Raymond James Financial Services Advisors Inc. Sells 4,266 Shares of B2Gold Corp. (NYSEAMERICAN:BTG)

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 19.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,633 shares of the basic materials company’s stock after selling 4,266 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in B2Gold were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP raised its stake in B2Gold by 82.3% during the 3rd quarter. Quantbot Technologies LP now owns 429,794 shares of the basic materials company’s stock worth $1,242,000 after acquiring an additional 193,996 shares during the period. Vanguard Group Inc. lifted its stake in shares of B2Gold by 20.3% during the 3rd quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company’s stock valued at $140,291,000 after buying an additional 8,177,437 shares in the last quarter. Van ECK Associates Corp boosted its holdings in B2Gold by 9.0% in the 3rd quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company’s stock worth $450,601,000 after buying an additional 12,836,388 shares during the period. Deutsche Bank AG increased its stake in B2Gold by 10.2% in the 3rd quarter. Deutsche Bank AG now owns 4,958,471 shares of the basic materials company’s stock worth $14,330,000 after buying an additional 457,456 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in B2Gold by 4.1% in the 3rd quarter. Gabelli Funds LLC now owns 4,712,600 shares of the basic materials company’s stock worth $13,619,000 after buying an additional 186,600 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Stock Up 1.6 %

Shares of NYSEAMERICAN:BTG opened at $2.62 on Friday. The business has a fifty day simple moving average of $2.88. B2Gold Corp. has a 52 week low of $2.34 and a 52 week high of $4.29. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.41 billion, a PE ratio of 131.57, a P/E/G ratio of 1.53 and a beta of 1.09.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $511.97 million for the quarter, compared to the consensus estimate of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The company’s revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, analysts expect that B2Gold Corp. will post 0.25 earnings per share for the current year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were given a $0.04 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 dividend on an annualized basis and a yield of 6.11%. B2Gold’s dividend payout ratio is presently 400.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BTG. Royal Bank of Canada dropped their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Jefferies Financial Group assumed coverage on shares of B2Gold in a research report on Thursday, February 29th. They set a “buy” rating and a $3.50 price objective on the stock. Finally, CIBC lowered shares of B2Gold from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $4.20 to $3.60 in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.10.

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.