Royal Bank of Canada Has $11.54 Million Holdings in B2Gold Corp. $BTG

Key Points

• The Royal Bank of Canada reduced its stake in B2Gold Corp. by 3.3%, selling 136,917 shares and retaining approximately $11.54 million worth of the stock.
• Key investors, including Pale Fire Capital SE and Vanguard Group Inc., increased their holdings in B2Gold, indicating a general trend of institutional investment in the company.
• B2Gold recently announced a quarterly dividend of $0.02 per share, reflecting a 1.8% dividend yield, and missed the earnings consensus estimate for the last quarter.

Royal Bank of Canada lessened its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 3.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,048,701 shares of the company's stock after selling 136,917 shares during the period. Royal Bank of Canada owned about 0.31% of B2Gold worth $11,539,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BTG. Independent Wealth Network Inc. acquired a new position in shares of B2Gold during the 1st quarter worth approximately $28,000. Kercheville Advisors LLC bought a new position in shares of B2Gold in the first quarter valued at $31,000. Walker Asset Management LLC acquired a new position in B2Gold during the first quarter worth $32,000. Schonfeld Strategic Advisors LLC bought a new stake in B2Gold during the fourth quarter worth $30,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in B2Gold in the first quarter valued at $38,000. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Price Performance

BTG stock traded down $0.05 during midday trading on Tuesday, reaching $4.35. The company had a trading volume of 30,262,251 shares, compared to its average volume of 41,584,059. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $4.60. The stock has a 50 day moving average price of $3.79 and a 200-day moving average price of $3.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of -9.05, a price-to-earnings-growth ratio of 0.33 and a beta of 0.42.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The firm's quarterly revenue was up 40.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Equities research analysts expect that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's dividend payout ratio (DPR) is -22.86%.

Analyst Ratings Changes

Several research firms have recently weighed in on BTG. CIBC restated a "neutral" rating and set a $4.00 price objective (up from $3.60) on shares of B2Gold in a research note on Tuesday, July 15th. Zacks Research downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. National Bankshares restated an "outperform" rating on shares of B2Gold in a research note on Wednesday, July 16th. Finally, Raymond James Financial upgraded B2Gold to a "moderate buy" rating and set a $4.50 target price for the company in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, B2Gold currently has an average rating of "Hold" and an average target price of $4.31.

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.