Toronto Dominion Bank Raises Stake in B2Gold Corp. (NYSE:BTG)

Toronto Dominion Bank boosted its holdings in B2Gold Corp. (NYSE:BTG) by 6.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 530,740 shares of the company’s stock after buying an additional 33,194 shares during the period. Toronto Dominion Bank’s holdings in B2Gold were worth $1,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. E&G Advisors LP purchased a new position in shares of B2Gold in the 3rd quarter valued at $31,000. Private Advisor Group LLC purchased a new position in B2Gold in the third quarter valued at about $33,000. Flow Traders U.S. LLC acquired a new position in shares of B2Gold during the third quarter worth about $35,000. HighTower Advisors LLC purchased a new stake in shares of B2Gold in the third quarter worth about $36,000. Finally, Continuum Advisory LLC acquired a new stake in shares of B2Gold in the second quarter valued at about $40,000. 61.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

B2Gold Stock Down 3.0 %

Shares of NYSE:BTG opened at $2.62 on Monday. The firm has a market cap of $3.44 billion, a PE ratio of -4.68, a price-to-earnings-growth ratio of 0.53 and a beta of 1.08. The company has a fifty day simple moving average of $3.02 and a 200 day simple moving average of $2.91. 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 Corp. has a 12-month low of $2.34 and a 12-month high of $3.50.

B2Gold (NYSE:BTG) last issued its earnings results 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 company 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 business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS. On average, equities research analysts anticipate that B2Gold Corp. will post 0.23 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 6.11%. B2Gold’s payout ratio is -28.57%.

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.