Allspring Global Investments Holdings LLC lifted its holdings in shares of B2Gold Corp. (NYSE:BTG – Free Report) by 0.2% during the 2nd quarter, Holdings Channel reports. The firm owned 2,076,000 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Allspring Global Investments Holdings LLC’s holdings in B2Gold were worth $7,505,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in BTG. Independent Wealth Network Inc. bought a new position in B2Gold in the first quarter valued at approximately $28,000. OMERS ADMINISTRATION Corp bought a new position in B2Gold in the first quarter valued at approximately $38,000. Comprehensive Money Management Services LLC bought a new position in B2Gold in the second quarter valued at approximately $40,000. Moors & Cabot Inc. bought a new position in B2Gold in the first quarter valued at approximately $41,000. Finally, ORG Partners LLC increased its stake in B2Gold by 689.0% in the second quarter. ORG Partners LLC now owns 14,297 shares of the company’s stock valued at $50,000 after acquiring an additional 12,485 shares during the last quarter. 61.40% of the stock is owned by institutional investors.
Analysts Set New Price Targets
BTG has been the topic of a number of recent analyst reports. Raymond James Financial lifted their price objective on shares of B2Gold from $4.75 to $6.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. CIBC lifted their price objective on shares of B2Gold from $4.50 to $6.50 and gave the company a “neutral” rating in a research note on Friday, October 10th. National Bankshares restated an “outperform” rating on shares of B2Gold in a research report on Wednesday, July 16th. Finally, Zacks Research lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, B2Gold has an average rating of “Hold” and an average target price of $6.25.
B2Gold Stock Performance
Shares of B2Gold stock opened at $5.55 on Monday. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $5.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a market capitalization of $7.34 billion, a P/E ratio of -11.56, a P/E/G ratio of 0.33 and a beta of 0.45. The company’s 50 day moving average price is $4.52 and its two-hundred day moving average price is $3.77.
B2Gold (NYSE:BTG – Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. B2Gold’s revenue for the quarter was up 40.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. On average, equities analysts forecast that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.
B2Gold Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, September 10th. B2Gold’s payout ratio is -22.86%.
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.
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