Pale Fire Capital SE Has $237.40 Million Stake in B2Gold Corp. $BTG

Pale Fire Capital SE boosted its holdings in shares of B2Gold Corp. (NYSE:BTG) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,760,909 shares of the company’s stock after buying an additional 922,500 shares during the quarter. B2Gold makes up approximately 24.4% of Pale Fire Capital SE’s investment portfolio, making the stock its 2nd largest position. Pale Fire Capital SE owned approximately 4.97% of B2Gold worth $237,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of B2Gold by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 54,099,978 shares of the company’s stock worth $153,752,000 after acquiring an additional 1,089,501 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in B2Gold by 119.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,306,804 shares of the company’s stock valued at $123,897,000 after purchasing an additional 18,703,995 shares during the last quarter. American Century Companies Inc. lifted its holdings in B2Gold by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 29,730,477 shares of the company’s stock valued at $107,397,000 after purchasing an additional 3,206,141 shares during the last quarter. Invesco Ltd. boosted its position in B2Gold by 23.8% during the first quarter. Invesco Ltd. now owns 19,791,594 shares of the company’s stock worth $56,406,000 after purchasing an additional 3,804,209 shares during the period. Finally, Norges Bank acquired a new position in shares of B2Gold in the second quarter valued at $60,516,000. Institutional investors own 61.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BTG shares. Scotiabank restated a “sector perform” rating on shares of B2Gold in a research note on Thursday, October 23rd. CIBC lowered their price target on shares of B2Gold to $6.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Zacks Research downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Raymond James Financial boosted 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. Finally, Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.00.

B2Gold Stock Performance

NYSE BTG opened at $4.56 on Monday. The firm has a 50-day moving average price of $4.68 and a two-hundred day moving average price of $4.11. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $5.94. The company has a market capitalization of $6.09 billion, a P/E ratio of -9.50, a P/E/G ratio of 0.33 and a beta of 0.59. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG) last announced its earnings results on Wednesday, November 5th. The company reported $0.14 EPS 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%. B2Gold’s revenue was up 74.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. Analysts anticipate 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 will be paid on Monday, December 15th. Shareholders of record on Tuesday, December 2nd will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $0.08 annualized dividend and a yield of 1.8%. B2Gold’s payout ratio is currently 57.14%.

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.