B2Gold Corp. $BTG Shares Sold by Causeway Capital Management LLC

Key Points

• Causeway Capital Management LLC reduced its holdings in B2Gold Corp. by 91.1% in the first quarter, now owning just 94,491 shares worth approximately $269,000.
• B2Gold recently declared a quarterly dividend of $0.02 per share, translating to an annualized dividend of $0.08 and a yield of 2.0%.
• The company reported $0.12 earnings per share in its last quarterly earnings, missing analysts' estimates by $0.01, with a revenue increase of 40.5% compared to the previous year.

Causeway Capital Management LLC reduced its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 91.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,491 shares of the company's stock after selling 966,813 shares during the quarter. Causeway Capital Management LLC's holdings in B2Gold were worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Cantor Fitzgerald L. P. bought a new position in shares of B2Gold during the 4th quarter valued at approximately $25,000. Independent Wealth Network Inc. bought a new stake in shares of B2Gold during the first quarter worth $28,000. Schonfeld Strategic Advisors LLC bought a new position in B2Gold in the 4th quarter worth about $30,000. Kercheville Advisors LLC purchased a new position in B2Gold during the 1st quarter worth $31,000. Finally, Walker Asset Management LLC purchased a new stake in B2Gold in the first quarter worth about $32,000. 61.40% of the stock is owned by institutional investors.

B2Gold Trading Down 0.5%

B2Gold stock traded down $0.02 during trading on Thursday, reaching $4.04. 24,326,354 shares of the company were exchanged, compared to its average volume of 41,353,348. The stock's 50 day simple moving average is $3.64 and its two-hundred day simple moving average is $3.28. The company has a market capitalization of $5.34 billion, a P/E ratio of -8.42, a PEG ratio of 0.33 and a beta of 0.39. 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 52-week low of $2.20 and a 52-week high of $4.10.

B2Gold (NYSE:BTG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) 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%. During the same period in the previous year, the firm earned $0.06 earnings per share. The company's quarterly revenue was up 40.5% compared to the same quarter last year. On average, equities research analysts expect that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.02 per share. 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 2.0%. B2Gold's payout ratio is -22.86%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BTG. CIBC restated a "neutral" rating and issued a $4.00 target price (up from $3.60) on shares of B2Gold in a research note on Tuesday, July 15th. National Bankshares restated an "outperform" rating on shares of B2Gold in a research note on Wednesday, July 16th. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Zacks Research downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $4.31.

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.