Quadrature Capital Ltd Buys New Holdings in B2Gold Corp. (NYSE:BTG)

Quadrature Capital Ltd bought a new stake in B2Gold Corp. (NYSE:BTG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,654,400 shares of the company’s stock, valued at approximately $5,113,000. Quadrature Capital Ltd owned approximately 0.13% of B2Gold at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. E&G Advisors LP acquired a new position in shares of B2Gold in the third quarter valued at $31,000. Private Advisor Group LLC acquired a new position in B2Gold during the third quarter worth $33,000. Flow Traders U.S. LLC acquired a new position in B2Gold during the third quarter worth $35,000. HighTower Advisors LLC acquired a new position in B2Gold during the third quarter worth $36,000. Finally, Continuum Advisory LLC acquired a new position in B2Gold during the second quarter worth $40,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on BTG shares. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. CIBC increased their price objective on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a research note on Tuesday, September 17th. Jefferies Financial Group increased their target price on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.12.

B2Gold Price Performance

Shares of BTG opened at $2.70 on Friday. The stock has a market cap of $3.55 billion, a P/E ratio of -4.82, a price-to-earnings-growth ratio of 0.53 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. The stock’s 50-day moving average price is $3.07 and its two-hundred day moving average price is $2.91. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.50.

B2Gold (NYSE:BTG) last released its quarterly earnings results 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 positive return on equity of 7.53% and a negative net margin of 38.42%. The business had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same period in the prior year, the business earned $0.05 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, equities analysts predict that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Monday, December 2nd. B2Gold’s dividend payout ratio is presently -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.