PKO Investment Management Joint Stock Co Invests $1.52 Million in B2Gold Corp. (NYSE:BTG)

PKO Investment Management Joint Stock Co purchased a new stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 619,000 shares of the company's stock, valued at approximately $1,516,000.

Other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in B2Gold by 20.4% during the 4th quarter. Alliancebernstein L.P. now owns 163,503 shares of the company's stock valued at $399,000 after acquiring an additional 27,720 shares during the last quarter. Barclays PLC boosted its stake in B2Gold by 23.7% during the 3rd quarter. Barclays PLC now owns 910,558 shares of the company's stock valued at $2,804,000 after acquiring an additional 174,477 shares during the last quarter. Vanguard Group Inc. boosted its stake in B2Gold by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock valued at $129,823,000 after acquiring an additional 1,165,204 shares during the last quarter. Tidal Investments LLC bought a new position in B2Gold during the 4th quarter valued at $183,000. Finally, Norges Bank bought a new position in B2Gold during the 4th quarter valued at $40,192,000. 61.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BTG shares. CIBC increased their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday, March 20th. National Bankshares restated an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Wall Street Zen upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4.21.

B2Gold Stock Performance

Shares of BTG stock traded down $0.03 during trading hours on Friday, reaching $3.37. The stock had a trading volume of 41,741,322 shares, compared to its average volume of 25,454,368. 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 Corp. has a twelve month low of $2.20 and a twelve month high of $3.51. The firm has a 50-day simple moving average of $3.09 and a 200-day simple moving average of $2.81. The firm has a market capitalization of $4.45 billion, a PE ratio of -7.02, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43.

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

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 2.37%. B2Gold's payout ratio is -17.02%.

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.