Fmr LLC Increases Position in B2Gold Corp. (NYSE:BTG)

Fmr LLC increased its stake in shares of B2Gold Corp. (NYSE:BTG) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,489,129 shares of the company’s stock after purchasing an additional 438,399 shares during the quarter. Fmr LLC’s holdings in B2Gold were worth $183,862,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BTG. Van ECK Associates Corp raised its holdings in B2Gold by 40.6% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of B2Gold by 69.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock worth $35,837,000 after acquiring an additional 4,754,500 shares in the last quarter. American Century Companies Inc. lifted its position in 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 acquiring an additional 3,474,553 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in B2Gold by 80.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock valued at $19,957,000 after acquiring an additional 3,311,970 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in B2Gold in the second quarter worth $6,912,000. Institutional investors own 61.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group boosted their target price on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research 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. According to MarketBeat, B2Gold currently has an average rating of “Hold” and an average target price of $4.12.

B2Gold Stock Performance

BTG opened at $2.75 on Tuesday. The stock has a market cap of $3.61 billion, a P/E ratio of -4.91, a P/E/G ratio of 0.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a fifty day moving average price of $3.10 and a 200 day moving average price of $2.91. B2Gold Corp. has a 1 year low of $2.34 and a 1 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). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The firm had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. During the same period in the previous year, the company earned $0.05 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year. Equities research analysts anticipate that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is presently -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.