XTX Topco Ltd Sells 190,844 Shares of B2Gold Corp. (NYSE:BTG)

Key Points

• XTX Topco Ltd significantly reduced its stake in B2Gold Corp., selling 190,844 shares and leaving it with 44,956 shares, representing an 80.9% decrease in its holdings during the first quarter.
• B2Gold announced a quarterly dividend of $0.02 per share, with the dividend yield at 2.1%, even as it reported a loss in earnings for the quarter.
• Analysts have mixed views on B2Gold, with several raising their ratings; the stock currently holds a consensus "Hold" rating and a target price of $4.31.

XTX Topco Ltd lowered its position in B2Gold Corp. (NYSE:BTG - Free Report) by 80.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,956 shares of the company's stock after selling 190,844 shares during the period. XTX Topco Ltd's holdings in B2Gold were worth $128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Independent Wealth Network Inc. purchased a new stake in shares of B2Gold in the first quarter worth approximately $28,000. Cantor Fitzgerald L. P. purchased a new stake in shares of B2Gold in the fourth quarter worth approximately $25,000. Kercheville Advisors LLC purchased a new stake in shares of B2Gold in the first quarter worth approximately $31,000. Walker Asset Management LLC purchased a new stake in shares of B2Gold in the first quarter worth approximately $32,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of B2Gold in the fourth quarter worth approximately $30,000. Institutional investors own 61.40% of the company's stock.

B2Gold Stock Performance

NYSE:BTG opened at $3.83 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The business has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $3.18. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.93. The company has a market capitalization of $5.07 billion, a P/E ratio of -7.98, a P/E/G ratio of 0.33 and a beta of 0.39.

B2Gold (NYSE:BTG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) 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 in the previous year, the company earned $0.06 earnings per share. The firm's revenue for the quarter was up 40.5% compared to the same quarter last year. On average, analysts expect that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's dividend payout ratio (DPR) is currently -22.86%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BTG shares. Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. CIBC reaffirmed a "neutral" rating and set a $4.00 price target (up from $3.60) on shares of B2Gold in a research report on Tuesday, July 15th. Wall Street Zen raised B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Raymond James Financial raised B2Gold to a "moderate buy" rating and set a $4.50 price target for the company in a research report on Monday, June 30th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.31.

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.

Want to see what other hedge funds are holding BTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for B2Gold Corp. (NYSE:BTG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.