Thompson Investment Management Inc. Buys New Shares in B2Gold Corp. (NYSEAMERICAN:BTG)

Thompson Investment Management Inc. purchased a new position in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,915 shares of the basic materials company’s stock, valued at approximately $86,000.

Other large investors have also added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new stake in shares of B2Gold in the 3rd quarter worth about $98,000. Seven Mile Advisory purchased a new stake in shares of B2Gold in the 3rd quarter worth about $48,000. Clough Capital Partners L P purchased a new stake in shares of B2Gold in the 3rd quarter worth about $248,000. Bank of Nova Scotia lifted its position in shares of B2Gold by 4.7% in the 3rd quarter. Bank of Nova Scotia now owns 92,937 shares of the basic materials company’s stock worth $267,000 after purchasing an additional 4,155 shares during the period. Finally, Toronto Dominion Bank lifted its position in shares of B2Gold by 15.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,615,959 shares of the basic materials company’s stock worth $4,670,000 after purchasing an additional 214,491 shares during the period. Institutional investors own 61.40% of the company’s stock.

B2Gold Stock Down 2.1 %

B2Gold stock traded down $0.05 during mid-day trading on Tuesday, hitting $2.60. The company had a trading volume of 9,078,360 shares, compared to its average volume of 11,649,066. The stock has a market cap of $3.39 billion, a PE ratio of -88.14, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.99. The business has a fifty day moving average of $2.80.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Tuesday, May 7th. The basic materials company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. The company had revenue of $461.40 million during the quarter, compared to the consensus estimate of $453.81 million. During the same quarter last year, the company earned $0.08 earnings per share. B2Gold’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts anticipate that B2Gold Corp. will post 0.26 earnings per share for the current year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Tuesday, June 11th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend was Tuesday, June 11th. B2Gold’s dividend payout ratio (DPR) is presently -533.16%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Jefferies Financial Group started coverage on shares of B2Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $3.50 target price for the company. StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Finally, Royal Bank of Canada lowered their target price on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, B2Gold currently has a consensus rating of “Moderate Buy” and an average target price of $4.57.

B2Gold Company 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.