Paragon Capital Management Ltd Sells 16,053 Shares of B2Gold Corp. (NYSE:BTG)

Paragon Capital Management Ltd decreased its position in shares of B2Gold Corp. (NYSE:BTG) by 15.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,859 shares of the company’s stock after selling 16,053 shares during the period. Paragon Capital Management Ltd’s holdings in B2Gold were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Walker Asset Management LLC bought a new position in shares of B2Gold in the first quarter worth $32,000. PKO Investment Management Joint Stock Co bought a new position in shares of B2Gold in the fourth quarter worth $1,516,000. Mackenzie Financial Corp increased its position in shares of B2Gold by 56.7% in the fourth quarter. Mackenzie Financial Corp now owns 1,019,331 shares of the company’s stock worth $2,501,000 after purchasing an additional 368,961 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of B2Gold in the fourth quarter worth $276,000. Finally, Vident Advisory LLC increased its position in shares of B2Gold by 17.0% in the fourth quarter. Vident Advisory LLC now owns 315,546 shares of the company’s stock worth $770,000 after purchasing an additional 45,915 shares during the period. Institutional investors own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BTG. National Bankshares restated an “outperform” rating on shares of B2Gold in a research report on Wednesday, April 2nd. Wall Street Zen upgraded B2Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, Raymond James reiterated an “outperform” rating and issued a $4.50 target price on shares of B2Gold in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, B2Gold has a consensus rating of “Moderate Buy” and an average price target of $4.21.

B2Gold Stock Performance

B2Gold stock opened at $3.71 on Friday. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $3.81. 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 business’s 50-day moving average price is $3.21 and its two-hundred day moving average price is $2.86. The stock has a market cap of $4.90 billion, a PE ratio of -7.73, a P/E/G ratio of 0.33 and a beta of 0.44.

B2Gold (NYSE:BTG) last released its earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. During the same period in the previous year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, analysts expect that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Wednesday, June 11th. B2Gold’s payout ratio is -17.02%.

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.