Kercheville Advisors LLC Makes New Investment in B2Gold Corp. (NYSE:BTG)

Kercheville Advisors LLC bought a new position in shares of B2Gold Corp. (NYSE:BTG) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,000 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in B2Gold during the 4th quarter worth $40,192,000. American Century Companies Inc. lifted its position in shares of B2Gold by 31.3% during the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company’s stock valued at $55,436,000 after acquiring an additional 5,401,334 shares during the period. Invesco Ltd. grew its holdings in shares of B2Gold by 32.7% during the 4th quarter. Invesco Ltd. now owns 15,987,385 shares of the company’s stock worth $39,009,000 after purchasing an additional 3,939,040 shares in the last quarter. Bank of America Corp DE increased its position in shares of B2Gold by 577.0% in the fourth quarter. Bank of America Corp DE now owns 4,519,757 shares of the company’s stock worth $11,028,000 after purchasing an additional 3,852,095 shares during the period. Finally, Two Sigma Advisers LP raised its stake in B2Gold by 15.7% in the fourth quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company’s stock valued at $50,448,000 after purchasing an additional 2,799,520 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research report on Wednesday, April 2nd. CIBC boosted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Wall Street Zen upgraded B2Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Finally, Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.21.

B2Gold Price Performance

Shares of BTG opened at $3.70 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.89 billion, a PE ratio of -7.71, a PEG ratio of 0.33 and a beta of 0.44. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $3.83. The business has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $2.87.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. During the same period in the prior year, the company earned $0.06 earnings per share. B2Gold’s revenue was up 15.3% on a year-over-year basis. Analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, June 11th. B2Gold’s payout ratio is currently -17.02%.

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.