Euro Pacific Asset Management LLC Has $13.92 Million Position in B2Gold Corp. (NYSE:BTG)

Euro Pacific Asset Management LLC raised its stake in B2Gold Corp. (NYSE:BTG) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,677,077 shares of the company’s stock after acquiring an additional 45,605 shares during the period. B2Gold makes up about 3.0% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Euro Pacific Asset Management LLC owned approximately 0.43% of B2Gold worth $13,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. E&G Advisors LP acquired a new position in B2Gold in the third quarter valued at about $31,000. Private Advisor Group LLC acquired a new position in shares of B2Gold in the 3rd quarter valued at approximately $33,000. Flow Traders U.S. LLC bought a new stake in shares of B2Gold during the 3rd quarter worth approximately $35,000. HighTower Advisors LLC acquired a new stake in shares of B2Gold during the 3rd quarter worth approximately $36,000. Finally, Blue Trust Inc. increased its stake in B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after acquiring an additional 5,764 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Trading Up 2.1 %

BTG opened at $2.40 on Friday. 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 fifty-two week low of $2.20 and a fifty-two week high of $3.50. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of -4.29, a PEG ratio of 0.26 and a beta of 1.09. The company’s 50 day moving average price is $2.61 and its two-hundred day moving average price is $2.87.

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

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were paid a $0.04 dividend. 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 dividend payout ratio is currently -28.57%.

Wall Street Analyst Weigh In

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

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.