Ashton Thomas Private Wealth LLC Sells 180,963 Shares of B2Gold Corp. $BTG

Key Points

• Ashton Thomas Private Wealth LLC reduced its holdings in B2Gold Corp. by 53.5% in Q1, owning 157,530 shares worth $448,000 after selling 180,963 shares.
• Multiple large investors are adjusting their positions, with Cambridge Investment Research Advisors Inc. increasing its stake by 58% in the same quarter.
• B2Gold Corp. faces mixed analyst ratings, holding an average rating of "Hold" with a price target of $4.31, while its recent earnings report showed a loss of $0.01 against estimates.

Ashton Thomas Private Wealth LLC reduced its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 53.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,530 shares of the company's stock after selling 180,963 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in B2Gold were worth $448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BTG. Independent Wealth Network Inc. bought a new position in shares of B2Gold in the 1st quarter worth $28,000. Schonfeld Strategic Advisors LLC purchased a new position in B2Gold during the 4th quarter valued at about $30,000. Kercheville Advisors LLC purchased a new position in B2Gold in the first quarter worth about $31,000. Walker Asset Management LLC purchased a new position in B2Gold in the first quarter worth about $32,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of B2Gold during the first quarter valued at approximately $38,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BTG shares. National Bankshares restated an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. Zacks Research downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 price target on the stock in a research note on Monday, June 30th. Finally, CIBC reissued a "neutral" rating and set a $4.00 target price (up previously from $3.60) on shares of B2Gold in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $4.31.

B2Gold Price Performance

BTG stock traded down $0.05 during trading on Tuesday, hitting $4.35. The stock had a trading volume of 40,338,826 shares, compared to its average volume of 41,649,641. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $4.60. The company's 50 day moving average price is $3.79 and its two-hundred day moving average price is $3.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of -9.05, a price-to-earnings-growth ratio of 0.33 and a beta of 0.42.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The business's quarterly revenue was up 40.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, sell-side analysts forecast that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th will be given a $0.02 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.8%. B2Gold's dividend payout ratio (DPR) is -22.86%.

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.