651,918 Shares in B2Gold Corp. (NYSE:BTG) Bought by Walleye Capital LLC

Walleye Capital LLC acquired a new stake in B2Gold Corp. (NYSE:BTG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 651,918 shares of the company’s stock, valued at approximately $2,008,000.

A number of other large investors also recently bought and sold shares of the company. E&G Advisors LP purchased a new stake in shares of B2Gold in the third quarter valued at about $31,000. Private Advisor Group LLC acquired a new position in B2Gold during the 3rd quarter worth approximately $33,000. Continuum Advisory LLC purchased a new position in shares of B2Gold during the 2nd quarter worth approximately $40,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of B2Gold in the 2nd quarter valued at approximately $42,000. Finally, Blue Trust Inc. boosted its stake in shares of B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after buying an additional 5,764 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Performance

NYSE:BTG opened at $2.80 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.67 billion, a P/E ratio of -4.99, a price-to-earnings-growth ratio of 0.52 and a beta of 1.08. The firm has a 50-day moving average price of $3.09 and a two-hundred day moving average price of $2.91. B2Gold Corp. has a twelve month low of $2.34 and a twelve month high of $3.50.

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

B2Gold Announces Dividend

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

Wall Street Analysts Forecast Growth

BTG has been the subject of a number of recent analyst reports. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Cormark cut shares of 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. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group upped their price target on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.12.

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.