Ruffer LLP Increases Position in B2Gold Corp. (NYSE:BTG)

Key Points

• Ruffer LLP increased its stake in B2Gold Corp. by 10.7%, owning approximately 4.66 million shares valued at about $13.29 million following recent purchases.
• The company reported positive earnings with an EPS of $0.09, surpassing estimates, and witnessed a 15.3% year-over-year revenue increase.
• B2Gold announced a $0.02 quarterly dividend representing a yield of 2.3%, while analysts have a mixed consensus rating on the stock with a price target of $4.31.

Ruffer LLP increased its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,663,540 shares of the company's stock after acquiring an additional 450,478 shares during the quarter. Ruffer LLP owned about 0.35% of B2Gold worth $13,291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cantor Fitzgerald L. P. acquired a new stake in B2Gold in the 4th quarter worth approximately $25,000. Independent Wealth Network Inc. purchased a new position in shares of B2Gold in the first quarter worth $28,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of B2Gold during the fourth quarter worth $30,000. Kercheville Advisors LLC purchased a new stake in shares of B2Gold during the first quarter valued at $31,000. Finally, Walker Asset Management LLC purchased a new stake in shares of B2Gold during the first quarter valued at $32,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Stock Performance

BTG traded down $0.25 during trading on Friday, hitting $3.58. The stock had a trading volume of 42,304,406 shares, compared to its average volume of 42,544,254. The firm has a market capitalization of $4.74 billion, a P/E ratio of -7.46, a PEG ratio of 0.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.84. The company's 50-day moving average price is $3.57 and its 200 day moving average price is $3.13.

B2Gold (NYSE:BTG - Get Free Report) last released 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 company posted $0.06 earnings per share. The firm's revenue for the quarter was up 40.5% on a year-over-year basis. On average, equities research analysts forecast that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BTG shares. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. CIBC reaffirmed a "neutral" rating and issued a $4.00 price target (up 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 price target on the stock in a research note on Monday, June 30th. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $4.31.

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.