Nordea Investment Management AB makes a new investment of $ 7.33 million in B2Gold Corp. (NYSEAMERICAN: BTG)


Nordea Investment Management AB acquires a new stake in B2Gold Corp. (NYSEAMERICAN: BTG – Get Rating) (TSE: BTO) in the first quarter, reports Holdings Channel. The institutional investor acquired 1,589,200 shares of the company’s stock for basic materials worth approximately $ 7,326,000.

Other large investors have also recently made changes to their positions in the company. Smith Group Asset Management LLC increased its stake in B2Gold by 61.5% in the fourth quarter. Smith Group Asset Management LLC now owns 7,879 shares of the company’s stock for basic materials worth $ 39,000 after buying an additional 3,000 shares in the last quarter. Wesbanco Bank Inc. bought a new position in B2Gold shares in the 4th quarter worth about $ 41,000. Squarepoint Ops LLC acquired a new position in B2Gold shares in the third quarter worth about $ 49,000. Thrivent Financial for Lutherans increased its stake in B2Gold shares by 57.6% in the third quarter. Thrivent Financial for Lutherans already owns 17,496 shares of the company’s stock for basic materials worth $ 60,000 after buying an additional 6,396 shares in the last quarter. Finally, Van Hulzen Asset Management LLC acquired a new stake in B2Gold in the fourth quarter worth about $ 62,000. Hedge funds and other institutional investors hold 52.70% of the company’s stock.

BTG has been the subject of a number of analyst reports. Scotiabank raised its target for B2Gold stock prices from C $ 8.00 to C $ 8.25 in a research note on Tuesday, April 19. National Bank Financial raised its B2Gold share price target from C $ 7.75 to C $ 8.50 in a report on Wednesday (April 20th). Finally, Raymond James set a target price of $ 6.00 for B2Gold shares and gave the shares a rating of “superior” in a research note on Thursday, May 5. One stock research analyst rated the shares with a sell rating, one issued a hold rating and five issued a buy rating of the company’s shares. According to MarketBeat.com, the shares currently have a consensus rating of “Moderate Buying” and a consensus target price of $ 7.28.

Shares of B2Gold opened at $ 3.61 on Friday. The company has a debt-to-equity ratio of 0.02, a fast ratio of 3.54 and a current ratio of 4.89. B2Gold Corp. has a twelve-month low of $ 3.30 and a twelve-month high of $ 5.07. The shares have a market capitalization of $ 3.81 billion, a P / E ratio of 8.40 and a beta of 1.01.

B2Gold (NYSEAMERICAN: BTG – Get Rating) (TSE: BTO) last released its earnings results on Tuesday, May 3rd. The basic materials company reported earnings of $ 0.06 per share for the quarter, beating the consensus estimate of $ 0.05 by $ 0.01. B2Gold had a return on equity of 15.30% and a net profit of 26.32%. The business had revenue of $ 365.58 million for the quarter, compared to the consensus estimate of $ 342.64 million. Sales analysts predict that B2Gold Corp. will report 0.4 EPS for the current year.

The company also recently announced a three-month dividend, which will be paid on Wednesday, June 29. The record shareholders on Monday, June 20, will receive a dividend of $ 0.04 per share. The date of the former dividend of this dividend is Thursday, June 16. This represents a $ 0.16 annual dividend and a yield of 4.43%. B2Gold’s dividend payout ratio (DPR) is currently 37.21%.

B2Gold profile (Get a rating)

B2Gold Corp. operates as a gold producer with three active mines in Mali, the Philippines and Namibia. It manages the Fekola mine in Mali, the Masbate mine in the Philippines and the Otjikoto mine in Namibia. The company also has a 25% stake in Caliber Mining Corp .; and approximately 19% stake in BeMetals Corp.

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Want to see what other hedge funds hold BTG? Visit HoldingsChannel.com to receive the latest 13F orders and domestic deals for B2Gold Corp. (NYSEAMERICAN: BTG – Get rating) (TSE: BTO).

Institutional ownership by quarter for B2Gold (NYSEAMERICAN: BTG)



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