Intact Investment Management Inc. Sells 3,574,000 Shares of B2Gold Corp. (NYSE:BTG)

Intact Investment Management Inc. lessened its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 51.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,385,400 shares of the company's stock after selling 3,574,000 shares during the period. Intact Investment Management Inc. owned 0.26% of B2Gold worth $9,623,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BTG. Cantor Fitzgerald L. P. bought a new position in B2Gold in the 4th quarter worth approximately $25,000. Groupama Asset Managment acquired a new position in B2Gold during the 4th quarter valued at about $29,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of B2Gold during the 4th quarter worth about $30,000. Kercheville Advisors LLC acquired a new stake in shares of B2Gold in the 1st quarter worth approximately $31,000. Finally, Signaturefd LLC boosted its holdings in shares of B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after acquiring an additional 8,250 shares in the last quarter. Institutional investors own 61.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on BTG. National Bankshares reissued an "outperform" rating on shares of B2Gold in a report on Wednesday, April 2nd. Wall Street Zen raised B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Raymond James Financial reiterated an "outperform" rating and issued a $4.50 target price on shares of B2Gold in a report on Friday, April 4th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, B2Gold has a consensus rating of "Moderate Buy" and an average target price of $4.21.

B2Gold Price Performance

Shares of NYSE:BTG traded up $0.03 during trading on Wednesday, reaching $3.59. The stock had a trading volume of 36,046,360 shares, compared to its average volume of 28,370,002. The stock has a market capitalization of $4.75 billion, a PE ratio of -7.48, a P/E/G ratio of 0.33 and a beta of 0.44. 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 $3.83. The business's 50-day moving average price is $3.34 and its 200 day moving average price is $2.91.

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, topping the consensus estimate of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. The company's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. As a group, equities analysts predict that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Wednesday, June 11th. B2Gold's dividend payout ratio is -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.