Bank of New York Mellon Corp Raises Stock Position in B2Gold Corp. (NYSE:BTG)

Bank of New York Mellon Corp lifted its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 146.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 546,256 shares of the company's stock after acquiring an additional 324,491 shares during the quarter. Bank of New York Mellon Corp's holdings in B2Gold were worth $1,333,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company's stock valued at $183,862,000 after purchasing an additional 438,399 shares during the period. Two Sigma Advisers LP grew its stake in B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock valued at $55,058,000 after acquiring an additional 7,165,600 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in B2Gold by 3.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,701,328 shares of the company's stock worth $23,819,000 after purchasing an additional 251,045 shares in the last quarter. National Bank of Canada FI grew its position in shares of B2Gold by 16.8% during the 3rd quarter. National Bank of Canada FI now owns 5,915,425 shares of the company's stock valued at $18,235,000 after purchasing an additional 849,925 shares in the last quarter. Finally, Euro Pacific Asset Management LLC increased its holdings in shares of B2Gold by 0.8% in the fourth quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company's stock worth $13,924,000 after purchasing an additional 45,605 shares during the period. Hedge funds and other institutional investors own 61.40% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on BTG shares. CIBC boosted their target price on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, February 21st. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $4.12.

B2Gold Trading Up 2.6 %

BTG traded up $0.08 on Thursday, hitting $3.17. 37,252,105 shares of the company were exchanged, compared to its average volume of 35,505,957. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The firm has a fifty day simple moving average of $2.68 and a two-hundred day simple moving average of $2.84. The stock has a market capitalization of $4.18 billion, a PE ratio of -6.60, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.50.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's payout ratio is -16.67%.

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.