International Assets Investment Management LLC Sells 28,606 Shares of B2Gold Corp. (NYSE:BTG)

International Assets Investment Management LLC cut its stake in B2Gold Corp. (NYSE:BTG) by 70.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,272 shares of the company’s stock after selling 28,606 shares during the period. International Assets Investment Management LLC’s holdings in B2Gold were worth $32,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E&G Advisors LP purchased a new position in B2Gold during the 3rd quarter worth $31,000. Private Advisor Group LLC purchased a new stake in B2Gold in the third quarter valued at about $33,000. Flow Traders U.S. LLC purchased a new position in shares of B2Gold in the third quarter worth $35,000. HighTower Advisors LLC acquired a new position in shares of B2Gold in the third quarter valued at about $36,000. Finally, Blue Trust Inc. lifted its stake 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BTG shares. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. Finally, Jefferies Financial Group upped their target price on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.12.

B2Gold Trading Up 0.8 %

B2Gold stock opened at $2.51 on Wednesday. The stock has a market cap of $3.30 billion, a PE ratio of -4.48, a P/E/G ratio of 0.53 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a 52 week low of $2.34 and a 52 week high of $3.50. The stock has a 50-day moving average price of $2.68 and a 200 day moving average price of $2.89.

B2Gold (NYSE:BTG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. Equities research analysts predict that B2Gold Corp. will post 0.23 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

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

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.