Renaissance Technologies LLC Sells 1,892,500 Shares of B2Gold Corp. (NYSE:BTG)

Renaissance Technologies LLC decreased its position in shares of B2Gold Corp. (NYSE:BTG) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,468,397 shares of the company’s stock after selling 1,892,500 shares during the quarter. Renaissance Technologies LLC owned about 1.87% of B2Gold worth $66,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BTG. American Century Companies Inc. boosted its stake in B2Gold by 39.4% during the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after acquiring an additional 3,474,553 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in B2Gold during the 2nd quarter worth approximately $6,912,000. Equinox Partners Investment Management LLC boosted its stake in B2Gold by 31.6% during the 2nd 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 during the last quarter. DekaBank Deutsche Girozentrale bought a new position in B2Gold during the 2nd quarter worth approximately $927,000. Finally, Monaco Asset Management SAM boosted its stake in B2Gold by 29.6% during the 2nd quarter. Monaco Asset Management SAM now owns 800,000 shares of the company’s stock worth $2,160,000 after acquiring an additional 182,815 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on BTG shares. Cibc World Mkts upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. CIBC lifted their price objective on shares of B2Gold from $3.40 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on shares of B2Gold from $3.50 to $4.00 and gave the company a “buy” rating in a report on Friday, July 12th. Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3.75.

B2Gold Trading Up 5.4 %

Shares of BTG opened at $3.33 on Tuesday. The company has a market cap of $4.35 billion, a P/E ratio of -111.00, a PEG ratio of 0.43 and a beta of 1.14. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $2.85. B2Gold Corp. has a 12-month low of $2.34 and a 12-month high of $3.46.

B2Gold (NYSE:BTG) last issued its quarterly earnings results 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 business had revenue of $492.57 million for the quarter. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. As a group, analysts predict 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. Investors of record on Tuesday, September 10th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.80%. B2Gold’s dividend payout ratio is -533.33%.

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.