DekaBank Deutsche Girozentrale Sells 252,416 Shares of B2Gold Corp. (NYSEAMERICAN:BTG)

DekaBank Deutsche Girozentrale reduced its holdings in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 58.5% in the fourth quarter, HoldingsChannel reports. The firm owned 179,000 shares of the basic materials company’s stock after selling 252,416 shares during the period. DekaBank Deutsche Girozentrale’s holdings in B2Gold were worth $582,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BTG. C M Bidwell & Associates Ltd. acquired a new stake in B2Gold in the third quarter valued at approximately $35,000. Atria Wealth Solutions Inc. acquired a new stake in B2Gold in the fourth quarter valued at approximately $36,000. Beach Investment Counsel Inc. PA acquired a new stake in B2Gold in the fourth quarter valued at approximately $39,000. MML Investors Services LLC acquired a new stake in B2Gold in the third quarter valued at approximately $40,000. Finally, MBL Wealth LLC acquired a new stake in B2Gold in the third quarter valued at approximately $40,000. 61.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on BTG. Jefferies Financial Group began coverage on B2Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $3.50 price objective for the company. CIBC cut B2Gold from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $4.20 to $3.60 in a research note on Thursday, January 25th. Finally, Royal Bank of Canada reduced their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, B2Gold presently has an average rating of “Moderate Buy” and a consensus target price of $5.10.

B2Gold Stock Down 6.2 %

Shares of NYSEAMERICAN:BTG opened at $2.71 on Tuesday. The stock has a market capitalization of $3.53 billion, a PE ratio of 135.57, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27. B2Gold Corp. has a 12-month low of $2.34 and a 12-month high of $4.29. The firm’s 50 day moving average is $2.90.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $511.97 million for the quarter, compared to analysts’ expectations of $512.00 million. B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The firm’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. As a group, equities research analysts expect that B2Gold Corp. will post 0.22 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 dividend on an annualized basis and a yield of 5.90%. B2Gold’s dividend payout ratio (DPR) is currently 400.20%.

About B2Gold

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.