B2Gold Corp. (NYSE:BTG) Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co reduced its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 16.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 519,000 shares of the company's stock after selling 100,000 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in B2Gold were worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of B2Gold by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock valued at $129,823,000 after purchasing an additional 1,165,204 shares in the last quarter. Renaissance Technologies LLC lifted its stake in B2Gold by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock valued at $66,335,000 after buying an additional 272,300 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in B2Gold by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock valued at $59,510,000 after buying an additional 130,638 shares during the last quarter. American Century Companies Inc. grew its holdings in B2Gold by 31.3% during the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock valued at $55,436,000 after buying an additional 5,401,334 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in B2Gold by 15.7% during the fourth quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company's stock worth $50,448,000 after buying an additional 2,799,520 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

B2Gold Trading Up 0.3%

Shares of BTG stock traded up $0.01 on Thursday, reaching $3.70. 51,117,493 shares of the stock were exchanged, compared to its average volume of 27,764,787. The stock has a market cap of $4.89 billion, a P/E ratio of -7.71, a price-to-earnings-growth ratio of 0.33 and a beta of 0.44. 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 50 day moving average of $3.31 and a two-hundred day moving average of $2.89. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.83.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, topping 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 company's revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. On average, research analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.16%. B2Gold's 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.