Two Sigma Securities LLC cut its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 371,763 shares of the company's stock after selling 209,122 shares during the quarter. Two Sigma Securities LLC's holdings in B2Gold were worth $907,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of B2Gold in the 4th quarter valued at approximately $40,192,000. American Century Companies Inc. raised its position in B2Gold by 31.3% in the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock worth $55,436,000 after acquiring an additional 5,401,334 shares in the last quarter. Invesco Ltd. boosted its position in shares of B2Gold by 32.7% during the 4th quarter. Invesco Ltd. now owns 15,987,385 shares of the company's stock worth $39,009,000 after purchasing an additional 3,939,040 shares in the last quarter. Amundi grew its stake in shares of B2Gold by 37.4% during the 4th quarter. Amundi now owns 8,139,040 shares of the company's stock worth $21,243,000 after purchasing an additional 2,215,319 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of B2Gold by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock worth $129,823,000 after purchasing an additional 1,165,204 shares during the period. 61.40% of the stock is currently owned by hedge funds and other institutional investors.
B2Gold Trading Down 0.5 %
Shares of BTG stock opened at $3.15 on Friday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -6.55, a PEG ratio of 0.33 and a beta of 0.93. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $2.96 and a 200 day moving average price of $2.83. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.51.
B2Gold Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Friday, March 7th. B2Gold's dividend payout ratio is presently -16.67%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on BTG shares. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. CIBC boosted their price target on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. Finally, National Bankshares reissued an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $4.21.
Get Our Latest Stock Report on B2Gold
B2Gold Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding BTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for B2Gold Corp. (NYSE:BTG - Free Report).
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