Northwest & Ethical Investments L.P. Sells 26,637 Shares of B2Gold Corp. (NYSE:BTG)

Northwest & Ethical Investments L.P. decreased its holdings in shares of B2Gold Corp. (NYSE:BTG) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,847 shares of the company’s stock after selling 26,637 shares during the period. Northwest & Ethical Investments L.P.’s holdings in B2Gold were worth $398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BTG. E&G Advisors LP purchased a new position in shares of B2Gold during the third quarter valued at approximately $31,000. Private Advisor Group LLC bought a new stake in B2Gold in the third quarter valued at $33,000. Continuum Advisory LLC bought a new stake in B2Gold in the second quarter valued at $40,000. Baader Bank Aktiengesellschaft purchased a new position in B2Gold during the 2nd quarter valued at $42,000. Finally, Blue Trust Inc. raised its holdings in B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after purchasing an additional 5,764 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BTG. Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. CIBC lifted their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, B2Gold presently has a consensus rating of “Hold” and an average price target of $4.12.

B2Gold Stock Performance

B2Gold stock opened at $2.88 on Friday. B2Gold Corp. has a twelve month low of $2.34 and a twelve 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 company has a market capitalization of $3.78 billion, a P/E ratio of -5.14, a PEG ratio of 0.55 and a beta of 1.13. The stock’s 50 day moving average is $3.11 and its 200 day moving average is $2.91.

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

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 5.56%. B2Gold’s dividend payout ratio (DPR) is presently -28.57%.

B2Gold Company 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.