Toronto Dominion Bank Trims Stock Position in B2Gold Corp. (NYSE:BTG)

Toronto Dominion Bank decreased its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369,085 shares of the company's stock after selling 161,655 shares during the period. Toronto Dominion Bank's holdings in B2Gold were worth $903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in shares of B2Gold by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock worth $41,000 after purchasing an additional 5,288 shares during the period. Cadence Wealth Management LLC increased its holdings in shares of B2Gold by 3.5% during the 4th quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company's stock worth $580,000 after purchasing an additional 7,990 shares during the period. Signaturefd LLC increased its holdings in shares of B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after purchasing an additional 8,250 shares during the period. Cantor Fitzgerald L. P. bought a new position in shares of B2Gold during the 4th quarter worth about $25,000. Finally, FIL Ltd increased its holdings in shares of B2Gold by 37.5% during the 4th quarter. FIL Ltd now owns 38,047 shares of the company's stock worth $93,000 after purchasing an additional 10,373 shares during the period. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Stock Down 0.7%

Shares of B2Gold stock traded down $0.03 during trading hours on Thursday, reaching $3.44. The company's stock had a trading volume of 14,340,648 shares, compared to its average volume of 25,081,035. 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 fifty day simple moving average is $3.08 and its two-hundred day simple moving average is $2.80. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.51. The company has a market capitalization of $4.53 billion, a P/E ratio of -7.16, a P/E/G ratio of 0.33 and a beta of 0.43.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the firm earned $0.06 earnings per share. B2Gold's quarterly revenue was up 15.3% on a year-over-year basis. On average, research analysts forecast that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Announces Dividend

The firm 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 $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold's dividend payout ratio (DPR) is currently -17.02%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. National Bankshares reissued an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Raymond James reaffirmed an "outperform" rating and set a $4.50 price objective on shares of B2Gold in a research note on Friday, April 4th. CIBC upped their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Finally, TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $4.21.

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.