Intact Investment Management Inc. Decreases Position in B2Gold Corp. (NYSE:BTG)

Intact Investment Management Inc. lowered its stake in shares of B2Gold Corp. (NYSE:BTG) by 51.4% in the 1st quarter, HoldingsChannel reports. The firm owned 3,385,400 shares of the company’s stock after selling 3,574,000 shares during the quarter. Intact Investment Management Inc.’s holdings in B2Gold were worth $9,623,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Cantor Fitzgerald L. P. purchased a new stake in shares of B2Gold during the 4th quarter worth approximately $25,000. Kercheville Advisors LLC purchased a new stake in shares of B2Gold during the 1st quarter worth approximately $31,000. Walker Asset Management LLC purchased a new stake in shares of B2Gold during the 1st quarter worth approximately $32,000. Groupama Asset Managment purchased a new stake in shares of B2Gold during the 4th quarter worth approximately $29,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of B2Gold during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Scotiabank upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Raymond James Financial reiterated an “outperform” rating and issued a $4.50 price objective on shares of B2Gold in a research note on Friday, April 4th. CIBC lifted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Finally, National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.21.

B2Gold Stock Down 1.6%

BTG opened at $3.64 on Friday. The company has a fifty day moving average price of $3.33 and a 200-day moving average price of $2.90. The firm has a market capitalization of $4.81 billion, a P/E ratio of -7.58, a price-to-earnings-growth ratio of 0.33 and a beta of 0.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.83.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. B2Gold’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. Equities research analysts expect that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.20%. B2Gold’s dividend payout ratio (DPR) is currently -17.02%.

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.