Centiva Capital LP Sells 255,986 Shares of B2Gold Corp. (NYSE:BTG)

Centiva Capital LP reduced its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 78.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,096 shares of the company's stock after selling 255,986 shares during the period. Centiva Capital LP's holdings in B2Gold were worth $219,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BTG. Point72 DIFC Ltd boosted its stake in B2Gold by 16.6% during the second quarter. Point72 DIFC Ltd now owns 21,471 shares of the company's stock worth $58,000 after acquiring an additional 3,053 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of B2Gold by 35.0% during the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock worth $42,000 after purchasing an additional 3,500 shares in the last quarter. Creative Planning grew its stake in shares of B2Gold by 6.2% in the 3rd quarter. Creative Planning now owns 82,324 shares of the company's stock valued at $254,000 after buying an additional 4,810 shares during the period. Concurrent Investment Advisors LLC increased its position in B2Gold by 24.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company's stock valued at $82,000 after buying an additional 5,257 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in B2Gold by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock worth $42,000 after buying an additional 5,764 shares during the period. 61.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BTG shares. Jefferies Financial Group boosted their price objective on B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a report on Friday, October 4th. Cibc World Mkts lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Tuesday, September 24th. 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. Finally, StockNews.com cut shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Six 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.com, the company has an average rating of "Hold" and a consensus price target of $4.12.

B2Gold Stock Down 2.8 %

Shares of NYSE BTG traded down $0.08 during trading on Friday, hitting $2.63. The stock had a trading volume of 10,692,679 shares, compared to its average volume of 12,743,099. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a fifty day moving average of $3.03 and a two-hundred day moving average of $2.91. B2Gold Corp. has a 12 month low of $2.34 and a 12 month high of $3.50. The company has a market capitalization of $3.45 billion, a PE ratio of -4.68, a PEG ratio of 0.53 and a beta of 1.08.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $449.28 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities research analysts forecast that B2Gold Corp. will post 0.23 EPS for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders 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 yield of 6.10%. B2Gold's dividend payout ratio is currently -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.