Centiva Capital LP Sells 255,986 Shares of B2Gold Corp. (NYSE:BTG)

Centiva Capital LP decreased its holdings in B2Gold Corp. (NYSE:BTG) by 78.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 71,096 shares of the company’s stock after selling 255,986 shares during the quarter. Centiva Capital LP’s holdings in B2Gold were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp grew its position in B2Gold by 40.6% during the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock worth $566,312,000 after acquiring an additional 47,967,010 shares during the last quarter. FMR LLC grew its position in B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after acquiring an additional 438,399 shares during the last quarter. Bank of Montreal Can grew its position in B2Gold by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock worth $34,824,000 after acquiring an additional 282,070 shares during the last quarter. American Century Companies Inc. grew its position in B2Gold by 39.4% during the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after acquiring an additional 3,474,553 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in 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 during the last quarter. Institutional investors own 61.40% of the company’s stock.

B2Gold Stock Down 4.4 %

Shares of NYSE:BTG opened at $2.70 on Friday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -4.81, a P/E/G ratio of 0.49 and a beta of 1.08. 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 business’s 50-day moving average is $3.03 and its 200-day moving average is $2.91. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.50.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The business had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. Equities research analysts predict that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is currently -28.57%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a research report on Tuesday, September 17th. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, CIBC upped their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and an average target price of $4.12.

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.