Profund Advisors LLC Cuts Stock Position in B2Gold Corp. (NYSE:BTG)

Profund Advisors LLC trimmed its holdings in shares of B2Gold Corp. (NYSE:BTG) by 12.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,837 shares of the company’s stock after selling 14,035 shares during the period. Profund Advisors LLC’s holdings in B2Gold were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in shares of B2Gold by 21.9% during the second 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 B2Gold during the 2nd quarter worth approximately $42,000. Equinox Partners Investment Management LLC boosted its holdings in B2Gold by 31.6% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock worth $16,185,000 after acquiring an additional 1,450,000 shares during the period. Continuum Advisory LLC acquired a new stake in B2Gold in the second quarter valued at approximately $40,000. Finally, KG&L Capital Management LLC grew its position in B2Gold by 9.6% in the second quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock valued at $560,000 after acquiring an additional 18,200 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

NYSE:BTG opened at $3.21 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.20 billion, a P/E ratio of -107.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. B2Gold Corp. has a one year low of $2.34 and a one year high of $3.46. The stock has a 50-day moving average price of $2.90.

B2Gold (NYSE:BTG) last issued its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm had revenue of $492.57 million during the quarter. On average, equities research analysts forecast that B2Gold Corp. will post 0.25 EPS for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.98%. B2Gold’s dividend payout ratio (DPR) is -533.33%.

Analysts Set New Price Targets

A number of research analysts have recently commented on BTG shares. Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. CIBC raised their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Tuesday. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Jefferies Financial Group upped their target price on B2Gold from $3.50 to $4.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, B2Gold presently has a consensus rating of “Hold” and a consensus price target of $3.78.

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.