B2Gold Corp. (NYSE:BTG) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 51.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 also recently bought and sold shares of the stock. Cantor Fitzgerald L. P. acquired a new position in shares of B2Gold in the 4th quarter valued at about $25,000. Groupama Asset Managment purchased a new position in B2Gold in the fourth quarter valued at approximately $29,000. Schonfeld Strategic Advisors LLC acquired a new position in B2Gold during the fourth quarter valued at approximately $30,000. Kercheville Advisors LLC purchased a new stake in B2Gold during the first quarter worth approximately $31,000. Finally, Signaturefd LLC grew its stake in B2Gold by 176.1% during the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after buying an additional 8,250 shares during the period. Hedge funds and other institutional investors own 61.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. CIBC raised their price objective on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Raymond James Financial reaffirmed an "outperform" rating and issued a $4.50 target price on shares of B2Gold in a research report on Friday, April 4th. Finally, Wall Street Zen upgraded 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 sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, B2Gold presently has an average rating of "Moderate Buy" and an average price target of $4.21.

B2Gold Stock Up 0.8%

Shares of B2Gold stock traded up $0.03 during trading hours on Monday, hitting $3.67. 54,638,079 shares of the company's stock traded hands, compared to its average volume of 28,042,376. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.83. The stock has a 50 day simple moving average of $3.33 and a 200-day simple moving average of $2.90. The company has a market cap of $4.85 billion, a PE ratio of -7.65, a PEG ratio of 0.33 and a beta of 0.44.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 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 posted $0.06 earnings per share. The company's revenue was up 15.3% compared to the same quarter last year. Equities research analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.18%. B2Gold's dividend payout ratio (DPR) is presently -17.02%.

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.