Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys 116,000 Shares of B2Gold Corp. $BTG

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lifted its position in B2Gold Corp. (NYSE:BTG) by 81.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,500 shares of the company’s stock after buying an additional 116,000 shares during the quarter. B2Gold makes up approximately 3.2% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 13th biggest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in B2Gold were worth $1,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in B2Gold by 875.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company’s stock valued at $35,000 after purchasing an additional 8,750 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of B2Gold in the second quarter worth $36,000. HM Payson & Co. purchased a new position in B2Gold during the third quarter worth about $50,000. Sagard Holdings Management Inc. bought a new position in B2Gold in the 2nd quarter worth about $39,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of B2Gold in the 3rd quarter valued at about $57,000. Institutional investors own 61.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BTG. CIBC cut their price objective on B2Gold to $6.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Raymond James Financial restated an “outperform” rating and set a $6.50 price objective on shares of B2Gold in a research report on Wednesday, January 14th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of B2Gold in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, B2Gold has a consensus rating of “Hold” and an average target price of $6.25.

B2Gold Stock Up 1.6%

Shares of NYSE BTG opened at $5.29 on Friday. The stock has a market capitalization of $7.09 billion, a P/E ratio of -11.01, a PEG ratio of 0.33 and a beta of 0.60. B2Gold Corp. has a one year low of $2.27 and a one year high of $5.94. The firm’s 50 day simple moving average is $4.54 and its two-hundred day simple moving average is $4.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same period in the previous year, the business posted $0.02 earnings per share. The firm’s quarterly revenue was up 74.7% compared to the same quarter last year. As a group, analysts expect that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders 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 1.5%. The ex-dividend date of this dividend was Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is 57.14%.

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.