B2Gold Corp. $BTG Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its position in B2Gold Corp. (NYSE:BTG) by 39.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 739,577 shares of the company’s stock after selling 487,971 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of B2Gold worth $2,125,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of B2Gold in the 1st quarter worth about $278,000. Tidal Investments LLC acquired a new position in B2Gold during the 4th quarter valued at about $183,000. Cambridge Investment Research Advisors Inc. increased its stake in B2Gold by 58.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 188,530 shares of the company’s stock valued at $536,000 after buying an additional 69,177 shares during the period. Vanguard Group Inc. increased its stake in B2Gold by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 54,099,978 shares of the company’s stock valued at $153,752,000 after buying an additional 1,089,501 shares during the period. Finally, US Bancorp DE increased its stake in B2Gold by 4,920.6% during the 1st quarter. US Bancorp DE now owns 74,606 shares of the company’s stock valued at $213,000 after buying an additional 73,120 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BTG. Zacks Research cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. National Bankshares reissued an “outperform” rating on shares of B2Gold in a research note on Wednesday, July 16th. Wall Street Zen raised shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. CIBC reissued a “neutral” rating and set a $4.00 target price (up previously from $3.60) on shares of B2Gold in a research note on Tuesday, July 15th. Finally, Raymond James Financial raised shares of B2Gold to a “moderate buy” rating and set a $4.50 target price on the stock in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.31.

B2Gold Stock Performance

Shares of BTG opened at $3.95 on Tuesday. The firm’s 50 day moving average is $3.62 and its 200-day moving average is $3.26. The stock has a market capitalization of $5.23 billion, a P/E ratio of -8.23, a P/E/G ratio of 0.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $4.04.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The business’s revenue was up 40.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. Equities research analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 2.0%. B2Gold’s payout ratio is currently -22.86%.

B2Gold Company 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.