quarter. Invesco Ltd. now owns 19,791,594 shares of the company's stock valued at $56,406,000 after buying an additional 3,804,209 shares in the last quarter. Finally, Amundi increased its position in B2Gold by 33.3% during the 1st quarter. Amundi now owns 10,849,897 shares of the company's stock valued at $31,682,000 after buying an additional 2,710,857 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BTG shares. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. Raymond James Financial upped their target price on B2Gold from $4.75 to $6.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. Zacks Research lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, CIBC increased their price objective on B2Gold from $4.50 to $6.50 and gave the company a "neutral" rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $6.25.

B2Gold Trading Up 4.8%

B2Gold stock opened at $5.94 on Friday. The firm has a market cap of $7.86 billion, a PE ratio of -12.38, a P/E/G ratio of 0.33 and a beta of 0.45. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $5.94. The stock's 50 day simple moving average is $4.48 and its two-hundred day simple moving average is $3.74. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) 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 business's revenue was up 40.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. Analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. B2Gold's dividend payout ratio (DPR) is -22.86%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.