Kellett Wealth Advisors LLC Takes $40,000 Position in B2Gold Corp. (NYSEAMERICAN:BTG)

Kellett Wealth Advisors LLC purchased a new stake in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,500 shares of the basic materials company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTG. Quantbot Technologies LP raised its stake in B2Gold by 82.3% during the 3rd quarter. Quantbot Technologies LP now owns 429,794 shares of the basic materials company’s stock worth $1,242,000 after buying an additional 193,996 shares during the period. Vanguard Group Inc. raised its position in shares of B2Gold by 20.3% during the third quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company’s stock worth $140,291,000 after purchasing an additional 8,177,437 shares during the period. Van ECK Associates Corp lifted its holdings in shares of B2Gold by 9.0% during the 3rd quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company’s stock valued at $450,601,000 after purchasing an additional 12,836,388 shares in the last quarter. Deutsche Bank AG grew its position in shares of B2Gold by 10.2% in the 3rd quarter. Deutsche Bank AG now owns 4,958,471 shares of the basic materials company’s stock valued at $14,330,000 after purchasing an additional 457,456 shares during the period. Finally, Gabelli Funds LLC increased its stake in B2Gold by 4.1% during the 3rd quarter. Gabelli Funds LLC now owns 4,712,600 shares of the basic materials company’s stock worth $13,619,000 after purchasing an additional 186,600 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

Shares of B2Gold stock traded down $0.04 during midday trading on Thursday, hitting $2.62. 10,976,794 shares of the company traded hands, compared to its average volume of 12,123,145. The business has a fifty day simple moving average of $2.90. The stock has a market capitalization of $3.41 billion, a PE ratio of 130.82, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. B2Gold Corp. has a 12 month low of $2.34 and a 12 month high of $4.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $511.97 million for the quarter, compared to the consensus estimate of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The company’s revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. Equities research analysts forecast that B2Gold Corp. will post 0.22 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s payout ratio is 400.20%.

Wall Street Analyst Weigh In

Several analysts have issued reports on BTG shares. CIBC downgraded B2Gold from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $4.20 to $3.60 in a research note on Thursday, January 25th. Jefferies Financial Group assumed coverage on B2Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $3.50 target price on the stock. Finally, Royal Bank of Canada decreased their price target on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.10.

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.