Quantbot Technologies LP Has $371,000 Stock Holdings in B2Gold Corp. (NYSE:BTG)

Quantbot Technologies LP cut its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 78.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,539 shares of the company's stock after selling 450,810 shares during the quarter. Quantbot Technologies LP's holdings in B2Gold were worth $371,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. E&G Advisors LP acquired a new position in shares of B2Gold during the 3rd quarter worth approximately $31,000. Private Advisor Group LLC bought a new stake in B2Gold in the 3rd quarter valued at $33,000. Moors & Cabot Inc. boosted its stake in B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock valued at $42,000 after purchasing an additional 3,500 shares during the period. Blue Trust Inc. boosted its stake in B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock valued at $42,000 after purchasing an additional 5,764 shares during the period. Finally, Continuum Advisory LLC bought a new stake in B2Gold in the 2nd quarter valued at $40,000. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Price Performance

Shares of B2Gold stock traded down $0.01 during trading on Wednesday, reaching $2.79. 10,843,789 shares of the company's stock were exchanged, compared to its average volume of 12,667,695. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a 1-year low of $2.34 and a 1-year high of $3.50. The company has a market cap of $3.66 billion, a P/E ratio of -4.97, a PEG ratio of 0.52 and a beta of 1.08. The firm's 50-day moving average price is $3.08 and its 200 day moving average price is $2.91.

B2Gold (NYSE:BTG - Get Free Report) 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). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The firm had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. During the same period in the previous year, the company earned $0.05 EPS. B2Gold's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, research analysts anticipate that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 5.75%. B2Gold's payout ratio is presently -28.57%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada restated a "sector perform" rating and issued a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. Cibc World Mkts downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Cormark downgraded B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. CIBC boosted their price target on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Tuesday, September 24th. Finally, Scotiabank downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $4.12.

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.