Cubist Systematic Strategies LLC Has $5.33 Million Stock Position in B2Gold Corp. (NYSE:BTG)

Cubist Systematic Strategies LLC boosted its stake in B2Gold Corp. (NYSE:BTG) by 133.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,977,354 shares of the company’s stock after buying an additional 1,131,534 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.15% of B2Gold worth $5,334,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of Montreal Can grew its stake in B2Gold by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock valued at $34,824,000 after buying an additional 282,070 shares during the last quarter. Sei Investments Co. grew its stake in B2Gold by 31.3% in the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock valued at $90,000 after buying an additional 7,974 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in B2Gold by 212.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,166,200 shares of the company’s stock valued at $3,128,000 after buying an additional 792,700 shares during the last quarter. XTX Topco Ltd grew its stake in B2Gold by 19.0% in the 2nd quarter. XTX Topco Ltd now owns 191,010 shares of the company’s stock valued at $516,000 after buying an additional 30,539 shares during the last quarter. Finally, Rathbones Group PLC grew its stake in B2Gold by 25.1% in the 2nd quarter. Rathbones Group PLC now owns 101,122 shares of the company’s stock valued at $272,000 after buying an additional 20,317 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. CIBC upped their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Tuesday. Scotiabank lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group increased their target price on shares of B2Gold from $3.50 to $4.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a research report on Tuesday, September 17th. Finally, Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.78.

B2Gold Trading Down 3.6 %

Shares of B2Gold stock opened at $3.21 on Friday. The stock’s 50 day moving average price is $2.90. B2Gold Corp. has a 1-year low of $2.34 and a 1-year high of $3.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. The company has a market cap of $4.20 billion, a P/E ratio of -107.00, a PEG ratio of 0.54 and a beta of 1.14.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm had revenue of $492.57 million for the quarter. Research analysts forecast that B2Gold Corp. will post 0.25 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is presently -533.33%.

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.