Axa S.A. Boosts Stake in B2Gold Corp. (NYSE:BTG)

Axa S.A. grew its stake in shares of B2Gold Corp. (NYSE:BTG) by 546.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 374,901 shares of the company’s stock after buying an additional 316,901 shares during the period. Axa S.A.’s holdings in B2Gold were worth $1,012,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in B2Gold by 21.9% during the 2nd quarter. SG Americas Securities LLC now owns 184,373 shares of the company’s stock worth $498,000 after purchasing an additional 33,113 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of B2Gold in the second quarter valued at approximately $42,000. Equinox Partners Investment Management LLC lifted its stake in shares of B2Gold by 31.6% during the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after buying an additional 1,450,000 shares during the period. Continuum Advisory LLC acquired a new stake in B2Gold during the second quarter worth approximately $40,000. Finally, KG&L Capital Management LLC grew its stake in B2Gold by 9.6% in the 2nd quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock worth $560,000 after acquiring an additional 18,200 shares during the period. 61.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Royal Bank of Canada reissued 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 raised shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Scotiabank downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $3.78.

B2Gold Stock Performance

BTG opened at $3.14 on Wednesday. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.46. The business’s 50 day simple moving average is $2.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. The firm has a market cap of $4.10 billion, a P/E ratio of -104.33, a PEG ratio of 0.54 and a beta of 1.14.

B2Gold (NYSE:BTG) last issued its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The business had revenue of $492.57 million during the quarter. On average, sell-side analysts predict that B2Gold Corp. will post 0.25 earnings per share for the current year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s payout ratio is -533.33%.

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.