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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in B2Gold Corp. (NYSE:BTG) by 9.2% in the third quarter, Holdings Channel.com reports. The firm 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’s holdings in B2Gold were worth $4,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BTG. Point72 DIFC Ltd boosted its holdings in B2Gold by 16.6% during the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after acquiring an additional 3,053 shares during the period. Moors & Cabot Inc. boosted its holdings in B2Gold by 35.0% during the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after acquiring an additional 3,500 shares during the period. Creative Planning boosted its holdings in B2Gold by 6.2% during the 3rd quarter. Creative Planning now owns 82,324 shares of the company’s stock valued at $254,000 after acquiring an additional 4,810 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in B2Gold by 24.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock valued at $82,000 after acquiring an additional 5,257 shares during the period. Finally, Blue Trust Inc. boosted its holdings in B2Gold by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after acquiring an additional 5,764 shares during the period. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Stock Up 3.3 %

Shares of NYSE:BTG opened at $2.81 on Thursday. B2Gold Corp. has a 52-week low of $2.34 and a 52-week high of $3.50. The firm has a market capitalization of $3.69 billion, a P/E ratio of -5.02, a P/E/G ratio of 0.49 and a beta of 1.08. The stock has a 50 day moving average price of $3.04 and a 200-day moving average price 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 (NYSE:BTG) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. 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 company posted $0.05 EPS. The firm’s revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that B2Gold Corp. will post 0.23 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed 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. This represents a $0.16 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is presently -28.57%.

Analyst Upgrades and Downgrades

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

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.