Sprott Inc. Acquires 282,774 Shares of B2Gold Corp. (NYSE:BTG)

Sprott Inc. increased its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,081,222 shares of the company's stock after purchasing an additional 282,774 shares during the quarter. Sprott Inc. owned approximately 0.23% of B2Gold worth $7,518,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC bought a new position in B2Gold in the 3rd quarter worth $33,000. Flow Traders U.S. LLC bought a new position in B2Gold in the 3rd quarter worth $35,000. HighTower Advisors LLC purchased a new stake in B2Gold in the 3rd quarter worth $36,000. Moors & Cabot Inc. increased its stake in 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 buying an additional 3,500 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock worth $42,000 after buying an additional 5,764 shares in the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Price Performance

Shares of B2Gold stock traded down $0.01 during trading on Friday, reaching $2.66. 34,239,062 shares of the stock traded hands, compared to its average volume of 31,055,299. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -5.54, a P/E/G ratio of 0.33 and a beta of 1.10. The business has a fifty day simple moving average of $2.53 and a two-hundred day simple moving average of $2.81. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.50.

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B2Gold Cuts Dividend

The company 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 dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.01%. B2Gold's payout ratio is -16.67%.

Analyst Ratings Changes

A number of brokerages have issued reports on BTG. StockNews.com lowered B2Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. TD Securities lowered B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Bank of America lowered B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. CIBC cut their price target on B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $4.02.

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.