B2Gold Corp. (NYSE:BTG) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 210.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,608,343 shares of the company's stock after purchasing an additional 1,090,768 shares during the period. JPMorgan Chase & Co. owned approximately 0.12% of B2Gold worth $3,924,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BTG. American Century Companies Inc. lifted its position in B2Gold by 31.3% during 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. Amundi raised its stake in shares of B2Gold by 37.4% during the 4th quarter. Amundi now owns 8,139,040 shares of the company's stock valued at $21,243,000 after buying an additional 2,215,319 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of B2Gold by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock valued at $129,823,000 after buying an additional 1,165,204 shares during the period. DJE Kapital AG purchased a new stake in shares of B2Gold in the fourth quarter worth about $2,036,000. Finally, Quantbot Technologies LP grew its holdings in B2Gold by 645.3% during the fourth quarter. Quantbot Technologies LP now owns 898,386 shares of the company's stock worth $2,192,000 after acquiring an additional 777,847 shares during the period. 61.40% of the stock is currently owned by institutional investors.

B2Gold Price Performance

BTG traded down $0.06 on Friday, reaching $3.10. 19,341,081 shares of the company's stock were exchanged, compared to its average volume of 21,580,993. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The stock's fifty day moving average price is $2.96 and its 200-day moving average price is $2.83. The stock has a market cap of $4.09 billion, a PE ratio of -6.45, a P/E/G ratio of 0.33 and a beta of 0.93. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.51.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Friday, March 7th. B2Gold's payout ratio is presently -16.67%.

Analyst Upgrades and Downgrades

BTG has been the subject of a number of analyst reports. Raymond James reissued an "outperform" rating and issued a $4.50 price target on shares of B2Gold in a report on Friday, April 4th. CIBC boosted their target price 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. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, B2Gold has an average rating of "Hold" and a consensus price target of $4.21.

About B2Gold

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.