Two Sigma Securities LLC trimmed its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 36.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 371,763 shares of the company's stock after selling 209,122 shares during the quarter. Two Sigma Securities LLC's holdings in B2Gold were worth $907,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of B2Gold in the fourth quarter valued at about $40,192,000. American Century Companies Inc. grew its position in shares of B2Gold by 31.3% in the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock valued at $55,436,000 after purchasing an additional 5,401,334 shares during the period. Invesco Ltd. grew its position in shares of B2Gold by 32.7% in the fourth quarter. Invesco Ltd. now owns 15,987,385 shares of the company's stock valued at $39,009,000 after purchasing an additional 3,939,040 shares during the period. Amundi grew its position in shares of B2Gold by 37.4% in the fourth quarter. Amundi now owns 8,139,040 shares of the company's stock valued at $21,243,000 after purchasing an additional 2,215,319 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of B2Gold by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock valued at $129,823,000 after purchasing an additional 1,165,204 shares during the period. Hedge funds and other institutional investors own 61.40% of the company's stock.
B2Gold Stock Up 0.6 %
Shares of NYSE:BTG traded up $0.02 during trading on Wednesday, hitting $3.12. The company's stock had a trading volume of 31,787,489 shares, compared to its average volume of 40,649,145. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $3.51. The stock's 50-day moving average price is $2.98 and its two-hundred day moving average price is $2.83. The company has a market capitalization of $4.12 billion, a PE ratio of -6.50, a PEG ratio of 0.33 and a beta of 0.93.
B2Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's dividend payout ratio (DPR) is -16.67%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on BTG shares. TD Securities downgraded B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. Raymond James reissued an "outperform" rating and set a $4.50 price target on shares of B2Gold in a research report on Friday, April 4th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Finally, Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $4.21.
Get Our Latest Stock Report on BTG
About B2Gold
(
Free Report)
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.
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