Quadrature Capital Ltd Buys Shares of 1,654,400 B2Gold Corp. (NYSE:BTG)

Quadrature Capital Ltd acquired a new position in shares of B2Gold Corp. (NYSE:BTG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,654,400 shares of the company's stock, valued at approximately $5,113,000. Quadrature Capital Ltd owned 0.13% of B2Gold as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 DIFC Ltd raised 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 during the period. Moors & Cabot Inc. increased its stake in shares of B2Gold by 35.0% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock valued at $42,000 after purchasing an additional 3,500 shares during the period. Creative Planning increased its stake in shares of B2Gold by 6.2% in the third quarter. Creative Planning now owns 82,324 shares of the company's stock valued at $254,000 after purchasing an additional 4,810 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of B2Gold by 24.7% in the third quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company's stock valued at $82,000 after purchasing an additional 5,257 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of B2Gold by 72.1% in the third 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 and hedge funds own 61.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. 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. CIBC raised their price target 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. Cibc World Mkts lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. StockNews.com lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Finally, Cormark lowered shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $4.12.

B2Gold Price Performance

Shares of NYSE BTG traded down $0.09 during mid-day trading on Friday, reaching $2.61. 15,186,389 shares of the company traded hands, compared to its average volume of 12,702,049. B2Gold Corp. has a fifty-two week low of $2.34 and a fifty-two week high of $3.50. 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 market cap of $3.43 billion, a PE ratio of -4.66, a price-to-earnings-growth ratio of 0.53 and a beta of 1.08. The stock has a fifty day simple moving average of $3.06 and a 200-day simple moving average of $2.91.

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). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The company had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same quarter in the prior year, the business earned $0.05 EPS. B2Gold's revenue was down 6.2% compared to the same quarter last year. Equities research analysts anticipate that B2Gold Corp. will post 0.23 EPS for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Monday, December 2nd. B2Gold's payout ratio is -28.57%.

B2Gold 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.