Virtu Financial LLC Purchases New Stake in B2Gold Corp. (NYSE:BTG)

Key Points

• Virtu Financial LLC has acquired a new stake in B2Gold Corp. (NYSE:BTG), purchasing 69,093 shares valued at approximately $197,000 during the first quarter.
• B2Gold's stock has received multiple ratings upgrades, with Raymond James Financial setting a price target of $4.50 and others adjusting their ratings to "moderate buy" or "outperform."
• The company recently announced a quarterly dividend of $0.02 per share, representing a 2.1% dividend yield, with payment scheduled for September 23rd.

Virtu Financial LLC purchased a new stake in B2Gold Corp. (NYSE:BTG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 69,093 shares of the company's stock, valued at approximately $197,000.

A number of other institutional investors have also recently modified their holdings of BTG. Cantor Fitzgerald L. P. purchased a new stake in shares of B2Gold in the fourth quarter valued at approximately $25,000. Independent Wealth Network Inc. purchased a new stake in shares of B2Gold in the first quarter valued at approximately $28,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of B2Gold in the fourth quarter valued at approximately $30,000. Kercheville Advisors LLC purchased a new stake in shares of B2Gold in the first quarter valued at approximately $31,000. Finally, Walker Asset Management LLC purchased a new stake in shares of B2Gold in the first quarter valued at approximately $32,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BTG has been the topic of a number of analyst reports. Raymond James Financial upgraded B2Gold to a "moderate buy" rating and set a $4.50 price target on the stock in a research note on Monday, June 30th. CIBC reiterated a "neutral" rating and set a $4.00 target price (up from $3.60) on shares of B2Gold in a research report on Tuesday, July 15th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, B2Gold presently has an average rating of "Hold" and an average target price of $4.31.

B2Gold Stock Performance

NYSE BTG opened at $3.90 on Friday. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $3.94. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of -8.13, a price-to-earnings-growth ratio of 0.33 and a beta of 0.39. The business has a fifty day moving average of $3.59 and a 200-day moving average of $3.19. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates 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 period last year, the firm earned $0.06 earnings per share. The firm's revenue was up 40.5% compared to the same quarter last year. As a group, analysts predict that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's payout ratio is -22.86%.

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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