B2Gold Corp. $BTG Shares Bought by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in shares of B2Gold Corp. (NYSE:BTG) by 3.2% in the second quarter, HoldingsChannel reports. The firm owned 4,132,822 shares of the company’s stock after buying an additional 129,874 shares during the period. TD Asset Management Inc’s holdings in B2Gold were worth $14,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in B2Gold during the first quarter valued at $278,000. Euro Pacific Asset Management LLC lifted its position in B2Gold by 19.3% during the second quarter. Euro Pacific Asset Management LLC now owns 6,953,735 shares of the company’s stock valued at $25,105,000 after purchasing an additional 1,124,681 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in B2Gold by 58.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 188,530 shares of the company’s stock valued at $536,000 after purchasing an additional 69,177 shares during the period. Amundi lifted its position in B2Gold by 33.3% during the first quarter. Amundi now owns 10,849,897 shares of the company’s stock valued at $31,682,000 after purchasing an additional 2,710,857 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in B2Gold during the first quarter valued at $2,342,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Down 6.6%

BTG stock opened at $5.55 on Friday. B2Gold Corp. has a 52 week low of $2.20 and a 52 week high of $5.94. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $4.52 and a 200-day simple moving average of $3.76. The stock has a market capitalization of $7.34 billion, a P/E ratio of -11.56, a P/E/G ratio of 0.33 and a beta of 0.45.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.During the same quarter last year, the company posted $0.06 EPS. The company’s quarterly revenue was up 40.5% compared to the same quarter last year. Equities analysts forecast that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, September 10th. B2Gold’s dividend payout ratio is -22.86%.

Analyst Ratings Changes

BTG has been the subject of a number of analyst reports. CIBC upped their price objective on shares of B2Gold from $4.50 to $6.50 and gave the stock a “neutral” rating in a research report on Friday, October 10th. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research report on Wednesday, July 16th. Raymond James Financial upped their price objective on shares of B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Zacks Research downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.25.

About B2Gold

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.