Virtu Financial LLC Has $324,000 Stock Holdings in B2Gold Corp. (NYSE:BTG)

Virtu Financial LLC grew its stake in B2Gold Corp. (NYSE:BTG) by 26.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,206 shares of the company’s stock after purchasing an additional 22,232 shares during the quarter. Virtu Financial LLC’s holdings in B2Gold were worth $324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. E&G Advisors LP bought a new stake in B2Gold in the third quarter valued at about $31,000. Private Advisor Group LLC bought a new stake in shares of B2Gold in the 3rd quarter valued at about $33,000. Flow Traders U.S. LLC acquired a new stake in shares of B2Gold in the 3rd quarter valued at approximately $35,000. HighTower Advisors LLC bought a new position in B2Gold during the 3rd quarter worth approximately $36,000. Finally, Continuum Advisory LLC acquired a new position in B2Gold during the second quarter valued at approximately $40,000. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Down 1.3 %

BTG stock opened at $2.59 on Tuesday. The company has a market cap of $3.39 billion, a price-to-earnings ratio of -4.63, a P/E/G ratio of 0.53 and a beta of 1.08. B2Gold Corp. has a twelve month low of $2.34 and a twelve month high of $3.50. The business has a 50 day moving average price of $3.02 and a two-hundred day moving average price of $2.91. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG) last released its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The firm had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. During the same period in the prior year, the business posted $0.05 earnings per share. B2Gold’s quarterly revenue was down 6.2% compared to the same quarter last year. Analysts anticipate that B2Gold Corp. will post 0.23 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders 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 dividend yield of 6.19%. B2Gold’s payout ratio is -28.57%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. CIBC increased their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group increased their price objective on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.12.

About B2Gold

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.