B2Gold Corp. (NYSEAMERICAN:BTG) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its position in B2Gold Corp. (NYSEAMERICAN:BTG - Free Report) TSE: BTO by 42.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 784,175 shares of the basic materials company's stock after selling 579,936 shares during the period. Toronto Dominion Bank owned approximately 0.06% of B2Gold worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTG. Independent Wealth Network Inc. purchased a new stake in shares of B2Gold in the 1st quarter valued at $26,000. Wesbanco Bank Inc. purchased a new stake in B2Gold in the first quarter valued at $27,000. Castle Wealth Management LLC acquired a new stake in B2Gold during the 1st quarter worth about $28,000. Private Advisor Group LLC purchased a new position in shares of B2Gold during the 4th quarter valued at about $38,000. Finally, Kellett Wealth Advisors LLC acquired a new position in shares of B2Gold in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 61.40% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, B2Gold presently has an average rating of "Moderate Buy" and an average price target of $4.57.

B2Gold Stock Performance

Shares of NYSEAMERICAN:BTG traded up $0.03 during midday trading on Friday, hitting $2.91. The company's stock had a trading volume of 5,515,326 shares, compared to its average volume of 11,381,353. B2Gold Corp. has a 12-month low of $2.34 and a 12-month high of $3.60. The stock has a market cap of $3.81 billion, a P/E ratio of -96.97, a P/E/G ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.99. The business's 50 day moving average is $2.78.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $461.40 million for the quarter, compared to the consensus estimate of $453.81 million. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. The firm's revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. On average, sell-side analysts predict that B2Gold Corp. will post 0.26 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Tuesday, June 11th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.16 annualized dividend and a yield of 5.50%. B2Gold's payout ratio is -533.16%.

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.