Geode Capital Management LLC Has $7.54 Million Stock Position in B2Gold Corp. (NYSE:BTG)

Geode Capital Management LLC increased its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 46.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,075,521 shares of the company's stock after purchasing an additional 661,107 shares during the quarter. Geode Capital Management LLC owned 0.16% of B2Gold worth $7,544,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Point72 DIFC Ltd boosted its position in B2Gold by 16.6% during the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company's stock valued at $58,000 after purchasing an additional 3,053 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of B2Gold by 35.0% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock valued at $42,000 after acquiring an additional 3,500 shares during the period. Creative Planning grew its position in shares of B2Gold by 6.2% during the third quarter. Creative Planning now owns 82,324 shares of the company's stock worth $254,000 after acquiring an additional 4,810 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of B2Gold by 24.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company's stock worth $82,000 after acquiring an additional 5,257 shares during the period. Finally, Blue Trust Inc. boosted its stake in B2Gold by 72.1% during 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. Institutional investors own 61.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BTG shares. 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 research note on Friday, October 4th. 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 shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. CIBC increased their target price on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Finally, Cibc World Mkts downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, B2Gold currently has a consensus rating of "Hold" and a consensus target price of $4.12.

B2Gold Trading Down 0.8 %

BTG traded down $0.02 during trading on Friday, reaching $2.57. The company had a trading volume of 8,925,305 shares, compared to its average volume of 10,354,303. 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 12-month low of $2.34 and a 12-month high of $3.50. The company has a market cap of $3.38 billion, a price-to-earnings ratio of -4.59, a PEG ratio of 0.53 and a beta of 1.08. The firm's 50-day simple moving average is $2.79 and its 200 day simple moving average is $2.89.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The firm had revenue of $448.23 million during 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%. The company's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 EPS. Equities research analysts anticipate that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Announces Dividend

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 dividend of $0.04 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 6.23%. B2Gold's payout ratio is presently -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.