KG&L Capital Management LLC Sells 81,200 Shares of B2Gold Corp. (NYSE:BTG)

KG&L Capital Management LLC reduced its holdings in shares of B2Gold Corp. (NYSE:BTG) by 39.1% in the third quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. E&G Advisors LP bought a new stake in shares of B2Gold during the 3rd quarter worth approximately $31,000. Private Advisor Group LLC bought a new stake in shares of B2Gold during the 3rd quarter worth approximately $33,000. Continuum Advisory LLC bought a new stake in shares of B2Gold during the 2nd quarter worth approximately $40,000. Baader Bank Aktiengesellschaft purchased a new position in B2Gold during the 2nd quarter worth $42,000. Finally, Blue Trust Inc. increased its holdings 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 purchasing an additional 5,764 shares during the period. 61.40% of the stock is owned by institutional investors.

B2Gold Trading Down 0.3 %

Shares of NYSE:BTG opened at $3.28 on Tuesday. B2Gold Corp. has a 12-month low of $2.34 and a 12-month high of $3.50. The firm has a fifty day moving average of $3.14. The stock has a market cap of $4.31 billion, a P/E ratio of -29.82, a PEG ratio of 2.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share 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%. Research analysts predict that B2Gold Corp. will post 0.25 EPS for the current year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.88%. B2Gold’s payout ratio is -145.45%.

Wall Street Analysts Forecast Growth

BTG has been the topic of several research reports. Scotiabank downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Jefferies Financial Group raised their price objective on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, B2Gold presently has an average rating of “Hold” and an average target price of $4.12.

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.