U S Global Investors Inc. Invests $1.21 Million in B2Gold Corp. (NYSE:BTG)

U S Global Investors Inc. purchased a new position in shares of B2Gold Corp. (NYSE:BTG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 425,000 shares of the company's stock, valued at approximately $1,211,000.

Several other hedge funds have also recently added to or reduced their stakes in BTG. Bank of New York Mellon Corp raised 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 worth $1,333,000 after purchasing an additional 324,491 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in B2Gold during the 4th quarter worth approximately $123,000. DJE Kapital AG bought a new position in B2Gold during the 4th quarter worth approximately $2,036,000. Carrera Capital Advisors bought a new position in B2Gold during the 4th quarter worth approximately $39,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in B2Gold during the 4th quarter worth approximately $829,000. Institutional investors own 61.40% of the company's stock.

B2Gold Stock Down 3.3%

NYSE BTG traded down $0.12 during mid-day trading on Friday, hitting $3.53. The company's stock had a trading volume of 62,913,865 shares, compared to its average volume of 28,869,114. 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 firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of -7.35, a PEG ratio of 0.33 and a beta of 0.44. The company's 50 day simple moving average is $3.35 and its 200 day simple moving average is $2.93. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.83.

B2Gold (NYSE:BTG - Get Free Report) last posted 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 negative net margin of 33.12% and a positive return on equity of 5.65%. The firm's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. Analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Wednesday, June 11th. B2Gold's dividend payout ratio is -17.02%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research report on Tuesday, June 24th. Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently 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.