Bank of Montreal Can Cuts Stake in B2Gold Corp. (NYSE:BTG)

Bank of Montreal Can reduced its position in B2Gold Corp. (NYSE:BTG - Free Report) by 18.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,550,386 shares of the company's stock after selling 2,417,501 shares during the quarter. Bank of Montreal Can owned about 0.80% of B2Gold worth $25,802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BTG. HighTower Advisors LLC lifted its holdings in B2Gold by 45.4% in the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock worth $41,000 after buying an additional 5,288 shares during the period. Cadence Wealth Management LLC grew its stake in B2Gold by 3.5% in the fourth quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company's stock worth $580,000 after purchasing an additional 7,990 shares during the period. Signaturefd LLC raised its holdings in B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after purchasing an additional 8,250 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in B2Gold by 1.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 875,145 shares of the company's stock valued at $2,147,000 after buying an additional 11,700 shares during the period. Finally, Groupama Asset Managment bought a new stake in shares of B2Gold during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BTG shares. Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday. Cormark cut shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, March 31st. Finally, Raymond James restated an "outperform" rating and set a $4.50 price objective on shares of B2Gold in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, B2Gold currently has an average rating of "Hold" and an average price target of $4.21.

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B2Gold Price Performance

Shares of NYSE BTG traded up $0.03 during mid-day trading on Wednesday, hitting $3.34. 64,722,802 shares of the company's stock traded hands, compared to its average volume of 20,491,628. The company has a market capitalization of $4.41 billion, a P/E ratio of -6.96, a PEG ratio of 0.33 and a beta of 0.93. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The company's 50-day moving average is $2.86 and its two-hundred day moving average is $2.82.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 2.40%. B2Gold's dividend payout ratio (DPR) is presently -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.