Invenomic Capital Management LP Takes $2.64 Million Position in B2Gold Corp. (NYSE:BTG)

Invenomic Capital Management LP purchased a new position in shares of B2Gold Corp. (NYSE:BTG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 855,844 shares of the company's stock, valued at approximately $2,636,000. Invenomic Capital Management LP owned approximately 0.07% of B2Gold as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. FMR LLC grew its position in B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company's stock worth $183,862,000 after acquiring an additional 438,399 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of B2Gold by 133.8% in the second quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company's stock worth $5,334,000 after buying an additional 1,131,534 shares during the period. Old West Investment Management LLC bought a new stake in B2Gold during the 3rd quarter valued at $1,340,000. Continuum Advisory LLC bought a new stake in B2Gold in the 2nd quarter worth $40,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of B2Gold in the second quarter valued at about $927,000. 61.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on BTG shares. Scotiabank cut B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 9th. Royal Bank of Canada reissued a "sector perform" rating and set a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. CIBC lifted their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a report on Tuesday, September 24th. Jefferies Financial Group boosted their price objective on shares of B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Finally, StockNews.com lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $4.12.

B2Gold Stock Performance

Shares of B2Gold stock remained flat at $2.80 during trading on Wednesday. 8,096,718 shares of the company traded hands, compared to its average volume of 12,653,634. B2Gold Corp. has a 52 week low of $2.34 and a 52 week high of $3.50. The firm has a market capitalization of $3.68 billion, a P/E ratio of -4.99, a PEG ratio of 0.52 and a beta of 1.08. The business's 50 day moving average price is $3.09 and its two-hundred day moving average price is $2.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The company had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, analysts predict that B2Gold Corp. will post 0.23 EPS for the current year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 5.71%. B2Gold's dividend payout ratio is presently -28.57%.

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.