B2Gold Corp. (NYSE:BTG) Stock Holdings Trimmed by Man Group plc

Man Group plc lowered its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 46.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,988 shares of the company's stock after selling 100,512 shares during the quarter. Man Group plc's holdings in B2Gold were worth $285,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BTG. Cantor Fitzgerald L. P. purchased a new stake in shares of B2Gold during the fourth quarter valued at approximately $25,000. Groupama Asset Managment bought a new position in shares of B2Gold in the fourth quarter worth approximately $29,000. Schonfeld Strategic Advisors LLC purchased a new stake in B2Gold during the fourth quarter valued at about $30,000. Signaturefd LLC grew its position in B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after acquiring an additional 8,250 shares during the last quarter. Finally, Carrera Capital Advisors purchased a new stake in shares of B2Gold during the fourth quarter valued at approximately $39,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

Shares of B2Gold stock traded down $0.03 during trading hours on Friday, hitting $3.37. 41,741,322 shares of the company were exchanged, compared to its average volume of 25,454,368. The business has a 50-day moving average of $3.09 and a 200-day moving average of $2.81. 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 has a market capitalization of $4.45 billion, a price-to-earnings ratio of -7.02, a P/E/G ratio of 0.33 and a beta of 0.43. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.51.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same quarter in the previous year, the company posted $0.06 EPS. B2Gold's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts expect that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 2.37%. B2Gold's payout ratio is -17.02%.

Analysts Set New Price Targets

Several brokerages have weighed in on BTG. National Bankshares reissued an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. Raymond James reissued an "outperform" rating and issued a $4.50 price objective on shares of B2Gold in a report on Friday, April 4th. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. CIBC increased their price target on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $4.21.

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.