Invesco Ltd. Buys 3,804,209 Shares of B2Gold Corp. $BTG

Key Points

• Invesco Ltd. increased its stake in B2Gold Corp. by 23.8%, owning a total of 19,791,594 shares worth approximately $56.41 million after buying 3,804,209 shares in the first quarter.
• B2Gold recently reported $0.12 EPS for the last quarter, which fell short of analysts' expectations of $0.13, despite a 40.5% increase in quarterly revenue compared to the previous year.
• The company declared a $0.02 quarterly dividend with a yield of 2.1%, set to be paid on September 23rd, and has a negative net margin of 33.12%

Invesco Ltd. lifted its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 23.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,791,594 shares of the company's stock after buying an additional 3,804,209 shares during the period. Invesco Ltd. owned approximately 1.50% of B2Gold worth $56,406,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BTG. Bank of America Corp DE increased its holdings in shares of B2Gold by 577.0% in the fourth quarter. Bank of America Corp DE now owns 4,519,757 shares of the company's stock worth $11,028,000 after buying an additional 3,852,095 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of B2Gold by 62.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,499,738 shares of the company's stock worth $21,319,000 after buying an additional 2,891,950 shares during the period. Two Sigma Advisers LP increased its holdings in shares of B2Gold by 15.7% in the fourth quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company's stock worth $50,448,000 after buying an additional 2,799,520 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of B2Gold in the fourth quarter worth about $2,704,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of B2Gold by 210.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,608,343 shares of the company's stock worth $3,924,000 after buying an additional 1,090,768 shares during the period. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Stock Up 1.9%

B2Gold stock traded up $0.0750 during trading hours on Friday, hitting $3.9750. 16,377,644 shares of the stock traded hands, compared to its average volume of 41,662,477. The firm's 50-day moving average price is $3.61 and its two-hundred day moving average price is $3.23. 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 $5.26 billion, a PE ratio of -8.28, a PEG ratio of 0.33 and a beta of 0.39. B2Gold Corp. has a one year low of $2.20 and a one year high of $4.01.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data 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 business's revenue was up 40.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. On average, research analysts forecast that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders 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 yield of 2.0%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's payout ratio is presently -22.86%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen upgraded B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Raymond James Financial upgraded B2Gold to a "moderate buy" rating and set a $4.50 price target on the stock in a report on Monday, June 30th. Zacks Research downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. National Bankshares restated an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. Finally, CIBC restated a "neutral" rating and set a $4.00 price target (up previously from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.