B2Gold Corp. (NYSE:BTG) Stock Position Increased by Monaco Asset Management SAM

Monaco Asset Management SAM grew its position in B2Gold Corp. (NYSE:BTG) by 29.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 800,000 shares of the company’s stock after purchasing an additional 182,815 shares during the period. B2Gold makes up approximately 0.3% of Monaco Asset Management SAM’s holdings, making the stock its 25th biggest position. Monaco Asset Management SAM owned 0.06% of B2Gold worth $2,160,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Oxbow Advisors LLC increased its holdings in shares of B2Gold by 96.3% during the second quarter. Oxbow Advisors LLC now owns 77,795 shares of the company’s stock valued at $210,000 after purchasing an additional 38,170 shares during the period. CIBC Asset Management Inc increased its stake in B2Gold by 2.0% during the 2nd quarter. CIBC Asset Management Inc now owns 1,818,734 shares of the company’s stock valued at $4,876,000 after buying an additional 35,329 shares during the period. Cadence Wealth Management LLC increased its stake in B2Gold by 34.9% during the 2nd quarter. Cadence Wealth Management LLC now owns 229,370 shares of the company’s stock valued at $619,000 after buying an additional 59,297 shares during the period. Commonwealth Equity Services LLC raised its position in shares of B2Gold by 94.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 86,040 shares of the company’s stock worth $232,000 after buying an additional 41,850 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of B2Gold in the 2nd quarter worth approximately $57,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Stock Up 1.9 %

Shares of NYSE BTG opened at $2.70 on Tuesday. B2Gold Corp. has a 52-week low of $2.34 and a 52-week high of $3.46. The firm has a market cap of $3.54 billion, a PE ratio of -89.97, a price-to-earnings-growth ratio of 0.41 and a beta of 1.14. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $2.82.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The company had revenue of $492.57 million for the quarter. As a group, analysts anticipate that B2Gold Corp. will post 0.28 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Tuesday, September 10th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Tuesday, September 10th. B2Gold’s dividend payout ratio is -533.16%.

Analysts Set New Price Targets

Several equities research analysts recently commented on BTG shares. Jefferies Financial Group boosted their target price on B2Gold from $3.50 to $4.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Scotiabank cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. CIBC boosted their price target on shares of B2Gold from $3.40 to $3.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3.75.

B2Gold Company 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.