75,056 Shares in B2Gold Corp. (NYSE:BTG) Acquired by Tidal Investments LLC

Tidal Investments LLC acquired a new stake in B2Gold Corp. (NYSE:BTG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 75,056 shares of the company's stock, valued at approximately $183,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in B2Gold by 45.4% in the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock valued at $41,000 after buying an additional 5,288 shares in the last quarter. Cadence Wealth Management LLC grew its position in shares of B2Gold by 3.5% in the fourth quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company's stock valued at $580,000 after purchasing an additional 7,990 shares during the period. Signaturefd LLC grew its position in shares of B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after purchasing an additional 8,250 shares during the period. Cantor Fitzgerald L. P. acquired a new stake in shares of B2Gold in the fourth quarter valued at about $25,000. Finally, FIL Ltd grew its position in shares of B2Gold by 37.5% in the fourth quarter. FIL Ltd now owns 38,047 shares of the company's stock valued at $93,000 after purchasing an additional 10,373 shares during the period. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Stock Up 6.8%

Shares of NYSE:BTG traded up $0.23 during trading hours on Monday, reaching $3.60. The stock had a trading volume of 80,522,316 shares, compared to its average volume of 42,705,348. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.66. The firm's 50 day moving average is $3.09 and its 200-day moving average is $2.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock 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 (NYSE:BTG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, beating 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 prior year, the firm posted $0.06 EPS. The business's revenue was up 15.3% on a year-over-year basis. Research analysts predict that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BTG. Raymond James reiterated an "outperform" rating and issued a $4.50 target price on shares of B2Gold in a research report on Friday, April 4th. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. National Bankshares restated an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. Wall Street Zen upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $4.21.

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.