XTX Topco Ltd Grows Stock Holdings in B2Gold Corp. (NYSE:BTG)

XTX Topco Ltd lifted its stake in shares of B2Gold Corp. (NYSE:BTG) by 19.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 191,010 shares of the company’s stock after acquiring an additional 30,539 shares during the quarter. XTX Topco Ltd’s holdings in B2Gold were worth $516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rathbones Group PLC raised its holdings in shares of B2Gold by 25.1% in the second quarter. Rathbones Group PLC now owns 101,122 shares of the company’s stock valued at $272,000 after acquiring an additional 20,317 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of B2Gold in the 2nd quarter worth approximately $927,000. American Century Companies Inc. boosted its stake in shares of B2Gold by 39.4% during the second quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock valued at $33,053,000 after purchasing an additional 3,474,553 shares in the last quarter. Headlands Technologies LLC increased its holdings in B2Gold by 32.8% during the second quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock valued at $92,000 after buying an additional 8,463 shares during the period. Finally, Monaco Asset Management SAM raised its stake in B2Gold by 29.6% in the second quarter. Monaco Asset Management SAM now owns 800,000 shares of the company’s stock worth $2,160,000 after buying an additional 182,815 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BTG. CIBC lifted their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Scotiabank lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. Finally, Cibc World Mkts upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3.78.

B2Gold Stock Performance

B2Gold stock opened at $3.31 on Wednesday. B2Gold Corp. has a one year low of $2.34 and a one year high of $3.46. The stock has a market capitalization of $4.33 billion, a PE ratio of -110.33, a PEG ratio of 0.43 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. The company has a 50-day simple moving average of $2.89.

B2Gold (NYSE:BTG) last released its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $492.57 million during the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. As a group, sell-side analysts predict that B2Gold Corp. will post 0.27 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is presently -533.33%.

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.