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

Toronto Dominion Bank lessened its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 30.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTG. Cantor Fitzgerald L. P. bought 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 during the fourth quarter valued at approximately $29,000. Schonfeld Strategic Advisors LLC bought a new position in B2Gold in the fourth quarter worth approximately $30,000. Signaturefd LLC lifted its stake 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 last quarter. Finally, Carrera Capital Advisors purchased a new stake in shares of B2Gold during the fourth quarter valued at about $39,000. Institutional investors own 61.40% of the company's stock.

B2Gold Price Performance

Shares of BTG stock traded up $0.02 during mid-day trading on Tuesday, hitting $3.38. 61,424,736 shares of the stock were exchanged, compared to its average volume of 25,035,502. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.51. 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 company has a market cap of $4.46 billion, a PE ratio of -7.04, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43. The firm has a fifty day moving average of $3.07 and a 200 day moving average of $2.79.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 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 period last year, the firm posted $0.06 earnings per share. The business's revenue was up 15.3% compared to the same quarter last year. Research analysts anticipate 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 paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold's dividend payout ratio is currently -17.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. National Bankshares reissued an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Raymond James restated an "outperform" rating and set a $4.50 price target on shares of B2Gold in a research note on Friday, April 4th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.