Quantbot Technologies LP Sells 217,884 Shares of B2Gold Corp. $BTG

Key Points

• Quantbot Technologies LP reduced its stake in B2Gold Corp. by 24.3%, selling 217,884 shares, and now holds approximately 0.05% of the company worth $1,939,000.
• B2Gold recently announced a quarterly dividend of $0.02 per share, with a yield of 2.1% and an annualized dividend of $0.08.
• Analysts have mixed ratings on B2Gold, with a consensus rating of "Hold" and a target price of $4.31, following reports of the company's 40.5% revenue increase year-over-year.

Quantbot Technologies LP lowered its holdings in B2Gold Corp. (NYSE:BTG - Free Report) by 24.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 680,502 shares of the company's stock after selling 217,884 shares during the period. Quantbot Technologies LP owned approximately 0.05% of B2Gold worth $1,939,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cantor Fitzgerald L. P. purchased a new position in shares of B2Gold in the fourth quarter valued at $25,000. Independent Wealth Network Inc. acquired a new stake in shares of B2Gold during the first quarter worth $28,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of B2Gold in the 4th quarter worth about $30,000. Kercheville Advisors LLC acquired a new stake in shares of B2Gold in the 1st quarter worth about $31,000. Finally, Walker Asset Management LLC acquired a new stake in shares of B2Gold in the 1st quarter worth about $32,000. Institutional investors and hedge funds own 61.40% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BTG. CIBC reaffirmed a "neutral" rating and issued a $4.00 price objective (up previously from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Zacks Research cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 target price on the stock in a research note on Monday, June 30th. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, National Bankshares reissued an "outperform" rating on shares of B2Gold in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.31.

B2Gold Trading Down 0.1%

Shares of BTG traded down $0.01 during midday trading on Wednesday, hitting $4.05. The stock had a trading volume of 7,482,580 shares, compared to its average volume of 41,355,781. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $4.05. The business has a 50-day simple moving average of $3.62 and a two-hundred day simple moving average of $3.26. The firm has a market cap of $5.35 billion, a P/E ratio of -8.43, a price-to-earnings-growth ratio of 0.33 and a beta of 0.39. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.During the same quarter last year, the firm earned $0.06 earnings per share. B2Gold's revenue for the quarter was up 40.5% compared to the same quarter last year. As a group, equities analysts forecast that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Announces Dividend

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 issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, September 10th. B2Gold's dividend payout ratio (DPR) is currently -22.86%.

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.