B2Gold Corp. (NYSE:BTG) Position Lessened by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp has reduced its stake in B2Gold Corp. by 15.8%, selling 230,100 shares, while still holding 1,226,400 shares worth approximately $3.49 million.
• Several institutional investors have made significant changes to their positions in B2Gold, with US Bancorp DE increasing its holdings by an impressive 4,920.6%.
• Analysts have set a consensus price target of $4.31 for B2Gold, with most ratings being either "hold" or "buy".

Alberta Investment Management Corp decreased its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,226,400 shares of the company's stock after selling 230,100 shares during the period. Alberta Investment Management Corp owned 0.09% of B2Gold worth $3,485,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. US Bancorp DE lifted its holdings in shares of B2Gold by 4,920.6% in the 1st quarter. US Bancorp DE now owns 74,606 shares of the company's stock worth $213,000 after purchasing an additional 73,120 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of B2Gold in the 1st quarter worth approximately $91,000. Mackenzie Financial Corp increased its position in B2Gold by 6.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,081,272 shares of the company's stock valued at $3,073,000 after acquiring an additional 61,941 shares during the period. Resolute Wealth Strategies LLC acquired a new stake in B2Gold in the 1st quarter valued at approximately $65,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in B2Gold by 5.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 349,241 shares of the company's stock valued at $992,000 after acquiring an additional 19,237 shares during the period. Institutional investors own 61.40% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. National Bankshares restated an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. CIBC restated a "neutral" rating and issued a $4.00 target price (up from $3.60) on shares of B2Gold in a research report on Tuesday, July 15th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Raymond James Financial upgraded B2Gold to a "moderate buy" rating and set a $4.50 target price on the stock in a research report on Monday, June 30th. Finally, Wall Street Zen upgraded B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $4.31.

B2Gold Stock Up 2.1%

Shares of BTG stock opened at $3.44 on Friday. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.83. The stock has a market cap of $4.55 billion, a PE ratio of -7.17, a price-to-earnings-growth ratio of 0.33 and a beta of 0.45. The business's fifty day moving average is $3.55 and its 200-day moving average is $3.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

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

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, June 11th. B2Gold's payout ratio is presently -17.02%.

B2Gold 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.

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