Equinox Partners Investment Management LLC Lowers Stock Holdings in B2Gold Corp. (NYSEAMERICAN:BTG)

Equinox Partners Investment Management LLC lowered its position in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 22.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,582,986 shares of the basic materials company’s stock after selling 1,331,139 shares during the period. B2Gold accounts for approximately 9.8% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Equinox Partners Investment Management LLC owned approximately 0.35% of B2Gold worth $12,016,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BTG. Van ECK Associates Corp grew its position in B2Gold by 6.4% during the fourth quarter. Van ECK Associates Corp now owns 165,894,403 shares of the basic materials company’s stock worth $524,231,000 after buying an additional 9,971,331 shares in the last quarter. Vanguard Group Inc. grew its position in B2Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 49,399,970 shares of the basic materials company’s stock worth $156,104,000 after buying an additional 856,269 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of B2Gold by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 22,912,152 shares of the basic materials company’s stock valued at $72,403,000 after purchasing an additional 1,178,984 shares in the last quarter. Norges Bank bought a new position in B2Gold during the 4th quarter worth $50,125,000. Finally, Intact Investment Management Inc. raised its position in shares of B2Gold by 22.2% in the 4th quarter. Intact Investment Management Inc. now owns 13,747,050 shares of the basic materials company’s stock worth $43,472,000 after acquiring an additional 2,496,820 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BTG shares. Jefferies Financial Group initiated coverage on B2Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $3.50 target price on the stock. Royal Bank of Canada cut their target price on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research report on Thursday, March 28th. Finally, StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, B2Gold has a consensus rating of “Moderate Buy” and an average price target of $4.57.

B2Gold Price Performance

BTG stock traded up $0.04 during trading on Thursday, reaching $2.67. The company had a trading volume of 2,934,886 shares, compared to its average volume of 11,544,872. B2Gold Corp. has a 52 week low of $2.34 and a 52 week high of $3.83. The stock has a market cap of $3.49 billion, a P/E ratio of -87.64, a P/E/G ratio of 1.65 and a beta of 1.10. The business’s 50 day moving average price is $2.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.99.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. The company had revenue of $461.40 million during the quarter, compared to the consensus estimate of $453.81 million. During the same period in the prior year, the firm earned $0.08 earnings per share. B2Gold’s revenue was down 2.6% on a year-over-year basis. Research analysts expect that B2Gold Corp. will post 0.26 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date was Tuesday, June 11th. B2Gold’s dividend payout ratio is -533.16%.

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.