National Bank of Canada FI Increases Stock Position in B2Gold Corp. (NYSE:BTG)

National Bank of Canada FI lifted its holdings in B2Gold Corp. (NYSE:BTG - Free Report) by 16.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,915,425 shares of the company's stock after buying an additional 849,925 shares during the quarter. National Bank of Canada FI owned 0.45% of B2Gold worth $18,235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BTG. FMR LLC boosted its stake in shares of B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company's stock worth $183,862,000 after acquiring an additional 438,399 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in B2Gold by 133.8% in the second quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company's stock valued at $5,334,000 after purchasing an additional 1,131,534 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in B2Gold in the 3rd quarter valued at about $2,636,000. Old West Investment Management LLC acquired a new position in B2Gold during the third quarter worth about $1,340,000. Finally, Continuum Advisory LLC purchased a new stake in shares of B2Gold in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

Analyst Upgrades and Downgrades

BTG has been the subject of a number of analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $3.75 price target on shares of B2Gold in a report on Tuesday, September 17th. StockNews.com lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price target on shares of B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Cormark downgraded shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. Finally, CIBC lifted their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, B2Gold currently has an average rating of "Hold" and a consensus target price of $4.12.

B2Gold Trading Up 1.9 %

Shares of BTG traded up $0.05 during mid-day trading on Tuesday, reaching $2.73. The company had a trading volume of 20,400,795 shares, compared to its average volume of 12,749,710. B2Gold Corp. has a fifty-two week low of $2.34 and a fifty-two week high of $3.50. The firm has a fifty day simple moving average of $3.04 and a 200-day simple moving average of $2.91. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -4.88, a price-to-earnings-growth ratio of 0.49 and a beta of 1.08. 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 (NYSE:BTG - Get Free Report) last posted its quarterly 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 firm had revenue of $448.23 million for the quarter, compared to analysts' expectations of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. B2Gold's revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. On average, sell-side analysts anticipate that B2Gold Corp. will post 0.23 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 5.86%. The ex-dividend date is Monday, December 2nd. B2Gold's dividend payout ratio (DPR) is presently -28.57%.

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.