UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.47 Million Stock Position in B2Gold Corp. (NYSE:BTG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of B2Gold Corp. (NYSE:BTG) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,451,407 shares of the company’s stock after selling 146,686 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of B2Gold worth $4,470,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. E&G Advisors LP bought a new stake in shares of B2Gold during the 3rd quarter worth approximately $31,000. Private Advisor Group LLC bought a new stake in shares of B2Gold during the 3rd quarter worth approximately $33,000. Continuum Advisory LLC bought a new stake in shares of B2Gold during the 2nd quarter worth approximately $40,000. Baader Bank Aktiengesellschaft bought a new stake in shares of B2Gold during the 2nd quarter worth approximately $42,000. Finally, Blue Trust Inc. raised its stake in shares of B2Gold by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after purchasing an additional 5,764 shares in the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

B2Gold Trading Up 3.3 %

Shares of BTG stock opened at $2.81 on Thursday. The company has a market cap of $3.69 billion, a P/E ratio of -5.02, a PEG ratio of 0.49 and a beta of 1.08. The stock has a 50 day simple moving average of $3.04 and a two-hundred day simple moving average of $2.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a fifty-two week low of $2.34 and a fifty-two week high of $3.50.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $449.28 million. During the same period last year, the business posted $0.05 EPS. The company’s revenue was down 6.2% on a year-over-year basis. Research analysts forecast that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 5.69%. B2Gold’s payout ratio is -28.57%.

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.