Nuveen LLC Purchases New Position in B2Gold Corp. $BTG

Nuveen LLC acquired a new stake in B2Gold Corp. (NYSE:BTG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,776,759 shares of the company's stock, valued at approximately $24,949,000. Nuveen LLC owned about 0.66% of B2Gold as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in BTG. Bank of America Corp DE raised its stake in B2Gold by 577.0% in the 4th quarter. Bank of America Corp DE now owns 4,519,757 shares of the company's stock valued at $11,028,000 after purchasing an additional 3,852,095 shares during the last quarter. Invesco Ltd. increased its stake in shares of B2Gold by 23.8% in the 1st quarter. Invesco Ltd. now owns 19,791,594 shares of the company's stock worth $56,406,000 after acquiring an additional 3,804,209 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of B2Gold by 62.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,499,738 shares of the company's stock worth $21,319,000 after acquiring an additional 2,891,950 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of B2Gold by 15.7% in the 4th quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company's stock worth $50,448,000 after acquiring an additional 2,799,520 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of B2Gold in the 4th quarter worth $2,704,000. 61.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BTG. Zacks Research downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. CIBC reiterated a "neutral" rating and set a $4.00 price target (up from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. Finally, Raymond James Financial upgraded B2Gold to a "moderate buy" rating and set a $4.50 price target for the company in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $4.31.

B2Gold Stock Performance

NYSE:BTG traded up $0.0750 during mid-day trading on Friday, hitting $3.9750. The company's stock had a trading volume of 16,377,644 shares, compared to its average volume of 41,662,477. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $4.01. 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 stock has a market cap of $5.26 billion, a price-to-earnings ratio of -8.28, a PEG ratio of 0.33 and a beta of 0.39. The business's fifty day moving average is $3.61 and its two-hundred day moving average is $3.23.

B2Gold (NYSE:BTG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates 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 earned $0.06 EPS. The company's revenue for the quarter was up 40.5% compared to the same quarter last year. Analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.0%. B2Gold's dividend payout ratio (DPR) is presently -22.86%.

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.