B2Gold Corp. $BTG Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in B2Gold Corp. by 39.8%, selling 487,971 shares and owning 739,577 shares worth approximately $2.12 million as of the end of the first quarter.
• B2Gold has recently faced mixed ratings from analysts, with Zacks Research downgrading the stock from "strong-buy" to "hold", while other firms like Wall Street Zen upgraded it to a "buy".
• The company has announced a quarterly dividend of $0.02 per share, with an annualized yield of 2.0%, to be paid on September 23rd.

Russell Investments Group Ltd. lessened its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 39.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 739,577 shares of the company's stock after selling 487,971 shares during the period. Russell Investments Group Ltd. owned about 0.06% of B2Gold worth $2,125,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cantor Fitzgerald L. P. acquired a new stake in B2Gold in the fourth quarter valued at approximately $25,000. Independent Wealth Network Inc. acquired a new stake in B2Gold in the first quarter valued at approximately $28,000. Schonfeld Strategic Advisors LLC acquired a new stake in B2Gold in the fourth quarter valued at approximately $30,000. Kercheville Advisors LLC acquired a new stake in B2Gold in the first quarter valued at approximately $31,000. Finally, Walker Asset Management LLC acquired a new stake in B2Gold in the first quarter valued at approximately $32,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. CIBC restated a "neutral" rating and set a $4.00 price objective (up from $3.60) on shares of B2Gold in a research note on Tuesday, July 15th. Zacks Research cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 price objective for the company in a research note on Monday, June 30th. National Bankshares restated an "outperform" rating on shares of B2Gold in a research note on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $4.31.

B2Gold Stock Performance

Shares of NYSE:BTG traded up $0.09 during trading on Friday, hitting $4.13. 27,960,650 shares of the stock traded hands, compared to its average volume of 41,277,234. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.46 billion, a price-to-earnings ratio of -8.60, a P/E/G ratio of 0.33 and a beta of 0.39. The company has a fifty day moving average price of $3.65 and a two-hundred day moving average price of $3.30. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $4.14.

B2Gold (NYSE:BTG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. The company's revenue was up 40.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, equities analysts predict that B2Gold Corp. will post 0.4 EPS for the current 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 paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.9%. 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.