Barclays PLC Has $2.80 Million Holdings in B2Gold Corp. (NYSE:BTG)

Barclays PLC lifted its stake in shares of B2Gold Corp. (NYSE:BTG) by 23.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 910,558 shares of the company’s stock after purchasing an additional 174,477 shares during the period. Barclays PLC’s holdings in B2Gold were worth $2,804,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Raymond James Trust N.A. lifted its holdings in B2Gold by 69.3% during the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock worth $61,000 after buying an additional 9,258 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of B2Gold during the second quarter valued at $6,912,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in B2Gold by 7.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,605 shares of the company’s stock valued at $828,000 after acquiring an additional 22,028 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in B2Gold in the second quarter worth about $57,000. Finally, Commonwealth Equity Services LLC raised its holdings in B2Gold by 94.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 86,040 shares of the company’s stock worth $232,000 after purchasing an additional 41,850 shares during the last quarter. 61.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

B2Gold Stock Performance

Shares of B2Gold stock opened at $2.49 on Wednesday. The stock’s fifty day simple moving average is $2.95 and its 200 day simple moving average is $2.90. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.27 billion, a PE ratio of -4.45, a PEG ratio of 0.53 and a beta of 1.08. B2Gold Corp. has a 12 month low of $2.34 and a 12 month high of $3.50.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same period in the prior year, the business earned $0.05 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, research analysts predict that B2Gold Corp. will post 0.23 EPS for the current year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio is -28.57%.

B2Gold 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.