Susquehanna Fundamental Investments LLC Invests $1.29 Million in B2Gold Corp. (NYSE:BTG)

Susquehanna Fundamental Investments LLC purchased a new position in shares of B2Gold Corp. (NYSE:BTG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 526,800 shares of the company's stock, valued at approximately $1,285,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in B2Gold by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock worth $129,823,000 after acquiring an additional 1,165,204 shares during the period. Renaissance Technologies LLC grew its stake in shares of B2Gold by 1.0% during the fourth quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock worth $66,335,000 after purchasing an additional 272,300 shares during the period. Dimensional Fund Advisors LP increased its holdings in B2Gold by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock valued at $59,510,000 after purchasing an additional 130,638 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 buying an additional 5,401,334 shares during the period. Finally, Norges Bank bought a new position in B2Gold during the fourth quarter worth about $40,192,000. 61.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BTG has been the subject of several recent analyst reports. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Wednesday, April 2nd. CIBC increased their price target on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, B2Gold presently has an average rating of "Hold" and an average price target of $4.21.

B2Gold Stock Down 1.1 %

NYSE:BTG traded down $0.04 on Wednesday, hitting $3.15. 10,755,858 shares of the company's stock were exchanged, compared to its average volume of 22,736,311. The firm has a 50-day moving average price of $3.00 and a 200-day moving average price of $2.82. B2Gold Corp. has a 52 week low of $2.20 and a 52 week high of $3.51. 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 company has a market cap of $4.15 billion, a P/E ratio of -6.53, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.54%. B2Gold's dividend 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.