TD Asset Management Inc Buys 129,874 Shares of B2Gold Corp. $BTG

Key Points

• TD Asset Management Inc increased its stake in B2Gold Corp by 3.2%, acquiring an additional 129,874 shares, bringing its total ownership to over 4.1 million shares worth approximately $14.9 million.
• B2Gold's latest quarterly earnings reported a missed EPS estimate of $0.12, compared to the consensus estimate of $0.13, despite a 40.5% year-over-year revenue increase.
• The company recently declared a $0.02 quarterly dividend, equating to an annualized dividend of $0.08 with a yield of 1.4%, amid a payout ratio of -22.86%.

TD Asset Management Inc boosted its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,132,822 shares of the company's stock after buying an additional 129,874 shares during the quarter. TD Asset Management Inc owned approximately 0.31% of B2Gold worth $14,902,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BTG. Independent Wealth Network Inc. purchased a new position in B2Gold during the first quarter valued at approximately $28,000. OMERS ADMINISTRATION Corp purchased a new position in B2Gold during the first quarter valued at approximately $38,000. Comprehensive Money Management Services LLC purchased a new position in B2Gold during the second quarter valued at approximately $40,000. Moors & Cabot Inc. purchased a new position in B2Gold during the first quarter valued at approximately $41,000. Finally, ORG Partners LLC increased its holdings in B2Gold by 689.0% during the second quarter. ORG Partners LLC now owns 14,297 shares of the company's stock valued at $50,000 after buying an additional 12,485 shares during the period. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Trading Down 6.6%

NYSE:BTG opened at $5.55 on Friday. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $5.94. The firm has a fifty day simple moving average of $4.52 and a 200-day simple moving average of $3.76. 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 company has a market capitalization of $7.34 billion, a P/E ratio of -11.56, a PEG ratio of 0.33 and a beta of 0.45.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.12 EPS 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 earned $0.06 EPS. The firm's revenue was up 40.5% on a year-over-year basis. On average, equities research analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th were paid 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 payout ratio is presently -22.86%.

Analysts Set New Price Targets

Several research firms have issued reports on BTG. Zacks Research lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. CIBC lifted their price target on shares of B2Gold from $4.50 to $6.50 and gave the stock a "neutral" rating in a report on Friday, October 10th. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. Finally, Raymond James Financial lifted their price target on shares of B2Gold from $4.75 to $6.00 and gave the stock an "outperform" rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.25.

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.

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