2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP lowered its stake in B2Gold Corp. ( NYSE:BTG – Free Report ) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 24,394,189 shares of the company’s stock after selling 233,583 shares during the quarter. Dimensional Fund Advisors LP owned 1.87% of B2Gold worth $65,864,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in shares of B2Gold by 21.9% in 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 during the last quarter. Baader Bank Aktiengesellschaft bought a new position in B2Gold in the 2nd quarter worth approximately $42,000. Equinox Partners Investment Management LLC raised its stake in shares of B2Gold by 31.
6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after purchasing an additional 1,450,000 shares during the period. Continuum Advisory LLC bought a new position in shares of B2Gold in the second quarter valued at approximately $40,000.
Finally, KG&L Capital Management LLC increased its holdings in shares of B2Gold by 9.6% in the second quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock worth $560,000 after purchasing an additional 18,200 shares during the period.
Institutional investors own 61.40% of the company’s stock. Analyst Ratings Changes A number of equities analysts have commented on BTG shares.
CIBC boosted their price target on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Tuesday.
Jefferies Financial Group lifted their target price on shares of B2Gold from $3.50 to $4.00 and gave the stock a “buy” rating in a research note on Friday, July 12th.
Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research 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 report on Tuesday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.
78. B2Gold Stock Down 3.6 % Shares of B2Gold stock opened at $3.
21 on Friday. The company 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.
The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.
01. B2Gold Corp. has a twelve month low of $2.
34 and a twelve month high of $3.46. The firm’s 50 day moving average is $2.
90. B2Gold ( NYSE:BTG – Get Free Report ) last released 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).
The firm had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.
01% and a negative net margin of 7.44%. Sell-side analysts expect that B2Gold Corp.
will post 0.25 EPS for the current fiscal year. B2Gold Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd.
Investors of record on Tuesday, September 10th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 10th.
This represents a $0.16 annualized dividend and a yield of 4.98%.
B2Gold’s payout ratio is -533.33%. B2Gold Profile ( 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. Further Reading Five stocks we like better than B2Gold What is a Low P/E Ratio and What Does it Tell Investors? Can Costco Stock Hit New Highs as Interest Rates Drop? How Investors Can Find the Best Cheap Dividend Stocks These 3 Stocks Show How to Navigate Declining Consumer Confidence How is Compound Interest Calculated? MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter .
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