XTX Topco Ltd Increases Stock Position in B2Gold Corp. (NYSE:BTG)

XTX Topco Ltd raised its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 231.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 235,800 shares of the company's stock after buying an additional 164,717 shares during the period. XTX Topco Ltd's holdings in B2Gold were worth $575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BTG. HighTower Advisors LLC bought a new stake in shares of B2Gold in the 3rd quarter worth approximately $36,000. Barclays PLC raised its stake in shares of B2Gold by 23.7% in the third quarter. Barclays PLC now owns 910,558 shares of the company's stock worth $2,804,000 after purchasing an additional 174,477 shares during the last quarter. Geode Capital Management LLC grew its position in B2Gold by 46.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company's stock worth $7,544,000 after purchasing an additional 661,107 shares during the period. Virtu Financial LLC increased its position in shares of B2Gold by 26.8% during the 3rd quarter. Virtu Financial LLC now owns 105,206 shares of the company's stock valued at $324,000 after purchasing an additional 22,232 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in B2Gold in the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Stock Performance

Shares of NYSE:BTG traded down $0.07 during trading on Friday, hitting $3.09. The stock had a trading volume of 25,347,551 shares, compared to its average volume of 21,601,225. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $3.51. The stock has a market capitalization 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. The stock has a 50-day simple moving average of $2.96 and a two-hundred day simple moving average of $2.83.

B2Gold Cuts Dividend

The business also recently declared 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 of this dividend was Friday, March 7th. B2Gold's dividend payout ratio is currently -16.67%.

Analysts Set New Price Targets

BTG has been the subject of several recent analyst reports. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday. CIBC increased their price objective on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. National Bankshares restated an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. One equities 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $4.21.

B2Gold Company 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.