Shares of B2Gold Corp. (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) gapped down prior to trading on Tuesday . The stock had previously closed at $3.37, but opened at $3.26. B2Gold shares last traded at $3.20, with a volume of 112,717 shares trading hands.
Analysts Set New Price Targets
Several research firms have recently commented on BTG. Stifel Nicolaus dropped their price objective on shares of 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 note on Tuesday, August 9th. Finally, National Bank Financial decreased their target price on shares of B2Gold from C$8.50 to C$8.00 in a research note on Thursday, July 21st.
B2Gold Price Performance
The company has a current ratio of 4.89, a quick ratio of 3.54 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 7.33 and a beta of 1.01.
B2Gold Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, September 21st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Tuesday, September 20th. B2Gold’s dividend payout ratio (DPR) is presently 37.21%.
Hedge Funds Weigh In On B2Gold
Institutional investors have recently bought and sold shares of the company. Amundi increased its position in shares of B2Gold by 11.7% during the second quarter. Amundi now owns 6,691,184 shares of the basic materials company’s stock valued at $21,345,000 after acquiring an additional 701,581 shares during the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in shares of B2Gold during the second quarter valued at about $54,000. Legal & General Group Plc increased its position in shares of B2Gold by 12.4% during the second quarter. Legal & General Group Plc now owns 3,301,144 shares of the basic materials company’s stock valued at $11,157,000 after acquiring an additional 364,976 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of B2Gold during the second quarter valued at about $82,000. Finally, Goldman Sachs Group Inc. increased its position in shares of B2Gold by 180.2% during the second quarter. Goldman Sachs Group Inc. now owns 1,195,790 shares of the basic materials company’s stock valued at $4,054,000 after acquiring an additional 769,046 shares during the last quarter. 52.70% of the stock is owned by hedge funds and other institutional investors.
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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