Old West Investment Management LLC Takes $1.34 Million Position in B2Gold Corp. (NYSE:BTG)

Old West Investment Management LLC purchased a new position in shares of B2Gold Corp. (NYSE:BTG - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 435,038 shares of the company's stock, valued at approximately $1,340,000.

Several other hedge funds have also recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in shares of B2Gold by 21.9% during the 2nd quarter. SG Americas Securities LLC now owns 184,373 shares of the company's stock worth $498,000 after buying an additional 33,113 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in B2Gold in the second quarter worth $42,000. Equinox Partners Investment Management LLC increased its stake in B2Gold by 31.6% in the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company's stock valued at $16,185,000 after purchasing an additional 1,450,000 shares in the last quarter. Continuum Advisory LLC acquired a new position in shares of B2Gold during the second quarter valued at about $40,000. Finally, KG&L Capital Management LLC boosted its position in shares of B2Gold by 9.6% during the 2nd quarter. KG&L Capital Management LLC now owns 207,500 shares of the company's stock worth $560,000 after purchasing an additional 18,200 shares in the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Performance

BTG traded down $0.10 during mid-day trading on Wednesday, reaching $3.18. 16,786,461 shares of the stock were exchanged, compared to its average volume of 12,533,226. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74. The stock has a market capitalization of $4.18 billion, a PE ratio of -29.77, a PEG ratio of 2.69 and a beta of 1.13. The business has a 50 day moving average of $3.14.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The business had revenue of $492.57 million for the quarter. Sell-side analysts expect that B2Gold Corp. will post 0.25 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.16 annualized dividend and a dividend yield of 5.03%. B2Gold's dividend payout ratio is currently -145.44%.

Analyst Upgrades and Downgrades

BTG has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $3.75 target price on shares of B2Gold in a research report on Tuesday, September 17th. Scotiabank lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. Cormark downgraded shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 12th. CIBC upped their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. Finally, Jefferies Financial Group raised their price objective on shares of B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $4.12.

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.