B2Gold Corp. (NYSE:BTG) Shares Sold by Continuum Advisory LLC

Continuum Advisory LLC cut its stake in B2Gold Corp. (NYSE:BTG) by 26.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,050 shares of the company’s stock after selling 3,950 shares during the period. Continuum Advisory LLC’s holdings in B2Gold were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTG. E&G Advisors LP acquired a new stake in shares of B2Gold during the third quarter worth about $31,000. Private Advisor Group LLC acquired a new position in B2Gold during the third quarter worth approximately $33,000. Flow Traders U.S. LLC purchased a new stake in B2Gold in the third quarter valued at approximately $35,000. HighTower Advisors LLC acquired a new stake in shares of B2Gold in the third quarter valued at approximately $36,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of B2Gold during the second quarter worth approximately $42,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BTG. Jefferies Financial Group raised their price objective on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. CIBC boosted 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Stock Performance

Shares of BTG stock opened at $2.70 on Friday. The stock has a 50 day simple moving average of $3.03 and a 200-day simple moving average of $2.91. B2Gold Corp. has a 12-month low of $2.34 and a 12-month high of $3.50. The company has a market cap of $3.54 billion, a price-to-earnings ratio of -4.81, a price-to-earnings-growth ratio of 0.49 and a beta of 1.08. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG) last issued its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. B2Gold’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, equities analysts forecast that B2Gold Corp. will post 0.23 EPS for the current year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 5.94%. B2Gold’s dividend payout ratio (DPR) is presently -28.57%.

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.