B2Gold Corp. $BTG Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. increased its position in shares of B2Gold Corp. (NYSE:BTG) by 70.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 340,000 shares of the company’s stock after acquiring an additional 140,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in B2Gold were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in B2Gold by 58.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 188,530 shares of the company’s stock worth $536,000 after purchasing an additional 69,177 shares during the period. Easterly Investment Partners LLC increased its holdings in shares of B2Gold by 12.8% during the 1st quarter. Easterly Investment Partners LLC now owns 2,195,610 shares of the company’s stock worth $6,257,000 after buying an additional 248,375 shares during the last quarter. Independent Wealth Network Inc. purchased a new stake in shares of B2Gold during the 1st quarter valued at approximately $28,000. Cadence Wealth Management LLC lifted its holdings in B2Gold by 22.8% in the first quarter. Cadence Wealth Management LLC now owns 291,889 shares of the company’s stock valued at $832,000 after acquiring an additional 54,193 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in B2Gold by 350.6% in the first quarter. Cetera Investment Advisers now owns 124,625 shares of the company’s stock worth $354,000 after acquiring an additional 96,969 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analyst Ratings Changes

BTG has been the topic of a number of research analyst reports. Zacks Research downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Raymond James Financial boosted their price objective on shares of B2Gold from $4.75 to $6.00 and gave the company an “outperform” rating in a report on Friday, October 10th. National Bankshares reaffirmed an “outperform” rating on shares of B2Gold in a research report on Wednesday, July 16th. CIBC lifted their price target on shares of B2Gold from $4.50 to $6.50 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, Scotiabank restated a “sector perform” rating on shares of B2Gold in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.25.

B2Gold Stock Performance

NYSE BTG opened at $4.00 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The company has a market cap of $5.32 billion, a P/E ratio of -8.33, a P/E/G ratio of 0.33 and a beta of 0.45. The stock has a 50-day moving average of $4.77 and a two-hundred day moving average of $3.93. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $5.94.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. B2Gold’s revenue for the quarter was up 40.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. As a group, analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.0%. B2Gold’s dividend payout ratio is currently -22.86%.

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.