B2Gold Corp. (NYSE:BTG) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. reduced its position in B2Gold Corp. (NYSE:BTG - Free Report) by 37.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,807,200 shares of the company's stock after selling 4,759,940 shares during the quarter. Intact Investment Management Inc. owned 0.60% of B2Gold worth $24,131,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. E&G Advisors LP purchased a new position in B2Gold during the 3rd quarter worth $31,000. Private Advisor Group LLC purchased a new stake in shares of B2Gold during the third quarter worth about $33,000. Continuum Advisory LLC acquired a new position in shares of B2Gold during the second quarter valued at about $40,000. Baader Bank Aktiengesellschaft purchased a new position in shares of B2Gold in the 2nd quarter valued at approximately $42,000. Finally, Blue Trust Inc. boosted its stake 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. 61.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BTG. Scotiabank lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 9th. Jefferies Financial Group lifted their price objective on B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, October 4th. CIBC upped their target price on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Cormark cut B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 12th. Finally, StockNews.com upgraded B2Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, B2Gold has a consensus rating of "Hold" and a consensus price target of $4.12.

B2Gold Stock Performance

Shares of B2Gold stock traded down $0.01 during trading hours on Monday, reaching $3.28. 7,842,921 shares of the company were exchanged, compared to its average volume of 12,537,252. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of -29.91, a PEG ratio of 2.72 and a beta of 1.13. The firm has a fifty day moving average of $3.13. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.50. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The firm had revenue of $492.57 million during the quarter. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. Research analysts expect that B2Gold Corp. will post 0.25 earnings per share for the current year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.16 annualized dividend and a dividend yield of 4.88%. B2Gold's dividend payout ratio is presently -145.45%.

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.