B2Gold Corp. $BTG Shares Sold by Sprott Inc.

Key Points

• Sprott Inc. reduced its stake in B2Gold Corp. by 62.5%, selling 1,925,448 shares during the first quarter, and now holds 1,155,774 shares valued at approximately $3.29 million.
• B2Gold plans to distribute a quarterly dividend of $0.02 per share, with shareholders of record receiving the payment on September 23rd, resulting in an annualized yield of 2.1%.
• Analysts have varying ratings on B2Gold shares, with a consensus target price set at $4.31, indicating mixed sentiment towards the stock's future performance.

Sprott Inc. reduced its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 62.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,155,774 shares of the company's stock after selling 1,925,448 shares during the quarter. Sprott Inc. owned 0.09% of B2Gold worth $3,294,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cantor Fitzgerald L. P. purchased a new position in B2Gold during the fourth quarter valued at approximately $25,000. Independent Wealth Network Inc. purchased a new position in B2Gold during the first quarter valued at approximately $28,000. Schonfeld Strategic Advisors LLC purchased a new position in B2Gold during the fourth quarter valued at approximately $30,000. Kercheville Advisors LLC purchased a new position in B2Gold during the first quarter valued at approximately $31,000. Finally, Walker Asset Management LLC purchased a new position in B2Gold during the first quarter valued at approximately $32,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on BTG. Wall Street Zen upgraded B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Zacks Research cut 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 report on Wednesday, July 16th. CIBC restated a "neutral" rating and issued a $4.00 price objective (up from $3.60) on shares of B2Gold in a research report on Tuesday, July 15th. Finally, Raymond James Financial upgraded B2Gold to a "moderate buy" rating and set a $4.50 price objective for the company in a research report on Monday, June 30th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $4.31.

B2Gold Price Performance

BTG traded up $0.10 on Tuesday, hitting $4.05. 20,932,860 shares of the company's stock were exchanged, compared to its average volume of 41,573,246. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $4.05. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $3.62 and a 200-day moving average price of $3.26. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of -8.44, a P/E/G ratio of 0.33 and a beta of 0.39.

B2Gold (NYSE:BTG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 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 EPS. The business's revenue was up 40.5% compared to the same quarter last year. As a group, equities 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 will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 2.0%. B2Gold's payout ratio is -22.86%.

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.