Vanguard Group Inc. Raises Holdings in B2Gold Corp. (NYSEAMERICAN:BTG)

Vanguard Group Inc. grew its position in shares of B2Gold Corp. (NYSEAMERICAN:BTG - Free Report) TSE: BTO by 20.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 48,543,701 shares of the basic materials company's stock after purchasing an additional 8,177,437 shares during the quarter. Vanguard Group Inc. owned 3.73% of B2Gold worth $140,291,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BTG. C M Bidwell & Associates Ltd. acquired a new position in shares of B2Gold during the 3rd quarter valued at $35,000. Atria Wealth Solutions Inc. acquired a new position in shares of B2Gold in the 4th quarter worth $36,000. MML Investors Services LLC acquired a new position in shares of B2Gold in the 3rd quarter worth $40,000. MBL Wealth LLC acquired a new position in shares of B2Gold in the 3rd quarter worth $40,000. Finally, GTS Securities LLC acquired a new position in shares of B2Gold in the 2nd quarter worth $48,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Up 4.3 %

Shares of NYSEAMERICAN:BTG traded up $0.11 on Wednesday, reaching $2.82. The company had a trading volume of 36,772,901 shares, compared to its average volume of 11,140,349. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $2.93. The stock has a market cap of $3.67 billion, a PE ratio of 141.07, a P/E/G ratio of 5.97 and a beta of 1.09. B2Gold Corp. has a twelve month low of $2.34 and a twelve month high of $4.40.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The business had revenue of $511.97 million during the quarter, compared to the consensus estimate of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The company's revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, sell-side analysts predict that B2Gold Corp. will post 0.2 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.16 annualized dividend and a yield of 5.68%. B2Gold's dividend payout ratio is 400.20%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BTG. CIBC cut B2Gold from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $4.20 to $3.60 in a research report on Thursday, January 25th. Jefferies Financial Group began coverage on B2Gold in a research report on Thursday, February 29th. They issued a "buy" rating and a $3.50 target price for the company. Finally, Royal Bank of Canada decreased their target price on B2Gold from $4.00 to $3.50 and set a "sector perform" rating for the company in a research report on Thursday, March 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, B2Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.10.

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.