Walleye Capital LLC Purchases New Shares in B2Gold Corp. (NYSE:BTG)

Walleye Capital LLC acquired a new position in shares of B2Gold Corp. (NYSE:BTG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 651,918 shares of the company’s stock, valued at approximately $2,008,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BTG. Point72 DIFC Ltd raised its position in shares of B2Gold by 16.6% during the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock worth $58,000 after purchasing an additional 3,053 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of B2Gold by 35.0% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after acquiring an additional 3,500 shares in the last quarter. Creative Planning boosted its stake in shares of B2Gold by 6.2% in the third quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after acquiring an additional 4,810 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of B2Gold by 24.7% during the third quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock worth $82,000 after purchasing an additional 5,257 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after purchasing an additional 5,764 shares in the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Stock Performance

Shares of B2Gold stock opened at $2.80 on Wednesday. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -4.99, a price-to-earnings-growth ratio of 0.52 and a beta of 1.08. B2Gold Corp. has a 12 month low of $2.34 and a 12 month high of $3.50. 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 50-day moving average of $3.09 and a 200 day moving average of $2.91.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. As a group, sell-side analysts forecast that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is -28.57%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BTG. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Scotiabank cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, CIBC raised their price objective on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, B2Gold has a consensus rating of “Hold” and a consensus price target of $4.12.

B2Gold Company 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.