Investment Management Corp of Ontario Sells 6,772 Shares of B2Gold Corp. (NYSE:BTG)

Investment Management Corp of Ontario trimmed its position in B2Gold Corp. (NYSE:BTG) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,293 shares of the company’s stock after selling 6,772 shares during the quarter. Investment Management Corp of Ontario’s holdings in B2Gold were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BTG. Barclays PLC raised its holdings in shares of B2Gold by 23.7% in the 3rd quarter. Barclays PLC now owns 910,558 shares of the company’s stock valued at $2,804,000 after purchasing an additional 174,477 shares during the period. JPMorgan Chase & Co. raised its holdings in B2Gold by 525.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company’s stock valued at $1,594,000 after acquiring an additional 434,775 shares during the period. Euro Pacific Asset Management LLC raised its holdings in B2Gold by 0.8% in the 4th quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company’s stock valued at $13,924,000 after acquiring an additional 45,605 shares during the period. KG&L Capital Management LLC raised its holdings in B2Gold by 15.6% in the 4th quarter. KG&L Capital Management LLC now owns 146,000 shares of the company’s stock valued at $356,000 after acquiring an additional 19,700 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in B2Gold by 146.3% in the 4th quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company’s stock valued at $1,333,000 after acquiring an additional 324,491 shares during the period. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Performance

NYSE BTG opened at $2.95 on Wednesday. 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 market capitalization of $3.89 billion, a price-to-earnings ratio of -6.15, a P/E/G ratio of 0.33 and a beta of 0.43. The firm’s 50 day simple moving average is $3.04 and its 200 day simple moving average is $2.80. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.51.

B2Gold (NYSE:BTG) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. B2Gold’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. As a group, research analysts expect that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 2.71%. B2Gold’s dividend payout ratio is -17.02%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BTG. Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 22nd. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. National Bankshares reissued an “outperform” rating on shares of B2Gold in a report on Wednesday, April 2nd. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Finally, TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.21.

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.