Wellington Management Group LLP Has $9.74 Million Stock Position in B2Gold Corp. (NYSEAMERICAN:BTG)

Wellington Management Group LLP cut its stake in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,064,168 shares of the basic materials company’s stock after selling 137,525 shares during the period. Wellington Management Group LLP owned 0.24% of B2Gold worth $9,737,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BTG. Private Advisor Group LLC acquired a new position in shares of B2Gold during the 4th quarter worth approximately $38,000. Beach Investment Counsel Inc. PA acquired a new stake in B2Gold during the fourth quarter worth approximately $39,000. Kellett Wealth Advisors LLC bought a new position in B2Gold during the 4th quarter worth $40,000. DGS Capital Management LLC acquired a new position in B2Gold in the 4th quarter valued at $51,000. Finally, Headlands Technologies LLC bought a new stake in shares of B2Gold during the 4th quarter valued at $62,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Stock Up 3.4 %

Shares of NYSEAMERICAN:BTG opened at $2.72 on Friday. B2Gold Corp. has a twelve month low of $2.34 and a twelve month high of $3.83. The stock’s 50 day moving average price is $2.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 1.97. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of -90.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $461.40 million for the quarter, compared to the consensus estimate of $453.81 million. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. Equities research analysts anticipate that B2Gold Corp. will post 0.26 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date of this dividend was Tuesday, June 11th. B2Gold’s payout ratio is -533.16%.

Analysts Set New Price Targets

BTG has been the topic of a number of research analyst reports. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Jefferies Financial Group began coverage on B2Gold in a research note on Thursday, February 29th. They set a “buy” rating and a $3.50 target price for the company. Finally, Royal Bank of Canada reduced their price target on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research note on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.57.

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.