Euro Pacific Asset Management LLC Raises Position in B2Gold Corp. $BTG

Key Points

• Euro Pacific Asset Management LLC increased its position in B2Gold Corp. by 19.3%, now owning approximately 6.95 million shares, making B2Gold the fund's 10th largest holding.
• B2Gold reported a negative net margin of 33.12% and earnings per share of $0.12 for the last quarter, which was below analysts' expectations of $0.13.
• The company's recent quarterly dividend was $0.02 per share, representing an annualized yield of 1.6%.

Euro Pacific Asset Management LLC increased its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 19.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,953,735 shares of the company's stock after buying an additional 1,124,681 shares during the quarter. B2Gold accounts for about 4.0% of Euro Pacific Asset Management LLC's holdings, making the stock its 10th biggest holding. Euro Pacific Asset Management LLC owned approximately 0.53% of B2Gold worth $25,105,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Independent Wealth Network Inc. bought a new position in B2Gold in the first quarter valued at about $28,000. Kercheville Advisors LLC bought a new stake in shares of B2Gold during the 1st quarter valued at approximately $31,000. Walker Asset Management LLC acquired a new position in B2Gold during the 1st quarter worth approximately $32,000. OMERS ADMINISTRATION Corp acquired a new position in B2Gold during the 1st quarter worth approximately $38,000. Finally, Moors & Cabot Inc. acquired a new stake in B2Gold in the first quarter valued at approximately $41,000. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Stock Performance

NYSE BTG opened at $5.08 on Monday. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of -10.58, a PEG ratio of 0.33 and a beta of 0.45. 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 Corp. has a twelve month low of $2.20 and a twelve month high of $5.09. The stock has a fifty day simple moving average of $4.15 and a 200 day simple moving average of $3.60.

B2Gold (NYSE:BTG - Get Free Report) last issued 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%. During the same period last year, the firm posted $0.06 earnings per share. The firm's quarterly revenue was up 40.5% on a year-over-year basis. Sell-side analysts expect that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 annualized dividend and a yield of 1.6%. B2Gold's dividend payout ratio (DPR) is presently -22.86%.

Analysts Set New Price Targets

BTG has been the subject of several research analyst reports. 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. Zacks Research lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, B2Gold presently has an average rating of "Hold" and an average target price of $4.25.

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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