Kellett Wealth Advisors LLC Buys Shares of 12,500 B2Gold Corp. (NYSEAMERICAN:BTG)

Kellett Wealth Advisors LLC bought a new stake in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) in the 4th quarter, Holdings Channel reports. The firm bought 12,500 shares of the basic materials company’s stock, valued at approximately $40,000.

A number of other hedge funds have also recently made changes to their positions in BTG. Van ECK Associates Corp increased its position in shares of B2Gold by 9.0% during the third quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company’s stock valued at $450,601,000 after acquiring an additional 12,836,388 shares in the last quarter. Norges Bank purchased a new stake in B2Gold during the 4th quarter valued at $41,567,000. Intact Investment Management Inc. increased its holdings in shares of B2Gold by 332.9% in the 3rd quarter. Intact Investment Management Inc. now owns 11,250,230 shares of the basic materials company’s stock worth $32,302,000 after purchasing an additional 8,651,430 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of B2Gold by 20.3% in the third quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company’s stock worth $140,291,000 after purchasing an additional 8,177,437 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of B2Gold by 159.3% during the first quarter. Two Sigma Investments LP now owns 13,262,384 shares of the basic materials company’s stock valued at $52,254,000 after purchasing an additional 8,147,929 shares in the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Trading Down 1.7 %

BTG traded down $0.04 during trading on Thursday, hitting $2.62. 10,976,794 shares of the company traded hands, compared to its average volume of 12,123,145. The company has a market cap of $3.41 billion, a P/E ratio of 130.82, a PEG ratio of 1.79 and a beta of 1.09. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $4.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27. The stock has a 50-day moving average price of $2.90.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $511.97 million during the quarter, compared to analysts’ expectations of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. B2Gold’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Equities analysts expect that B2Gold Corp. will post 0.22 EPS for the current year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date was Wednesday, March 6th. B2Gold’s payout ratio is 400.20%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BTG shares. CIBC cut shares of B2Gold from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $4.20 to $3.60 in a report on Thursday, January 25th. Royal Bank of Canada dropped their price target on B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research note on Thursday, March 28th. Finally, Jefferies Financial Group initiated coverage on B2Gold in a research report on Thursday, February 29th. They set a “buy” rating and a $3.50 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, B2Gold presently has a consensus rating of “Moderate Buy” and an average price target of $5.10.

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.