Oxbow Advisors LLC Invests $103,000 in B2Gold Corp. (NYSEAMERICAN:BTG)

Oxbow Advisors LLC purchased a new position in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) in the 1st quarter, Holdings Channel.com reports. The firm purchased 39,625 shares of the basic materials company’s stock, valued at approximately $103,000.

Several other large investors have also modified their holdings of the stock. Easterly Investment Partners LLC raised its position in B2Gold by 52.0% in the first quarter. Easterly Investment Partners LLC now owns 1,717,068 shares of the basic materials company’s stock worth $4,482,000 after acquiring an additional 587,773 shares in the last quarter. Hussman Strategic Advisors Inc. raised its position in B2Gold by 25.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 1,250,000 shares of the basic materials company’s stock worth $3,262,000 after acquiring an additional 250,000 shares in the last quarter. BNP Paribas Financial Markets raised its position in B2Gold by 187.2% in the first quarter. BNP Paribas Financial Markets now owns 46,765 shares of the basic materials company’s stock worth $122,000 after acquiring an additional 30,484 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in B2Gold in the first quarter worth $1,041,000. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its position in shares of B2Gold by 22.3% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 164,550 shares of the basic materials company’s stock valued at $431,000 after buying an additional 29,967 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Up 1.0 %

Shares of BTG traded up $0.03 during trading hours on Friday, reaching $3.01. 3,191,436 shares of the company traded hands, compared to its average volume of 11,358,928. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 1.97. The company has a market cap of $3.94 billion, a PE ratio of -99.47, a PEG ratio of 1.65 and a beta of 1.10. B2Gold Corp. has a fifty-two week low of $2.34 and a fifty-two week high of $3.83. The company’s fifty day moving average price is $2.79.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data 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. The business had revenue of $461.40 million for the quarter, compared to analyst estimates of $453.81 million. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. Research analysts predict that B2Gold Corp. will post 0.26 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend was Tuesday, June 11th. B2Gold’s payout ratio is -533.16%.

Analyst Ratings Changes

BTG has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price target on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research report on Thursday, March 28th. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, B2Gold has a consensus rating of “Moderate Buy” and a consensus price target of $4.57.

About B2Gold

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.