Barclays PLC Has $2.80 Million Stock Holdings in B2Gold Corp. (NYSE:BTG)

Barclays PLC raised its holdings in B2Gold Corp. (NYSE:BTG) by 23.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 910,558 shares of the company’s stock after buying an additional 174,477 shares during the quarter. Barclays PLC owned 0.07% of B2Gold worth $2,804,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. E&G Advisors LP acquired a new stake in shares of B2Gold in the third quarter worth $31,000. Private Advisor Group LLC acquired a new stake in B2Gold in the 3rd quarter worth $33,000. Flow Traders U.S. LLC bought a new position in shares of B2Gold during the 3rd quarter worth about $35,000. HighTower Advisors LLC acquired a new position in shares of B2Gold during the third quarter valued at about $36,000. Finally, Moors & Cabot Inc. raised its position in shares of B2Gold by 35.0% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after buying an additional 3,500 shares during the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Price Performance

Shares of NYSE BTG opened at $2.49 on Wednesday. The business has a fifty day moving average of $2.95 and a two-hundred day moving average of $2.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a 52-week low of $2.34 and a 52-week high of $3.50. The stock has a market cap of $3.27 billion, a PE ratio of -4.45, a PEG ratio of 0.53 and a beta of 1.08.

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

B2Gold Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 6.43%. B2Gold’s dividend payout ratio is -28.57%.

Wall Street Analysts Forecast Growth

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