Jupiter Asset Management Ltd. Sells 560,986 Shares of B2Gold Corp. (NYSE:BTG)

Jupiter Asset Management Ltd. lessened its holdings in shares of B2Gold Corp. (NYSE:BTG) by 28.6% in the second quarter, Holdings Channel.com reports. The firm owned 1,397,613 shares of the company’s stock after selling 560,986 shares during the period. Jupiter Asset Management Ltd.’s holdings in B2Gold were worth $3,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in B2Gold by 39.4% in the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after buying an additional 3,474,553 shares during the period. Equinox Partners Investment Management LLC lifted its position in shares of B2Gold by 31.6% during the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock worth $16,185,000 after acquiring an additional 1,450,000 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of B2Gold in the second quarter worth $6,912,000. CIBC Asset Management Inc grew its position in shares of B2Gold by 2.0% in the second quarter. CIBC Asset Management Inc now owns 1,818,734 shares of the company’s stock valued at $4,876,000 after purchasing an additional 35,329 shares in the last quarter. Finally, Monaco Asset Management SAM raised its stake in shares of B2Gold by 29.6% during the 2nd quarter. Monaco Asset Management SAM now owns 800,000 shares of the company’s stock valued at $2,160,000 after purchasing an additional 182,815 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BTG shares. Jefferies Financial Group raised their target price on B2Gold from $3.50 to $4.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Cibc World Mkts raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Finally, CIBC upped their price target on shares of B2Gold from $3.40 to $3.50 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, B2Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

B2Gold Price Performance

Shares of B2Gold stock opened at $3.17 on Friday. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.46. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -105.46, a PEG ratio of 0.43 and a beta of 1.14. The company’s 50 day moving average is $2.83.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. As a group, research analysts anticipate that B2Gold Corp. will post 0.27 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.16 annualized dividend and a dividend yield of 5.06%. B2Gold’s dividend payout ratio (DPR) is presently -533.16%.

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.