Euro Pacific Asset Management LLC Has $36.98 Million Position in B2Gold Corp. $BTG

Euro Pacific Asset Management LLC lifted its holdings in B2Gold Corp. (NYSE:BTG) by 8.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,544,575 shares of the company’s stock after purchasing an additional 590,840 shares during the period. B2Gold comprises approximately 4.4% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 7th largest holding. Euro Pacific Asset Management LLC’s holdings in B2Gold were worth $36,984,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BTG. Nomura Holdings Inc. acquired a new stake in B2Gold during the second quarter worth about $3,956,000. Headlands Technologies LLC bought a new position in shares of B2Gold during the second quarter valued at approximately $186,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of B2Gold by 7.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 800,942 shares of the company’s stock worth $2,896,000 after purchasing an additional 58,750 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of B2Gold during the 2nd quarter worth approximately $234,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of B2Gold in the 2nd quarter worth approximately $413,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Trading Up 5.7%

NYSE:BTG opened at $4.80 on Tuesday. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of -10.00, a PEG ratio of 0.33 and a beta of 0.59. 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 1 year low of $2.20 and a 1 year high of $5.94. The business has a fifty day moving average of $4.57 and a 200-day moving average of $4.20.

B2Gold (NYSE:BTG) last posted its quarterly earnings data 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%. The firm’s quarterly revenue was up 74.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. Equities analysts predict that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, December 2nd were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is currently 57.14%.

Analyst Ratings Changes

A number of research analysts recently commented on BTG shares. Scotiabank restated a “sector perform” rating on shares of B2Gold in a research note on Thursday, October 23rd. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Raymond James Financial increased their price objective on shares of B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, CIBC cut their price objective on shares of B2Gold to $6.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Two equities 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 stock. According to MarketBeat.com, B2Gold has an average rating of “Hold” and an average target price of $6.00.

B2Gold Profile

B2Gold Corp. is a Canadian-based gold producer headquartered in Vancouver, British Columbia. Founded in 2007, the company focuses on the acquisition, exploration, development and operation of gold mining properties in emerging markets. Since its inception, B2Gold has grown into a mid-tier producer with a portfolio of operating mines, advanced-stage development assets and exploration projects.

The company’s principal operations include the Fekola mine in Mali, the Otjikoto mine in Namibia, the Masbate mine in the Philippines and the La Libertad mine in Nicaragua.