B2Gold Corp. (NYSE:BTG) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in shares of B2Gold Corp. (NYSE:BTG) by 62.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,083 shares of the company’s stock after selling 119,927 shares during the period. XTX Topco Ltd’s holdings in B2Gold were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BTG. Van ECK Associates Corp raised its stake in shares of B2Gold by 40.6% during the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after buying an additional 47,967,010 shares during the last quarter. Two Sigma Advisers LP raised its position in B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock valued at $55,058,000 after acquiring an additional 7,165,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in B2Gold by 69.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after acquiring an additional 4,754,500 shares during the period. American Century Companies Inc. boosted its position in B2Gold by 39.4% in the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after purchasing an additional 3,474,553 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of B2Gold by 80.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after purchasing an additional 3,311,970 shares during the period. 61.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BTG shares. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Jefferies Financial Group raised their target price on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. CIBC raised their price objective on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Trading Down 2.0 %

BTG stock opened at $2.44 on Friday. The business’s 50-day moving average is $2.98 and its 200 day moving average is $2.90. B2Gold Corp. has a 12-month low of $2.34 and a 12-month high of $3.50. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of -4.36, a PEG ratio of 0.53 and a beta of 1.08. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, sell-side analysts anticipate that B2Gold Corp. will post 0.23 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is -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.