Oxbow Advisors LLC Has $272,000 Stake in B2Gold Corp. (NYSE:BTG)

Oxbow Advisors LLC lifted its stake in shares of B2Gold Corp. (NYSE:BTG) by 13.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,445 shares of the company’s stock after acquiring an additional 10,650 shares during the period. Oxbow Advisors LLC’s holdings in B2Gold were worth $272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its position in shares of B2Gold by 133.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock worth $5,334,000 after purchasing an additional 1,131,534 shares in the last quarter. Old West Investment Management LLC bought a new position in B2Gold in the third quarter worth approximately $1,340,000. Continuum Advisory LLC acquired a new stake in B2Gold in the second quarter valued at approximately $40,000. DekaBank Deutsche Girozentrale bought a new stake in shares of B2Gold during the second quarter valued at approximately $927,000. Finally, Van ECK Associates Corp raised its position in shares of B2Gold by 40.6% during the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock worth $566,312,000 after purchasing an additional 47,967,010 shares during the period. 61.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Friday. Scotiabank lowered shares of 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. Finally, Jefferies Financial Group lifted their price target on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Trading Down 3.3 %

Shares of NYSE BTG traded down $0.10 during midday trading on Friday, hitting $2.95. The company’s stock had a trading volume of 15,590,095 shares, compared to its average volume of 12,592,979. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of -5.27, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $3.16. B2Gold Corp. has a one year low of $2.34 and a one year high of $3.50.

B2Gold (NYSE:BTG) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. On average, equities research analysts predict that B2Gold Corp. will post 0.25 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a $0.04 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 5.42%. B2Gold’s dividend payout ratio is currently -28.57%.

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.