Acuitas Investments LLC Decreases Position in B2Gold Corp. (NYSE:BTG)

Acuitas Investments LLC decreased its holdings in B2Gold Corp. (NYSE:BTG) by 10.8% in the second quarter, Holdings Channel reports. The firm owned 37,300 shares of the company’s stock after selling 4,500 shares during the period. Acuitas Investments LLC’s holdings in B2Gold were worth $100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its position in B2Gold by 21.9% during the 2nd quarter. SG Americas Securities LLC now owns 184,373 shares of the company’s stock worth $498,000 after purchasing an additional 33,113 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of B2Gold during the second quarter worth $42,000. Equinox Partners Investment Management LLC grew its holdings in shares of B2Gold by 31.6% during the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after buying an additional 1,450,000 shares during the last quarter. Continuum Advisory LLC acquired a new position in shares of B2Gold in the 2nd quarter valued at $40,000. Finally, KG&L Capital Management LLC raised its stake in B2Gold by 9.6% in the 2nd quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock worth $560,000 after acquiring an additional 18,200 shares during the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. CIBC raised their price target on shares of B2Gold from $3.40 to $3.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Cibc World Mkts raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group upped their price target on shares of B2Gold from $3.50 to $4.00 and gave the company a “buy” rating in a report on Friday, July 12th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, B2Gold currently has an average rating of “Moderate Buy” and a consensus target price of $3.75.

B2Gold Stock Performance

BTG stock opened at $2.70 on Friday. B2Gold Corp. has a one year low of $2.34 and a one year high of $3.46. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $2.82. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -89.50, a PEG ratio of 0.43 and a beta of 1.12.

B2Gold (NYSE:BTG) last posted its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $492.57 million for the quarter. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. Research analysts predict that B2Gold Corp. will post 0.28 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is presently -533.33%.

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.