B2Gold Corp. (NYSE:BTG) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lowered its holdings in B2Gold Corp. (NYSE:BTG) by 42.2% in the third quarter, Holdings Channel.com reports. The fund owned 10,389 shares of the company’s stock after selling 7,600 shares during the quarter. Insigneo Advisory Services LLC’s holdings in B2Gold were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BTG. Van ECK Associates Corp lifted its position in shares of B2Gold by 40.6% during the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after acquiring an additional 47,967,010 shares during the period. Two Sigma Advisers LP raised its holdings in shares of B2Gold by 66.9% in the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock worth $55,058,000 after acquiring an additional 7,165,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of B2Gold by 69.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after acquiring an additional 4,754,500 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of B2Gold by 39.4% during the second quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock valued at $33,053,000 after acquiring an additional 3,474,553 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of B2Gold by 80.0% during the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after buying an additional 3,311,970 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BTG has been the subject of several recent analyst reports. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group boosted their price objective on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.12.

B2Gold Stock Performance

Shares of NYSE:BTG opened at $2.68 on Tuesday. The business’s 50-day simple moving average is $3.05 and its 200 day simple moving average is $2.91. The company has a market cap of $3.52 billion, a P/E ratio of -4.79, a PEG ratio of 0.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a one year low of $2.34 and a one year high of $3.50.

B2Gold (NYSE:BTG) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. On average, sell-side analysts forecast that B2Gold Corp. will post 0.23 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s payout ratio is currently -28.57%.

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.