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Old West Investment Management LLC Makes New Investment in B2Gold Corp. (NYSE:BTG)

B2Gold logo with Basic Materials background

Old West Investment Management LLC bought a new stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 217,519 shares of the company's stock, valued at approximately $670,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BTG. Toronto Dominion Bank increased its holdings in B2Gold by 6.7% during the 3rd quarter. Toronto Dominion Bank now owns 530,740 shares of the company's stock worth $1,635,000 after purchasing an additional 33,194 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of B2Gold by 46.7% in the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company's stock worth $7,544,000 after buying an additional 661,107 shares during the last quarter. 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 acquiring an additional 174,477 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in B2Gold during the 3rd quarter worth $1,597,000. Finally, Zacks Investment Management bought a new position in shares of B2Gold during the third quarter worth about $49,000. 61.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BTG has been the topic of several research reports. Jefferies Financial Group increased their target price on B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Cibc World Mkts downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. StockNews.com cut shares of B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. CIBC raised their price target on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, B2Gold currently has a consensus rating of "Hold" and a consensus price target of $4.12.

View Our Latest Stock Analysis on BTG

B2Gold Stock Performance

Shares of BTG traded up $0.09 during mid-day trading on Wednesday, reaching $2.81. 13,696,717 shares of the company's stock traded hands, compared to its average volume of 12,753,692. 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 business's 50-day moving average price is $3.04 and its 200-day moving average price is $2.91. The stock has a market capitalization of $3.69 billion, a P/E ratio of -5.02, a price-to-earnings-growth ratio of 0.49 and a beta of 1.08. B2Gold Corp. has a 12 month low of $2.34 and a 12 month high of $3.50.

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

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.69%. B2Gold's dividend payout ratio (DPR) is -28.57%.

B2Gold Profile

(Free Report)

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.

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Institutional Ownership by Quarter for B2Gold (NYSE:BTG)

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