Harvest Portfolios Group Inc. Boosts Stake in B2Gold Corp. $BTG

Harvest Portfolios Group Inc. lifted its holdings in shares of B2Gold Corp. (NYSE:BTG) by 28.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,165 shares of the company’s stock after buying an additional 59,899 shares during the period. Harvest Portfolios Group Inc.’s holdings in B2Gold were worth $969,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Independent Wealth Network Inc. bought a new position in B2Gold during the 1st quarter valued at about $28,000. International Assets Investment Management LLC bought a new stake in shares of B2Gold in the second quarter worth approximately $36,000. OMERS ADMINISTRATION Corp purchased a new position in shares of B2Gold during the first quarter valued at approximately $38,000. Comprehensive Money Management Services LLC bought a new position in B2Gold during the second quarter valued at approximately $40,000. Finally, Moors & Cabot Inc. purchased a new stake in B2Gold in the first quarter worth approximately $41,000. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Performance

NYSE:BTG opened at $3.91 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock has a 50-day simple moving average of $4.76 and a two-hundred day simple moving average of $3.94. The firm has a market capitalization of $5.20 billion, a PE ratio of -8.15, a P/E/G ratio of 0.33 and a beta of 0.44. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $5.94.

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, topping 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 firm earned $0.02 earnings per share. The company’s quarterly revenue was up 74.7% on a year-over-year basis. Analysts forecast that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.08 annualized dividend and a dividend yield of 2.0%. B2Gold’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Upgrades and Downgrades

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