SG Americas Securities LLC Sells 45,964 Shares of B2Gold Corp. (NYSE:BTG)

SG Americas Securities LLC cut its stake in B2Gold Corp. (NYSE:BTG) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,185 shares of the company’s stock after selling 45,964 shares during the quarter. SG Americas Securities LLC’s holdings in B2Gold were worth $449,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. E&G Advisors LP acquired a new position in shares of B2Gold during the third quarter worth about $31,000. Private Advisor Group LLC bought a new position in B2Gold in the third quarter valued at $33,000. Flow Traders U.S. LLC acquired a new stake in shares of B2Gold in the third quarter valued at about $35,000. HighTower Advisors LLC bought a new stake in shares of B2Gold during the 3rd quarter worth approximately $36,000. Finally, Moors & Cabot Inc. lifted its stake in B2Gold by 35.0% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after acquiring an additional 3,500 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BTG has been the subject of several research analyst reports. CIBC reduced their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.02.

B2Gold Price Performance

Shares of BTG opened at $2.42 on Monday. The business has a 50-day simple moving average of $2.56 and a two-hundred day simple moving average of $2.84. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $3.50. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.19 billion, a PE ratio of -4.32, a PEG ratio of 0.26 and a beta of 1.09.

B2Gold (NYSE:BTG) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The company had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. During the same period in the prior year, the business earned $0.05 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Analysts anticipate that B2Gold Corp. will post 0.22 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 6.61%. B2Gold’s dividend payout ratio (DPR) is currently -28.57%.

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.