National Bank of Canada FI Has $16.17 Million Position in B2Gold Corp. (NYSEAMERICAN:BTG)

National Bank of Canada FI raised its holdings in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,177,843 shares of the basic materials company’s stock after acquiring an additional 1,064,751 shares during the quarter. National Bank of Canada FI owned about 0.40% of B2Gold worth $16,170,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of B2Gold by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 165,894,403 shares of the basic materials company’s stock worth $524,231,000 after acquiring an additional 9,971,331 shares in the last quarter. Cadence Wealth Management LLC boosted its position in B2Gold by 14.5% during the fourth quarter. Cadence Wealth Management LLC now owns 167,434 shares of the basic materials company’s stock worth $529,000 after purchasing an additional 21,210 shares during the period. Intact Investment Management Inc. grew its holdings in B2Gold by 22.2% during the fourth quarter. Intact Investment Management Inc. now owns 13,747,050 shares of the basic materials company’s stock valued at $43,472,000 after purchasing an additional 2,496,820 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of B2Gold in the fourth quarter valued at approximately $62,000. Finally, Hussman Strategic Advisors Inc. raised its position in shares of B2Gold by 11.1% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 1,000,000 shares of the basic materials company’s stock valued at $3,160,000 after purchasing an additional 100,000 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BTG has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on B2Gold in a report on Thursday, February 29th. They set a “buy” rating and a $3.50 price target for the company. Royal Bank of Canada decreased their price target on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research report on Thursday, March 28th. Finally, CIBC lowered shares of B2Gold from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $4.20 to $3.60 in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, B2Gold presently has an average rating of “Hold” and an average price target of $5.10.

B2Gold Trading Up 0.8 %

BTG opened at $2.56 on Wednesday. B2Gold Corp. has a 1-year low of $2.34 and a 1-year high of $4.29. The firm has a market cap of $3.34 billion, a PE ratio of 128.06, a PEG ratio of 1.50 and a beta of 1.10. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $2.85.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $461.40 million for the quarter, compared to analyst estimates of $453.81 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. On average, research analysts predict that B2Gold Corp. will post 0.25 EPS for the current year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio is presently 400.20%.

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.