526,800 Shares in B2Gold Corp. (NYSE:BTG) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in B2Gold Corp. (NYSE:BTG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 526,800 shares of the company's stock, valued at approximately $1,285,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new position in shares of B2Gold during the fourth quarter valued at $29,000. Signaturefd LLC increased its stake in B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after buying an additional 8,250 shares during the period. Carrera Capital Advisors bought a new stake in shares of B2Gold during the 4th quarter worth about $39,000. HighTower Advisors LLC lifted its stake in shares of B2Gold by 45.4% in the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock worth $41,000 after acquiring an additional 5,288 shares during the period. Finally, FIL Ltd boosted its holdings in shares of B2Gold by 37.5% in the fourth quarter. FIL Ltd now owns 38,047 shares of the company's stock valued at $93,000 after acquiring an additional 10,373 shares in the last quarter. Institutional investors own 61.40% of the company's stock.

B2Gold Stock Up 3.1 %

Shares of BTG stock traded up $0.09 on Monday, reaching $3.03. 45,457,980 shares of the company's stock traded hands, compared to its average volume of 22,601,437. The business's 50 day moving average price is $2.99 and its two-hundred day moving average price is $2.82. The company has a market capitalization of $4.00 billion, a P/E ratio of -6.31, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93. 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 12-month low of $2.20 and a 12-month high of $3.51.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued 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 dividend yield of 2.64%. B2Gold's dividend payout ratio is -16.67%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BTG shares. TD Securities downgraded B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Raymond James reissued an "outperform" rating and set a $4.50 target price on shares of B2Gold in a research note on Friday, April 4th. Finally, CIBC lifted their price target on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, 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.