Toronto Dominion Bank Sells 286,629 Shares of B2Gold Corp. (NYSE:BTG)

Toronto Dominion Bank lowered its stake in shares of B2Gold Corp. (NYSE:BTG) by 36.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,546 shares of the company’s stock after selling 286,629 shares during the quarter. Toronto Dominion Bank’s holdings in B2Gold were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BTG. SG Americas Securities LLC raised its stake in B2Gold by 21.9% in the second quarter. SG Americas Securities LLC now owns 184,373 shares of the company’s stock valued at $498,000 after buying an additional 33,113 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in B2Gold in the second quarter valued at about $42,000. Equinox Partners Investment Management LLC raised its stake in B2Gold by 31.6% in the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after buying an additional 1,450,000 shares during the last quarter. Continuum Advisory LLC purchased a new stake in B2Gold in the second quarter valued at about $40,000. Finally, KG&L Capital Management LLC raised its stake in B2Gold by 9.6% in the second quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock valued at $560,000 after buying an additional 18,200 shares during the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Trading Down 3.8 %

Shares of BTG opened at $3.08 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. B2Gold Corp. has a 12 month low of $2.34 and a 12 month high of $3.46. The firm has a 50 day simple moving average of $2.90. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of -104.33, a P/E/G ratio of 0.54 and a beta of 1.14.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The business had revenue of $492.57 million during the quarter. Equities research analysts forecast that B2Gold Corp. will post 0.25 EPS for the current year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Tuesday, September 10th. B2Gold’s dividend payout ratio is presently -533.33%.

Analyst Ratings Changes

BTG has been the subject of several research analyst reports. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Scotiabank cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. CIBC lifted their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $3.75 price target on shares of B2Gold in a research report on Tuesday, September 17th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.78.

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.