Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Purchases New Stake in B2Gold Corp. (NYSE:BTG)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of B2Gold Corp. (NYSE:BTG - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 112,500 shares of the company's stock, valued at approximately $276,000. B2Gold accounts for approximately 0.8% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 19th biggest holding.

Other institutional investors also recently modified their holdings of the company. Cantor Fitzgerald L. P. acquired a new position in shares of B2Gold in the 4th quarter valued at approximately $25,000. Groupama Asset Managment acquired a new position in shares of B2Gold in the 4th quarter valued at approximately $29,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of B2Gold in the 4th quarter valued at approximately $30,000. Signaturefd LLC grew its position in shares of B2Gold by 176.1% in the 4th 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. Finally, Carrera Capital Advisors acquired a new position in shares of B2Gold in the 4th quarter valued at approximately $39,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BTG. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. CIBC boosted their target price on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, Raymond James restated an "outperform" rating and issued a $4.50 target price on shares of B2Gold in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.21.

B2Gold Stock Up 2.4%

Shares of B2Gold stock traded up $0.08 on Wednesday, reaching $3.46. 32,377,962 shares of the company were exchanged, compared to its average volume of 25,064,757. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.51. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of -7.21, a PEG ratio of 0.33 and a beta of 0.43. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $3.08 and a 200 day moving average of $2.80.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. During the same quarter in the previous year, the company posted $0.06 EPS. The company's revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts forecast that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold's dividend payout ratio is currently -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.