Waratah Capital Advisors Ltd. Invests $1.45 Million in B2Gold Corp. $BTG

Waratah Capital Advisors Ltd. acquired a new stake in B2Gold Corp. (NYSE:BTG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 402,487 shares of the company’s stock, valued at approximately $1,453,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BTG. Pale Fire Capital SE raised its stake in B2Gold by 23.7% during the first quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company’s stock worth $184,789,000 after purchasing an additional 12,419,383 shares during the period. Vanguard Group Inc. increased its holdings in shares of B2Gold by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 54,099,978 shares of the company’s stock worth $153,752,000 after buying an additional 1,089,501 shares during the last quarter. American Century Companies Inc. raised its position in shares of B2Gold by 17.1% during the 1st quarter. American Century Companies Inc. now owns 26,524,336 shares of the company’s stock valued at $75,435,000 after buying an additional 3,865,565 shares during the period. Invesco Ltd. lifted its holdings in B2Gold by 23.8% in the first quarter. Invesco Ltd. now owns 19,791,594 shares of the company’s stock valued at $56,406,000 after acquiring an additional 3,804,209 shares during the last quarter. Finally, Amundi grew its position in B2Gold by 33.3% in the first quarter. Amundi now owns 10,849,897 shares of the company’s stock worth $31,682,000 after acquiring an additional 2,710,857 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BTG has been the topic of a number of research analyst reports. Scotiabank restated a “sector perform” rating on shares of B2Gold in a research report on Thursday, October 23rd. CIBC raised their price objective on B2Gold from $4.50 to $6.50 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Raymond James Financial increased their target price on shares of B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Zacks Research downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.25.

B2Gold Stock Performance

NYSE BTG opened at $4.10 on Friday. The firm has a 50 day simple moving average of $4.76 and a 200-day simple moving average of $3.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a one year low of $2.20 and a one year high of $5.94. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of -8.54, a PEG ratio of 0.33 and a beta of 0.44.

B2Gold (NYSE:BTG) last announced its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same quarter in the prior year, the company posted $0.02 EPS. The business’s revenue was up 74.7% compared to the same quarter last year. Equities research analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Tuesday, December 2nd will be issued a $0.02 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 2.0%. B2Gold’s dividend payout ratio (DPR) is 57.14%.

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.