Amundi Trims Stake in B2Gold Corp. $BTG

Amundi lowered its position in B2Gold Corp. (NYSE:BTG) by 45.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,935,435 shares of the company’s stock after selling 4,914,462 shares during the period. Amundi’s holdings in B2Gold were worth $21,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Steward Partners Investment Advisory LLC raised its holdings in shares of B2Gold by 875.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company’s stock worth $35,000 after buying an additional 8,750 shares during the period. International Assets Investment Management LLC bought a new position in B2Gold in the 2nd quarter valued at $36,000. OMERS ADMINISTRATION Corp bought a new position in B2Gold in the 1st quarter valued at $38,000. Comprehensive Money Management Services LLC purchased a new stake in B2Gold in the second quarter worth $40,000. Finally, James Investment Research Inc. bought a new stake in shares of B2Gold during the second quarter worth $41,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Up 2.4%

NYSE:BTG opened at $4.68 on Thursday. 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 firm has a market cap of $6.25 billion, a PE ratio of -9.75, a price-to-earnings-growth ratio of 0.33 and a beta of 0.59. The company has a 50-day moving average of $4.66 and a 200 day moving average of $4.13. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $5.94.

B2Gold (NYSE:BTG) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. B2Gold’s quarterly revenue was up 74.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, research analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, December 2nd. B2Gold’s dividend payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BTG. CIBC cut their price target on shares of B2Gold to $6.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Zacks Research cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Raymond James Financial raised their target price on shares of B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

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.