Nikko Asset Management Americas Inc. Invests $278,000 in B2Gold Corp. (NYSE:BTG)

Key Points

• Nikko Asset Management Americas Inc. has acquired 97,600 shares of B2Gold Corp. worth approximately $278,000, marking a significant new stake in the company.
• B2Gold reported earnings of $0.09 per share for the last quarter, surpassing estimates, with a revenue increase of 15.3% compared to the previous year.
• The company recently announced a quarterly dividend of $0.02 per share, indicating a yield of 2.31% based on an annualized payout.

Nikko Asset Management Americas Inc. purchased a new position in shares of B2Gold Corp. (NYSE:BTG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 97,600 shares of the company's stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BTG. Cantor Fitzgerald L. P. acquired a new position in shares of B2Gold in the 4th quarter worth approximately $25,000. Independent Wealth Network Inc. acquired a new stake in shares of B2Gold during the first quarter worth approximately $28,000. Groupama Asset Managment acquired a new stake in B2Gold in the fourth quarter valued at approximately $29,000. Schonfeld Strategic Advisors LLC bought a new position in B2Gold during the fourth quarter valued at about $30,000. Finally, Kercheville Advisors LLC acquired a new stake in shares of B2Gold in the first quarter worth $31,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Price Performance

Shares of NYSE:BTG traded down $0.08 during trading on Wednesday, reaching $3.36. The company had a trading volume of 13,988,572 shares, compared to its average volume of 42,680,754. The company has a fifty day moving average of $3.54 and a two-hundred day moving average of $3.08. The stock has a market capitalization of $4.44 billion, a P/E ratio of -7.01, a price-to-earnings-growth 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 $3.83. 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 Wednesday, May 7th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. The business's quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. Equities research analysts forecast that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.38%. B2Gold's dividend payout ratio is presently -17.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. CIBC reissued 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. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 target price for the company in a research note on Monday, June 30th. National Bankshares reissued an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. Finally, Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.