Invenomic Capital Management LP Acquires 260,645 Shares of B2Gold Corp. (NYSE:BTG)

Invenomic Capital Management LP boosted its holdings in shares of B2Gold Corp. (NYSE:BTG) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,116,489 shares of the company’s stock after purchasing an additional 260,645 shares during the quarter. Invenomic Capital Management LP owned about 0.08% of B2Gold worth $2,724,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in B2Gold by 20.4% during the 4th quarter. Alliancebernstein L.P. now owns 163,503 shares of the company’s stock valued at $399,000 after purchasing an additional 27,720 shares during the period. JPMorgan Chase & Co. boosted its stake in B2Gold by 525.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company’s stock valued at $1,594,000 after purchasing an additional 434,775 shares during the period. Barclays PLC boosted its stake in B2Gold by 23.7% during the 3rd quarter. Barclays PLC now owns 910,558 shares of the company’s stock valued at $2,804,000 after purchasing an additional 174,477 shares during the period. Vanguard Group Inc. boosted its stake in B2Gold by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company’s stock valued at $129,823,000 after purchasing an additional 1,165,204 shares during the period. Finally, Norges Bank bought a new stake in B2Gold during the 4th quarter valued at approximately $40,192,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Trading Up 4.0%

Shares of BTG opened at $3.14 on Monday. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.51. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $3.03 and a 200-day simple moving average of $2.80. The stock has a market cap of $4.14 billion, a PE ratio of -6.54, a PEG ratio of 0.33 and a beta of 0.43.

B2Gold (NYSE:BTG) last issued its earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts predict that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.55%. B2Gold’s payout ratio is presently -17.02%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BTG. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a research note on Thursday. Raymond James reiterated an “outperform” rating and issued a $4.50 price objective on shares of B2Gold in a research report on Friday, April 4th. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research report on Wednesday, April 2nd. Finally, Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, B2Gold has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

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.