Jump Financial LLC Has $2.27 Million Stake in B2Gold Corp. $BTG

Key Points

• Jump Financial LLC increased its stake in B2Gold Corp. by 262.8% during the first quarter, now holding 795,742 shares valued at approximately $2.27 million.
• Analysts have mixed opinions on B2Gold, with a majority holding a Hold rating, while the average price target is set at $4.31 per share.
• B2Gold recently announced a quarterly dividend of $0.02 per share, representing an annualized yield of 2.0%, with the payout date scheduled for September 23rd.

Jump Financial LLC lifted its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 262.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 795,742 shares of the company's stock after purchasing an additional 576,402 shares during the period. Jump Financial LLC owned 0.06% of B2Gold worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Cantor Fitzgerald L. P. acquired a new position in B2Gold in the 4th quarter valued at $25,000. Independent Wealth Network Inc. bought a new stake in shares of B2Gold in the first quarter valued at about $28,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of B2Gold in the fourth quarter valued at about $30,000. Kercheville Advisors LLC acquired a new position in shares of B2Gold in the first quarter valued at about $31,000. Finally, Walker Asset Management LLC bought a new position in B2Gold during the first quarter worth about $32,000. 61.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on BTG. Wall Street Zen upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a research note 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 research report on Monday, June 30th. Zacks Research downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. CIBC restated a "neutral" rating and set a $4.00 price objective (up previously from $3.60) on shares of B2Gold in a research note on Tuesday, July 15th. Finally, National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, B2Gold currently has an average rating of "Hold" and an average price target of $4.31.

B2Gold Price Performance

BTG stock opened at $4.05 on Wednesday. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of -8.44, a P/E/G ratio of 0.33 and a beta of 0.39. 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 company has a 50 day simple moving average of $3.62 and a 200 day simple moving average of $3.26. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $4.05.

B2Gold (NYSE:BTG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The firm's revenue was up 40.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. Research analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's dividend payout ratio is presently -22.86%.

About B2Gold

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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