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

Acuitas Investments LLC cut its stake in B2Gold Corp. (NYSE:BTG) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,300 shares of the company’s stock after selling 4,500 shares during the quarter. 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 also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its holdings in shares of B2Gold by 69.3% in the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock worth $61,000 after acquiring an additional 9,258 shares during the last quarter. Continuum Advisory LLC bought a new stake in B2Gold in the second quarter worth about $40,000. Baader Bank Aktiengesellschaft purchased a new position in shares of B2Gold during the second quarter valued at approximately $42,000. KG&L Capital Management LLC grew its stake in shares of B2Gold by 9.6% during the second quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock valued at $560,000 after buying an additional 18,200 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of B2Gold in the second quarter worth approximately $57,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Stock Performance

NYSE BTG opened at $2.70 on Friday. The firm’s 50-day simple moving average is $2.82. B2Gold Corp. has a one year low of $2.34 and a one year high of $3.46. The stock has a market cap of $3.53 billion, a P/E ratio of -89.50, a price-to-earnings-growth ratio of 0.43 and a beta of 1.12. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01.

B2Gold (NYSE:BTG) last issued its quarterly earnings data 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 during the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. Equities analysts expect that B2Gold Corp. will post 0.28 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Tuesday, September 10th. B2Gold’s payout ratio is -533.33%.

Analyst Ratings Changes

A number of research firms have weighed in on BTG. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. 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 note on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on shares of B2Gold from $3.50 to $4.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Cibc World Mkts raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Finally, Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $3.75.

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.