Hussman Strategic Advisors Inc. Grows Stock Holdings in B2Gold Corp. $BTG

Hussman Strategic Advisors Inc. increased its position in shares of B2Gold Corp. (NYSE:BTG) by 70.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,000 shares of the company’s stock after purchasing an additional 140,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in B2Gold were worth $1,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BTG. Independent Wealth Network Inc. acquired a new position in shares of B2Gold during the 1st quarter worth about $28,000. International Assets Investment Management LLC acquired a new stake in shares of B2Gold during the 2nd quarter worth about $36,000. Comprehensive Money Management Services LLC purchased a new stake in B2Gold during the second quarter worth approximately $40,000. James Investment Research Inc. acquired a new position in B2Gold in the second quarter valued at approximately $41,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in B2Gold in the first quarter valued at approximately $38,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

Shares of BTG opened at $4.00 on Wednesday. The company’s 50 day simple moving average is $4.77 and its 200-day simple moving average is $3.93. The firm has a market cap of $5.32 billion, a PE ratio of -8.33, a price-to-earnings-growth ratio of 0.33 and a beta of 0.45. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $5.94. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG) last issued its quarterly 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 positive return on equity of 5.65% and a negative net margin of 33.12%.During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 40.5% compared to the same quarter last year. As a group, equities analysts predict that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.0%. B2Gold’s dividend payout ratio (DPR) is currently -22.86%.

Analyst Upgrades and Downgrades

BTG has been the topic of a number of research analyst reports. Zacks Research cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. CIBC increased their target price on shares of B2Gold from $4.50 to $6.50 and gave the company a “neutral” rating in a research report on Friday, October 10th. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a research note on Thursday, October 23rd. National Bankshares reissued an “outperform” rating on shares of B2Gold in a research report on Wednesday, July 16th. Finally, Raymond James Financial raised their price objective on B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.25.

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.