B2Gold Corp. (NYSE:BTG) Shares Acquired by Invenomic Capital Management LP

Invenomic Capital Management LP boosted its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 30.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,116,489 shares of the company's stock after buying an additional 260,645 shares during the period. Invenomic Capital Management LP owned approximately 0.08% of B2Gold worth $2,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BTG. Vanguard Group Inc. increased its stake in B2Gold by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock worth $129,823,000 after purchasing an additional 1,165,204 shares during the period. Renaissance Technologies LLC increased its stake in B2Gold by 1.0% in the fourth quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock worth $66,335,000 after purchasing an additional 272,300 shares during the period. Dimensional Fund Advisors LP increased its stake in B2Gold by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock worth $59,510,000 after purchasing an additional 130,638 shares during the period. American Century Companies Inc. increased its stake in B2Gold by 31.3% in the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock worth $55,436,000 after purchasing an additional 5,401,334 shares during the period. Finally, Norges Bank purchased a new stake in B2Gold in the fourth quarter worth $40,192,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BTG shares. StockNews.com upgraded B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, TD Securities lowered B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, B2Gold has a consensus rating of "Moderate Buy" and an average target price of $4.21.

B2Gold Stock Up 0.3%

BTG stock traded up $0.01 during trading on Friday, reaching $2.95. 36,238,429 shares of the company traded hands, compared to its average volume of 24,058,661. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.51. The business has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $2.79. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of -6.15, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, beating 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 prior year, the company earned $0.06 EPS. The business's quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities research 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 will be paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Wednesday, June 11th. B2Gold's payout ratio is currently -17.02%.

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.