Guggenheim Capital LLC Sells 160,315 Shares of B2Gold Corp. (NYSE:BTG)

Guggenheim Capital LLC reduced its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 19.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 654,978 shares of the company's stock after selling 160,315 shares during the quarter. Guggenheim Capital LLC's holdings in B2Gold were worth $1,598,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in B2Gold in the third quarter worth about $36,000. Groupama Asset Managment bought a new stake in shares of B2Gold in the 4th quarter worth approximately $29,000. Signaturefd LLC raised its holdings in shares of B2Gold by 176.1% in the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after purchasing an additional 8,250 shares during the period. Carrera Capital Advisors purchased a new position in B2Gold in the fourth quarter valued at approximately $39,000. Finally, Sanctuary Advisors LLC bought a new position in B2Gold during the third quarter valued at $50,000. Institutional investors own 61.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BTG shares. Raymond James reaffirmed an "outperform" rating and set a $4.50 price target on shares of B2Gold in a research report on Friday, April 4th. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a report on Wednesday, April 2nd. TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Finally, CIBC lifted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $4.21.

B2Gold Price Performance

Shares of BTG traded down $0.07 during mid-day trading on Friday, reaching $3.09. 25,347,551 shares of the stock traded hands, compared to its average volume of 21,601,225. The company has a market cap of $4.07 billion, a price-to-earnings ratio of -6.43, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.51. The firm has a fifty day moving average price of $2.96 and a 200 day moving average price of $2.83. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.59%. The ex-dividend date was Friday, March 7th. B2Gold's payout ratio is -16.67%.

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.