Millennium Management LLC Purchases 359,787 Shares of B2Gold Corp. (NYSE:BTG)

Millennium Management LLC increased its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 39.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,282,528 shares of the company's stock after buying an additional 359,787 shares during the period. Millennium Management LLC owned 0.10% of B2Gold worth $3,130,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in B2Gold by 20.4% in the 4th quarter. Alliancebernstein L.P. now owns 163,503 shares of the company's stock valued at $399,000 after purchasing an additional 27,720 shares during the period. Barclays PLC boosted its holdings in B2Gold by 23.7% in the 3rd quarter. Barclays PLC now owns 910,558 shares of the company's stock valued at $2,804,000 after purchasing an additional 174,477 shares during the period. Vanguard Group Inc. boosted its holdings in B2Gold by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock valued at $129,823,000 after purchasing an additional 1,165,204 shares during the period. Norges Bank bought a new stake in B2Gold in the 4th quarter valued at about $40,192,000. Finally, Sprott Inc. boosted its holdings in B2Gold by 10.1% in the 4th quarter. Sprott Inc. now owns 3,081,222 shares of the company's stock valued at $7,518,000 after purchasing an additional 282,774 shares during the period. Institutional investors own 61.40% of the company's stock.

B2Gold Price Performance

BTG stock traded up $0.23 during trading on Monday, reaching $3.60. 80,522,311 shares of the company were exchanged, compared to its average volume of 25,674,505. The company has a 50-day moving average of $3.09 and a two-hundred day moving average of $2.81. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of -7.50, a P/E/G ratio of 0.33 and a beta of 0.43. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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 previous year, the business posted $0.06 earnings per share. The business's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities analysts predict that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, June 11th. B2Gold's payout ratio is -17.02%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. National Bankshares reissued an "outperform" rating on shares of B2Gold in a report on Wednesday, April 2nd. Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Raymond James restated an "outperform" rating and issued a $4.50 target price on shares of B2Gold in a research report on Friday, April 4th. Finally, CIBC boosted their target price on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4.21.

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.