GW Henssler & Associates Ltd. Invests $109,000 in B2Gold Corp. (NYSE:BTG)

GW Henssler & Associates Ltd. bought a new stake in shares of B2Gold Corp. (NYSE:BTG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 35,375 shares of the company’s stock, valued at approximately $109,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of B2Gold by 39.4% during the second quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock valued at $33,053,000 after purchasing an additional 3,474,553 shares during the period. The Manufacturers Life Insurance Company raised its stake in B2Gold by 80.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after buying an additional 3,311,970 shares during the period. Allspring Global Investments Holdings LLC bought a new position in B2Gold in the second quarter worth approximately $6,912,000. Equinox Partners Investment Management LLC grew 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 acquiring an additional 1,450,000 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of B2Gold by 133.8% during the second quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock valued at $5,334,000 after acquiring an additional 1,131,534 shares in the last quarter. 61.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BTG. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Jefferies Financial Group lifted their price target on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, B2Gold presently has an average rating of “Hold” and a consensus target price of $4.12.

B2Gold Price Performance

Shares of BTG stock opened at $3.42 on Wednesday. B2Gold Corp. has a one year low of $2.34 and a one year high of $3.50. The stock has a market capitalization of $4.46 billion, a P/E ratio of -113.83, a P/E/G ratio of 1.70 and a beta of 1.15. The firm has a 50-day moving average price of $3.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93.

B2Gold (NYSE:BTG) last posted its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. As a group, research analysts expect that B2Gold Corp. will post 0.25 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were paid a $0.04 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a yield of 4.69%. B2Gold’s dividend payout ratio (DPR) is presently -533.33%.

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.