B2Gold Corp. (NYSE:BTG) Shares Sold by Continuum Advisory LLC

Continuum Advisory LLC trimmed its holdings in shares of B2Gold Corp. (NYSE:BTG) by 26.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,050 shares of the company’s stock after selling 3,950 shares during the quarter. Continuum Advisory LLC’s holdings in B2Gold were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BTG. E&G Advisors LP purchased a new stake in B2Gold in the 3rd quarter worth $31,000. Private Advisor Group LLC acquired a new position in shares of B2Gold during the 3rd quarter worth about $33,000. Flow Traders U.S. LLC purchased a new position in B2Gold in the 3rd quarter valued at about $35,000. HighTower Advisors LLC purchased a new position in B2Gold in the 3rd quarter valued at about $36,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in B2Gold in the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 price target on shares of B2Gold in a research report on Tuesday, September 17th. CIBC raised their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Jefferies Financial Group increased their price target on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, B2Gold presently has an average rating of “Hold” and a consensus target price of $4.12.

B2Gold Stock Performance

Shares of B2Gold stock opened at $2.70 on Friday. The firm has a market cap of $3.54 billion, a PE ratio of -4.81, a price-to-earnings-growth ratio of 0.49 and a beta of 1.08. B2Gold Corp. has a 52 week low of $2.34 and a 52 week high of $3.50. The business’s fifty day simple moving average is $3.03 and its 200-day simple moving average is $2.91. 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) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The company had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. During the same period last year, the firm posted $0.05 earnings per share. B2Gold’s revenue was down 6.2% on a year-over-year basis. Equities analysts forecast that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is -28.57%.

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.