B2Gold Corp. (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 9,360,000 shares, a decline of 31.7% from the August 15th total of 13,710,000 shares. Based on an average daily volume of 12,350,000 shares, the short-interest ratio is currently 0.8 days. Currently, 0.9% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on BTG shares. Stifel Nicolaus reduced their target price on B2Gold from C$9.00 to C$7.50 in a report on Wednesday, July 20th. TheStreet cut shares of B2Gold from a “b-” rating to a “c+” rating in a research report on Tuesday, August 9th. Finally, National Bank Financial lowered their price objective on shares of B2Gold from C$8.50 to C$8.00 in a research report on Thursday, July 21st.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Aire Advisors LLC purchased a new position in B2Gold during the second quarter valued at approximately $34,000. Oppenheimer & Co. Inc. bought a new position in B2Gold during the second quarter valued at $35,000. Castle Wealth Management LLC bought a new position in B2Gold during the second quarter valued at $36,000. Kellett Schaffner Wealth Advisors LLC purchased a new stake in shares of B2Gold during the second quarter valued at $42,000. Finally, Cerity Partners LLC purchased a new stake in shares of B2Gold during the second quarter valued at $45,000. 52.70% of the stock is currently owned by institutional investors.
B2Gold Stock Performance
B2Gold (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) last posted its quarterly earnings results on Wednesday, August 3rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $381.99 million during the quarter. B2Gold had a net margin of 26.32% and a return on equity of 15.30%. As a group, equities analysts expect that B2Gold will post 0.4 earnings per share for the current fiscal year.
B2Gold Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, September 21st will be given a $0.04 dividend. The ex-dividend date is Tuesday, September 20th. This represents a $0.16 annualized dividend and a dividend yield of 4.86%. B2Gold’s dividend payout ratio is 37.21%.
B2Gold Company Profile
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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