Fmr LLC Has $183.86 Million Stock Holdings in B2Gold Corp. (NYSE:BTG)

FMR LLC increased its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,489,129 shares of the company's stock after acquiring an additional 438,399 shares during the period. FMR LLC owned approximately 4.53% of B2Gold worth $183,862,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BTG. The Manufacturers Life Insurance Company grew its holdings in B2Gold by 3.4% in the third quarter. The Manufacturers Life Insurance Company now owns 7,701,328 shares of the company's stock worth $23,819,000 after purchasing an additional 251,045 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of B2Gold by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,957,155 shares of the company's stock valued at $12,243,000 after buying an additional 143,663 shares during the period. Moors & Cabot Inc. grew its stake in shares of 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 buying an additional 3,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of B2Gold by 69.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company's stock worth $35,837,000 after purchasing an additional 4,754,500 shares during the period. Finally, KPP Advisory Services LLC lifted its holdings in B2Gold by 26.1% during the 3rd quarter. KPP Advisory Services LLC now owns 44,450 shares of the company's stock worth $137,000 after buying an additional 9,200 shares in the last quarter. Institutional investors own 61.40% of the company's stock.

B2Gold Price Performance

BTG traded up $0.07 during midday trading on Tuesday, reaching $2.83. 11,019,875 shares of the company's stock were exchanged, compared to its average volume of 12,651,785. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a one year low of $2.34 and a one year high of $3.50. The business has a 50-day simple moving average of $3.10 and a two-hundred day simple moving average of $2.91.

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

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 5.65%. B2Gold's dividend payout ratio is presently -28.57%.

Analysts Set New Price Targets

BTG has been the topic of several analyst reports. Cormark downgraded shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, August 12th. CIBC lifted their price objective on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $3.75 price target on shares of B2Gold in a research report 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, Scotiabank cut B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 9th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $4.12.

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.