Amundi Buys 2,215,319 Shares of B2Gold Corp. (NYSE:BTG)

Amundi raised its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 37.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,139,040 shares of the company's stock after purchasing an additional 2,215,319 shares during the period. Amundi owned approximately 0.62% of B2Gold worth $21,243,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BTG. Euro Pacific Asset Management LLC raised its holdings in shares of B2Gold by 1.7% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 5,631,472 shares of the company's stock valued at $17,386,000 after buying an additional 92,385 shares in the last quarter. KPP Advisory Services LLC grew its position in B2Gold by 26.1% during the third quarter. KPP Advisory Services LLC now owns 44,450 shares of the company's stock valued at $137,000 after acquiring an additional 9,200 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of B2Gold by 69.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company's stock worth $35,837,000 after acquiring an additional 4,754,500 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock worth $42,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of B2Gold by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,957,155 shares of the company's stock valued at $12,243,000 after purchasing an additional 143,663 shares in the last quarter. Institutional investors own 61.40% of the company's stock.

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Analysts Set New Price Targets

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

B2Gold Trading Up 9.1 %

Shares of NYSE:BTG traded up $0.27 during midday trading on Monday, hitting $3.23. 63,235,028 shares of the stock traded hands, compared to its average volume of 17,282,374. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The business's 50 day moving average is $2.58 and its two-hundred day moving average is $2.81. The stock has a market capitalization of $4.26 billion, a PE ratio of -6.73, a P/E/G ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.50.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, March 7th. B2Gold's payout ratio is -16.67%.

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.