Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Takes Position in B2Gold Corp. (NYSE:BTG)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in B2Gold Corp. (NYSE:BTG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 112,500 shares of the company's stock, valued at approximately $276,000. B2Gold comprises 0.8% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 19th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its position in B2Gold by 23.7% in the third quarter. Barclays PLC now owns 910,558 shares of the company's stock valued at $2,804,000 after purchasing an additional 174,477 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of B2Gold by 525.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company's stock valued at $1,594,000 after buying an additional 434,775 shares during the period. Euro Pacific Asset Management LLC raised its holdings in shares of B2Gold by 0.8% in the 4th quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company's stock valued at $13,924,000 after buying an additional 45,605 shares during the period. KG&L Capital Management LLC lifted its stake in B2Gold by 15.6% during the 4th quarter. KG&L Capital Management LLC now owns 146,000 shares of the company's stock worth $356,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in B2Gold by 146.3% during the 4th quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company's stock valued at $1,333,000 after acquiring an additional 324,491 shares during the period. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Stock Performance

BTG traded up $0.02 during trading on Tuesday, hitting $3.38. 61,424,736 shares of the stock were exchanged, compared to its average volume of 25,035,503. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.51. The stock has a fifty day moving average price of $3.07 and a two-hundred day moving average price of $2.79. The firm has a market capitalization of $4.46 billion, a P/E ratio of -7.04, a PEG ratio of 0.33 and a beta of 0.43.

B2Gold (NYSE:BTG - Get Free Report) last announced its earnings results 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%. The firm's quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. As a group, sell-side analysts predict that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 2.37%. B2Gold's dividend payout ratio (DPR) is -17.02%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BTG. Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Raymond James reiterated an "outperform" rating and set a $4.50 target price on shares of B2Gold in a report on Friday, April 4th. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, B2Gold presently has an average rating of "Moderate Buy" and a consensus price target of $4.21.

B2Gold Company 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.