Toronto Dominion Bank Increases Position in B2Gold Corp. (NYSEAMERICAN:BTG)

Toronto Dominion Bank grew its holdings in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 150.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 846,131 shares of the basic materials company’s stock after acquiring an additional 508,231 shares during the period. Toronto Dominion Bank’s holdings in B2Gold were worth $3,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of BTG. Mackenzie Financial Corp grew its stake in shares of B2Gold by 240.9% in the second quarter. Mackenzie Financial Corp now owns 2,657,495 shares of the basic materials company’s stock worth $11,137,000 after acquiring an additional 1,878,035 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of B2Gold by 4.3% in the first quarter. Renaissance Technologies LLC now owns 42,262,955 shares of the basic materials company’s stock worth $182,130,000 after acquiring an additional 1,756,100 shares in the last quarter. Morgan Stanley grew its stake in shares of B2Gold by 39.7% in the first quarter. Morgan Stanley now owns 4,968,296 shares of the basic materials company’s stock worth $21,414,000 after acquiring an additional 1,410,632 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of B2Gold by 85.7% in the first quarter. Schroder Investment Management Group now owns 2,757,952 shares of the basic materials company’s stock worth $14,920,000 after acquiring an additional 1,273,151 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of B2Gold by 24.3% in the second quarter. Legal & General Group Plc now owns 5,962,596 shares of the basic materials company’s stock worth $25,041,000 after acquiring an additional 1,167,085 shares in the last quarter. Institutional investors and hedge funds own 53.33% of the company’s stock.

NYSEAMERICAN BTG opened at $3.90 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.29 and a quick ratio of 2.73. B2Gold Corp. has a 1 year low of $3.30 and a 1 year high of $7.14. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 1.16 and a beta of 0.82.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings data on Tuesday, August 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). B2Gold had a net margin of 34.95% and a return on equity of 17.16%. The company had revenue of $362.99 million during the quarter, compared to analyst estimates of $362.93 million. On average, sell-side analysts anticipate that B2Gold Corp. will post 0.44 EPS for the current fiscal year.

The firm also recently announced a dividend, which was paid on Wednesday, September 29th. Stockholders of record on Wednesday, September 22nd were issued a $0.04 dividend. The ex-dividend date was Tuesday, September 21st. This represents a dividend yield of 4.18%. B2Gold’s payout ratio is 32.65%.

A number of brokerages recently commented on BTG. National Bankshares lowered their target price on shares of B2Gold from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Friday, September 10th. Scotiabank lowered their target price on shares of B2Gold from C$9.50 to C$9.00 and set an “outperform” rating for the company in a research note on Tuesday, October 5th. Raymond James lowered their target price on shares of B2Gold from $7.00 to $6.50 and set an “outperform” rating for the company in a research note on Wednesday. Stifel Nicolaus lowered their target price on shares of B2Gold from C$10.00 to C$9.50 and set a “buy” rating for the company in a research note on Wednesday, July 14th. Finally, Royal Bank of Canada set a $5.75 target price on shares of B2Gold and gave the stock a “sector perform” rating in a research note on Thursday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $8.10.

B2Gold Profile

B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine, and Limon Mine. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.

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Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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