U S Global Investors Inc. Makes New Investment in B2Gold Corp. (NYSE:BTG)

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

Other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. boosted its stake in B2Gold by 20.4% in the fourth quarter. Alliancebernstein L.P. now owns 163,503 shares of the company's stock worth $399,000 after buying an additional 27,720 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of B2Gold in the 4th quarter valued at $183,000. Vanguard Group Inc. grew its holdings in shares of B2Gold by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock valued at $129,823,000 after purchasing an additional 1,165,204 shares during the last quarter. Norges Bank purchased a new position in B2Gold in the 4th quarter worth $40,192,000. Finally, JPMorgan Chase & Co. lifted its stake in B2Gold by 210.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,608,343 shares of the company's stock worth $3,924,000 after purchasing an additional 1,090,768 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Price Performance

Shares of BTG remained flat at $3.61 during mid-day trading on Tuesday. The stock had a trading volume of 25,918,948 shares, compared to its average volume of 28,926,016. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of -7.52, a P/E/G ratio of 0.33 and a beta of 0.44. The business has a 50-day simple moving average of $3.36 and a 200-day simple moving average of $2.94. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.83.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, topping the consensus estimate 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 for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Sell-side analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th were issued a $0.02 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 2.22%. B2Gold's dividend payout ratio (DPR) is presently -17.02%.

Analysts Set New Price Targets

BTG has been the topic of a number of recent research reports. Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. National Bankshares restated an "outperform" rating on shares of B2Gold in a research report on Tuesday, June 24th. Wall Street Zen raised B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. CIBC raised their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 price target for the company in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $4.21.

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.