Walleye Capital LLC Acquires New Holdings in B2Gold Corp. (NYSE:BTG)

Walleye Capital LLC acquired a new stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 651,918 shares of the company's stock, valued at approximately $2,008,000.

A number of other institutional investors have also recently bought and sold shares of BTG. Van ECK Associates Corp grew its holdings in B2Gold by 40.6% during the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company's stock valued at $566,312,000 after purchasing an additional 47,967,010 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in B2Gold by 69.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company's stock valued at $35,837,000 after buying an additional 4,754,500 shares in the last quarter. American Century Companies Inc. lifted its stake in B2Gold by 39.4% in the second quarter. American Century Companies Inc. now owns 12,284,484 shares of the company's stock valued at $33,053,000 after buying an additional 3,474,553 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in B2Gold by 80.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company's stock valued at $19,957,000 after buying an additional 3,311,970 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in B2Gold in the second quarter valued at approximately $6,912,000. Institutional investors and hedge funds own 61.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BTG. Cormark lowered shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. CIBC boosted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 24th. StockNews.com lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Scotiabank lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. Finally, Cibc World Mkts downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.12.

B2Gold Stock Performance

Shares of BTG stock traded down $0.02 on Wednesday, hitting $2.78. The company's stock had a trading volume of 10,800,535 shares, compared to its average volume of 12,666,757. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock's 50 day moving average is $3.09 and its 200-day moving average is $2.91. B2Gold Corp. has a fifty-two week low of $2.34 and a fifty-two week high of $3.50. The company has a market capitalization of $3.65 billion, a PE ratio of -4.99, a PEG ratio of 0.52 and a beta of 1.08.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The firm had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. During the same period in the prior year, the company earned $0.05 EPS. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. Equities research analysts expect that B2Gold Corp. will post 0.23 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.76%. B2Gold's dividend payout ratio (DPR) is currently -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.