B2Gold Corp. $BTG Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in shares of B2Gold Corp. (NYSE:BTG) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,383 shares of the company’s stock after selling 102,126 shares during the period. Public Employees Retirement System of Ohio’s holdings in B2Gold were worth $1,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Pale Fire Capital SE increased its holdings in shares of B2Gold by 23.7% during the 1st quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company’s stock worth $184,789,000 after buying an additional 12,419,383 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of B2Gold by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 54,099,978 shares of the company’s stock worth $153,752,000 after buying an additional 1,089,501 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of B2Gold by 17.1% during the 1st quarter. American Century Companies Inc. now owns 26,524,336 shares of the company’s stock worth $75,435,000 after buying an additional 3,865,565 shares during the last quarter. Invesco Ltd. increased its holdings in shares of B2Gold by 23.8% during the 1st quarter. Invesco Ltd. now owns 19,791,594 shares of the company’s stock worth $56,406,000 after buying an additional 3,804,209 shares during the last quarter. Finally, Amundi increased its holdings in shares of B2Gold by 33.3% during the 1st quarter. Amundi now owns 10,849,897 shares of the company’s stock worth $31,682,000 after buying an additional 2,710,857 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

Shares of BTG stock opened at $5.08 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a one year low of $2.20 and a one year high of $5.09. The company’s 50-day simple moving average is $4.15 and its 200-day simple moving average is $3.60. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of -10.58, a PEG ratio of 0.33 and a beta of 0.45.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.12 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%.During the same quarter in the prior year, the firm posted $0.06 EPS. B2Gold’s revenue for the quarter was up 40.5% on a year-over-year basis. Equities analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.6%. B2Gold’s dividend payout ratio (DPR) is currently -22.86%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BTG shares. Raymond James Financial upgraded B2Gold to a “moderate buy” rating and set a $4.50 price objective for the company in a report on Monday, June 30th. CIBC restated a “neutral” rating and set a $4.00 price objective (up from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Zacks Research downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, National Bankshares reiterated an “outperform” rating on shares of B2Gold in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.25.

B2Gold 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.