Euro Pacific Asset Management LLC Acquires 45,605 Shares of B2Gold Corp. (NYSE:BTG)

Euro Pacific Asset Management LLC boosted its holdings in B2Gold Corp. (NYSE:BTG) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 5,677,077 shares of the company’s stock after purchasing an additional 45,605 shares during the period. B2Gold makes up about 3.0% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Euro Pacific Asset Management LLC’s holdings in B2Gold were worth $13,924,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in BTG. Van ECK Associates Corp grew its position in shares of B2Gold by 40.6% during the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock worth $566,312,000 after buying an additional 47,967,010 shares during the period. Two Sigma Advisers LP raised its holdings in shares of B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock valued at $55,058,000 after purchasing an additional 7,165,600 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of B2Gold by 69.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock worth $35,837,000 after purchasing an additional 4,754,500 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of B2Gold by 80.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock valued at $19,957,000 after buying an additional 3,311,970 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in B2Gold in the 3rd quarter valued at about $5,113,000. 61.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on BTG shares. Jefferies Financial Group raised their price objective on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. CIBC reduced their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Finally, StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, B2Gold has a consensus rating of “Hold” and an average price target of $4.02.

B2Gold Price Performance

BTG opened at $2.40 on Friday. The firm’s fifty day moving average price is $2.61 and its two-hundred day moving average price is $2.87. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -4.29, a P/E/G ratio of 0.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.50.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. As a group, analysts anticipate that B2Gold Corp. will post 0.22 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date was Monday, December 2nd. B2Gold’s payout ratio is -28.57%.

B2Gold Company 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.