Monaco Asset Management SAM Acquires 300,000 Shares of B2Gold Corp. (NYSEAMERICAN:BTG)

Monaco Asset Management SAM raised its stake in B2Gold Corp. (NYSEAMERICAN:BTG - Free Report) TSE: BTO by 38.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,075,000 shares of the basic materials company's stock after acquiring an additional 300,000 shares during the period. B2Gold comprises about 1.0% of Monaco Asset Management SAM's investment portfolio, making the stock its 26th largest position. Monaco Asset Management SAM owned 0.08% of B2Gold worth $3,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of BTG. C M Bidwell & Associates Ltd. bought a new stake in B2Gold during the 3rd quarter worth approximately $35,000. Private Advisor Group LLC acquired a new stake in shares of B2Gold in the fourth quarter valued at $38,000. Beach Investment Counsel Inc. PA acquired a new position in B2Gold during the 4th quarter worth about $39,000. Kellett Wealth Advisors LLC bought a new stake in B2Gold during the 4th quarter worth about $40,000. Finally, Seven Mile Advisory bought a new stake in B2Gold during the 3rd quarter worth about $48,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

Shares of BTG stock remained flat at $2.77 on Friday. The stock had a trading volume of 8,085,172 shares, compared to its average volume of 12,861,911. The stock's 50 day moving average price is $2.85. B2Gold Corp. has a one year low of $2.34 and a one year high of $4.20. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of -92.30, a PEG ratio of 1.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 1.16.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last posted its earnings results on Tuesday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. The company had revenue of $461.40 million for the quarter, compared to analyst estimates of $453.81 million. During the same period last year, the business posted $0.08 earnings per share. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. Analysts anticipate that B2Gold Corp. will post 0.25 EPS for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Tuesday, June 11th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date is Tuesday, June 11th. B2Gold's dividend payout ratio is currently -533.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BTG. Jefferies Financial Group initiated coverage on shares of B2Gold in a report on Thursday, February 29th. They issued a "buy" rating and a $3.50 price target for the company. CIBC lowered B2Gold from an "outperform" rating to a "neutral" rating and cut their price target for the company from $4.20 to $3.60 in a research note on Thursday, January 25th. Finally, Royal Bank of Canada dropped their price objective on B2Gold from $4.00 to $3.50 and set a "sector perform" rating for the company in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $5.10.

B2Gold 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.