Monaco Asset Management SAM Trims Stock Holdings in B2Gold Corp. (NYSE:BTG)

Key Points

• Monaco Asset Management SAM significantly reduced its stake in B2Gold Corp. by 61.5%, selling 800,000 shares and retaining 500,000 shares, valued at approximately $1.425 million.
• Several institutional investors, including Bank of America and Invesco, have increased their holdings in B2Gold, which indicates growing interest in the company.
• B2Gold recently reported a $0.09 earnings per share for the last quarter, exceeding analysts' expectations and showing a 15.3% increase in revenue compared to the same period last year.

Monaco Asset Management SAM trimmed its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 61.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,000 shares of the company's stock after selling 800,000 shares during the period. Monaco Asset Management SAM's holdings in B2Gold were worth $1,425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold in the 4th quarter worth about $25,000. Independent Wealth Network Inc. acquired a new position in shares of B2Gold in the 1st quarter valued at $28,000. Groupama Asset Managment acquired a new position in B2Gold in the 4th quarter worth about $29,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of B2Gold during the 4th quarter worth about $30,000. Finally, Kercheville Advisors LLC acquired a new position in shares of B2Gold during the 1st quarter valued at about $31,000. Institutional investors own 61.40% of the company's stock.

Analyst Ratings Changes

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

B2Gold Stock Up 2.1%

NYSE BTG traded up $0.07 during trading hours on Friday, hitting $3.44. 41,269,721 shares of the company were exchanged, compared to its average volume of 42,896,359. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.83. The company has a 50 day moving average of $3.55 and a two-hundred day moving average of $3.09. 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 firm has a market cap of $4.55 billion, a price-to-earnings ratio of -7.17, a PEG ratio of 0.33 and a beta of 0.45.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings results 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%. The business's revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. Equities research analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, June 11th. B2Gold's dividend payout ratio is currently -17.02%.

About B2Gold

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.