Allspring Global Investments Holdings LLC Has $5.07 Million Stock Position in B2Gold Corp. (NYSE:BTG)

Allspring Global Investments Holdings LLC cut its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,072,000 shares of the company's stock after selling 200,000 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.16% of B2Gold worth $5,067,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Private Advisor Group LLC purchased a new position in B2Gold during the third quarter worth approximately $33,000. Flow Traders U.S. LLC purchased a new stake in shares of B2Gold in the third quarter valued at about $35,000. HighTower Advisors LLC purchased a new stake in shares of B2Gold in the third quarter valued at about $36,000. Blue Trust Inc. grew its holdings in shares of B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock valued at $42,000 after purchasing an additional 5,764 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in shares of B2Gold by 35.0% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock valued at $42,000 after purchasing an additional 3,500 shares during the period. 61.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BTG shares. Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. StockNews.com downgraded B2Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. CIBC cut their target price on shares of B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.02.

B2Gold Trading Up 2.0 %

Shares of B2Gold stock traded up $0.06 during trading on Friday, reaching $2.87. 38,936,941 shares of the company were exchanged, compared to its average volume of 29,052,781. 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 twelve month low of $2.20 and a twelve month high of $3.50. The business has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.81. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -5.99, a P/E/G ratio of 0.31 and a beta of 1.10.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a $0.02 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.79%. B2Gold's payout ratio is -33.33%.

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.