Cadence Wealth Management LLC Acquires 21,210 Shares of B2Gold Corp. (NYSEAMERICAN:BTG)

Cadence Wealth Management LLC grew its holdings in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,434 shares of the basic materials company’s stock after buying an additional 21,210 shares during the quarter. B2Gold makes up 0.4% of Cadence Wealth Management LLC’s portfolio, making the stock its 20th largest position. Cadence Wealth Management LLC’s holdings in B2Gold were worth $529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP increased its stake in shares of 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 purchasing an additional 193,996 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of B2Gold by 20.3% during the 3rd 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 last quarter. Van ECK Associates Corp increased its stake 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 worth $450,601,000 after purchasing an additional 12,836,388 shares during the last quarter. Deutsche Bank AG increased its stake in shares of B2Gold by 10.2% during the 3rd quarter. Deutsche Bank AG now owns 4,958,471 shares of the basic materials company’s stock worth $14,330,000 after purchasing an additional 457,456 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of 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 during the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Trading Up 1.6 %

NYSEAMERICAN:BTG traded up $0.04 on Friday, hitting $2.62. The company had a trading volume of 10,002,389 shares, compared to its average volume of 16,485,733. The stock has a market cap of $3.41 billion, a PE ratio of 131.07, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average price is $2.88. B2Gold Corp. has a 52 week low of $2.34 and a 52 week high of $4.29.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The company had revenue of $511.97 million during the quarter, compared to the consensus estimate of $512.00 million. During the same period in the previous year, the company earned $0.15 EPS. B2Gold’s revenue for the quarter was down 13.6% on a year-over-year basis. As a group, equities analysts forecast that B2Gold Corp. will post 0.25 EPS for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio (DPR) is currently 400.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BTG shares. Jefferies Financial Group started coverage on shares of B2Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $3.50 price target on the stock. Royal Bank of Canada decreased their target price on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research report on Thursday, March 28th. Finally, CIBC lowered shares of B2Gold from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $4.20 to $3.60 in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.10.

B2Gold 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.