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

Toronto Dominion Bank lessened its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 369,085 shares of the company's stock after selling 161,655 shares during the quarter. Toronto Dominion Bank's holdings in B2Gold were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in B2Gold during the 4th quarter valued at $40,192,000. American Century Companies Inc. increased its position in shares of B2Gold by 31.3% during the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock valued at $55,436,000 after buying an additional 5,401,334 shares during the period. Invesco Ltd. raised its stake in B2Gold by 32.7% in the fourth quarter. Invesco Ltd. now owns 15,987,385 shares of the company's stock worth $39,009,000 after buying an additional 3,939,040 shares in the last quarter. Bank of America Corp DE raised its stake in B2Gold by 577.0% in the fourth quarter. Bank of America Corp DE now owns 4,519,757 shares of the company's stock worth $11,028,000 after buying an additional 3,852,095 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in B2Gold by 15.7% in the fourth quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company's stock worth $50,448,000 after buying an additional 2,799,520 shares during the period. Hedge funds and other institutional investors own 61.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. CIBC upped their target price on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Raymond James restated an "outperform" rating and set a $4.50 price target on shares of B2Gold in a research report on Friday, April 4th. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Wall Street Zen raised B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.21.

B2Gold Stock Up 6.8%

Shares of NYSE BTG traded up $0.23 during trading on Monday, reaching $3.60. The company had a trading volume of 80,524,741 shares, compared to its average volume of 25,674,525. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $3.66. 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 business's 50-day moving average is $3.09 and its 200 day moving average is $2.81. The stock has a market cap of $4.76 billion, a PE ratio of -7.50, a P/E/G ratio of 0.33 and a beta of 0.43.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings results 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%. The company's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. As a group, equities analysts forecast that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold's dividend payout ratio (DPR) is currently -17.02%.

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.