Comprehensive Money Management Services LLC Purchases New Position in B2Gold Corp. $BTG

Comprehensive Money Management Services LLC purchased a new stake in B2Gold Corp. (NYSE:BTG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,000 shares of the company’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rathbones Group PLC boosted its position in B2Gold by 5.9% in the first quarter. Rathbones Group PLC now owns 83,160 shares of the company’s stock valued at $236,000 after buying an additional 4,623 shares in the last quarter. Hsbc Holdings PLC grew its position in B2Gold by 17.8% during the 1st quarter. Hsbc Holdings PLC now owns 44,238 shares of the company’s stock worth $126,000 after acquiring an additional 6,692 shares during the last quarter. Northwest & Ethical Investments L.P. grew its position in B2Gold by 7.5% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 137,550 shares of the company’s stock worth $391,000 after acquiring an additional 9,632 shares during the last quarter. Independent Wealth Network Inc. acquired a new position in B2Gold in the first quarter worth $28,000. Finally, Continuum Advisory LLC grew its holdings in shares of B2Gold by 99.5% during the first quarter. Continuum Advisory LLC now owns 22,050 shares of the company’s stock worth $63,000 after purchasing an additional 11,000 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Trading Up 0.2%

Shares of BTG opened at $5.08 on Friday. 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 Corp. has a 12-month low of $2.20 and a 12-month high of $5.40. The firm has a market capitalization of $6.72 billion, a PE ratio of -10.58, a price-to-earnings-growth ratio of 0.33 and a beta of 0.45. The stock’s fifty day simple moving average is $4.34 and its 200-day simple moving average is $3.67.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, missing the consensus estimate 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 business’s revenue was up 40.5% compared to the same quarter last year. As a group, research analysts predict that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.6%. B2Gold’s dividend payout ratio (DPR) is presently -22.86%.

Analyst Ratings Changes

Several brokerages have recently commented on BTG. CIBC increased their target price on B2Gold from $4.50 to $6.50 and gave the stock a “neutral” rating in a report on Friday. Zacks Research downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Raymond James Financial upped their target price on shares of B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.25.

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.