Oppenheimer & Co. Inc. bought a new position in shares of B2Gold Corp. (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 10,256 shares of the basic materials company’s stock, valued at approximately $35,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Castle Wealth Management LLC acquired a new position in shares of B2Gold in the second quarter valued at $36,000. Power Corp of Canada acquired a new position in shares of B2Gold in the first quarter valued at $49,000. Gladstone Institutional Advisory LLC bought a new stake in shares of B2Gold in the first quarter valued at about $59,000. Eaton Vance Management bought a new stake in shares of B2Gold in the first quarter valued at about $65,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of B2Gold in the second quarter valued at about $60,000. 52.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on BTG. TheStreet cut shares of B2Gold from a “b-” rating to a “c+” rating in a research report on Tuesday, August 9th. M Partners reissued a “buy” rating on shares of B2Gold in a research report on Tuesday, November 1st. National Bank Financial reduced their target price on shares of B2Gold from C$7.50 to C$7.00 in a research report on Thursday, October 13th. Scotiabank reduced their target price on shares of B2Gold from C$8.25 to C$7.50 in a research report on Monday, October 24th. Finally, Stifel Nicolaus cut their price objective on shares of B2Gold from C$7.50 to C$7.25 in a research report on Wednesday, October 19th.
B2Gold Stock Up 1.2 %
B2Gold (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) last posted its quarterly earnings data on Tuesday, November 1st. The basic materials company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $392.55 million for the quarter. B2Gold had a return on equity of 15.30% and a net margin of 26.32%. Sell-side analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current year.
B2Gold Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Wednesday, September 21st were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, September 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.72%. B2Gold’s dividend payout ratio (DPR) is currently 37.21%.
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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