International Assets Investment Management LLC Cuts Stock Holdings in B2Gold Corp. (NYSE:BTG)

International Assets Investment Management LLC reduced its stake in B2Gold Corp. (NYSE:BTGFree Report) by 70.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,272 shares of the company’s stock after selling 28,606 shares during the quarter. International Assets Investment Management LLC’s holdings in B2Gold were worth $32,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of B2Gold by 94.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 86,040 shares of the company’s stock worth $232,000 after acquiring an additional 41,850 shares in the last quarter. American Century Companies Inc. grew its position in B2Gold by 39.4% in the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after purchasing an additional 3,474,553 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in B2Gold in the 2nd quarter valued at about $927,000. Rathbones Group PLC lifted its position in shares of B2Gold by 25.1% during the 2nd quarter. Rathbones Group PLC now owns 101,122 shares of the company’s stock worth $272,000 after buying an additional 20,317 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of B2Gold by 19.0% in the 2nd quarter. XTX Topco Ltd now owns 191,010 shares of the company’s stock worth $516,000 after buying an additional 30,539 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Performance

Shares of BTG stock opened at $2.51 on Wednesday. The company has a market capitalization of $3.30 billion, a P/E ratio of -4.48, a PEG ratio of 0.53 and a beta of 1.09. The stock has a 50 day moving average price of $2.68 and a two-hundred day moving average price of $2.89. 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:BTGGet Free Report) 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. Analysts expect that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 6.37%. The ex-dividend date was Monday, December 2nd. B2Gold’s payout ratio is currently -28.57%.

Analyst Ratings Changes

BTG has been the subject of a number of research analyst reports. 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 World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Jefferies Financial Group increased their price target on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. CIBC lifted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.12.

Read Our Latest Research Report on B2Gold

About B2Gold

(Free Report)

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.

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Institutional Ownership by Quarter for B2Gold (NYSE:BTG)

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