KG&L Capital Management LLC Cuts Position in B2Gold Corp. (NYSE:BTG)

KG&L Capital Management LLC lessened its holdings in B2Gold Corp. (NYSE:BTG) by 39.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,300 shares of the company’s stock after selling 81,200 shares during the period. KG&L Capital Management LLC’s holdings in B2Gold were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Point72 DIFC Ltd increased its stake in B2Gold by 16.6% during the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock worth $58,000 after buying an additional 3,053 shares in the last quarter. Creative Planning increased its stake in B2Gold by 6.2% during the 3rd quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after buying an additional 4,810 shares in the last quarter. Blue Trust Inc. increased its stake in B2Gold by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after buying an additional 5,764 shares in the last quarter. Sei Investments Co. increased its stake in B2Gold by 31.3% during the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after buying an additional 7,974 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in B2Gold by 32.8% during the 2nd quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock worth $92,000 after buying an additional 8,463 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Down 0.3 %

NYSE:BTG opened at $3.28 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $3.14. B2Gold Corp. has a 52 week low of $2.34 and a 52 week high of $3.50. The firm has a market capitalization of $4.31 billion, a PE ratio of -29.82, a price-to-earnings-growth ratio of 2.72 and a beta of 1.13.

B2Gold (NYSE:BTG) last released its quarterly 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). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm had revenue of $492.57 million for the quarter. On average, sell-side analysts expect that B2Gold Corp. will post 0.25 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date was Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is -145.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BTG. CIBC upped their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.12.

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.