Ashton Thomas Private Wealth LLC Invests $829,000 in B2Gold Corp. (NYSE:BTG)

Ashton Thomas Private Wealth LLC bought a new position in B2Gold Corp. (NYSE:BTG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 338,493 shares of the company's stock, valued at approximately $829,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Private Advisor Group LLC purchased a new position in shares of B2Gold during the 3rd quarter valued at about $33,000. Flow Traders U.S. LLC purchased a new position in shares of B2Gold during the third quarter worth approximately $35,000. HighTower Advisors LLC bought a new stake in shares of B2Gold in the 3rd quarter worth approximately $36,000. Carrera Capital Advisors purchased a new stake in shares of B2Gold in the 4th quarter valued at $39,000. Finally, Moors & Cabot Inc. grew its holdings in shares of B2Gold by 35.0% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Trading Up 5.1 %

NYSE BTG traded up $0.14 on Thursday, hitting $2.90. The company's stock had a trading volume of 43,321,818 shares, compared to its average volume of 17,032,556. The firm has a market cap of $3.82 billion, a P/E ratio of -6.04, a PEG ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.50. The company's 50-day simple moving average is $2.57 and its 200 day simple moving average is $2.81. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

Remove Ads

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, March 7th. B2Gold's dividend payout ratio (DPR) is currently -16.67%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. CIBC decreased their price target on B2Gold from $3.70 to $3.30 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $4.02.

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.