OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $2.70 Million in B2Gold Corp. (NYSE:BTG)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in B2Gold Corp. (NYSE:BTG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,108,000 shares of the company's stock, valued at approximately $2,704,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of B2Gold as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cantor Fitzgerald L. P. purchased a new position in shares of B2Gold during the fourth quarter worth approximately $25,000. Groupama Asset Managment purchased a new position in B2Gold in the 4th quarter valued at $29,000. Schonfeld Strategic Advisors LLC purchased a new position in B2Gold in the 4th quarter valued at $30,000. Signaturefd LLC grew its position in B2Gold by 176.1% in the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after buying an additional 8,250 shares during the last quarter. Finally, Carrera Capital Advisors purchased a new position in B2Gold in the 4th quarter valued at $39,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Price Performance

Shares of NYSE:BTG traded up $0.01 during midday trading on Friday, hitting $2.95. 36,238,429 shares of the stock were exchanged, compared to its average volume of 24,058,661. The company has a 50 day moving average price of $3.05 and a 200-day moving average price of $2.79. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.51. The stock has a market cap of $3.89 billion, a P/E ratio of -6.15, a PEG ratio of 0.33 and a beta of 0.43. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, beating 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%. During the same period in the prior year, the business posted $0.06 earnings per share. The firm's quarterly revenue was up 15.3% on a year-over-year basis. On average, research analysts forecast that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, June 11th. B2Gold's dividend payout ratio is currently -17.02%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BTG shares. CIBC lifted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Raymond James restated an "outperform" rating and set a $4.50 target price on shares of B2Gold in a research report on Friday, April 4th. TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Finally, Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. 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. Based on data from MarketBeat.com, B2Gold has a consensus rating of "Moderate Buy" and a consensus target price of $4.21.

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.