Invenomic Capital Management LP Has $2.72 Million Stake in B2Gold Corp. (NYSE:BTG)

Invenomic Capital Management LP grew its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 30.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,116,489 shares of the company's stock after acquiring an additional 260,645 shares during the quarter. Invenomic Capital Management LP owned about 0.08% of B2Gold worth $2,724,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold in the 4th quarter worth $25,000. Groupama Asset Managment acquired a new position in B2Gold during the fourth quarter valued at $29,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of B2Gold during the 4th quarter valued at $30,000. Signaturefd LLC grew its stake in 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 in the last quarter. Finally, Carrera Capital Advisors purchased a new position in B2Gold in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Trading Up 1.4%

Shares of NYSE BTG traded up $0.04 during midday trading on Thursday, hitting $2.94. The stock had a trading volume of 50,743,304 shares, compared to its average volume of 23,845,266. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $3.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a market cap of $3.88 billion, a P/E ratio of -6.13, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43. The company's 50-day simple moving average is $3.04 and its 200 day simple moving average is $2.80.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. B2Gold's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. Research analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 2.72%. B2Gold's dividend payout ratio is presently -17.02%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. CIBC increased their target price on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, StockNews.com raised B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. One 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.