Bank of New York Mellon Corp Has $1.33 Million Stake in B2Gold Corp. (NYSE:BTG)

Bank of New York Mellon Corp raised its holdings in B2Gold Corp. (NYSE:BTG - Free Report) by 146.3% in the fourth quarter, according to the company in its most recent disclosure 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 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BTG. Flow Traders U.S. LLC acquired a new stake in shares of B2Gold in the third quarter valued at approximately $35,000. HighTower Advisors LLC purchased a new stake in B2Gold during the third quarter valued at about $36,000. Moors & Cabot Inc. lifted its position in B2Gold by 35.0% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock valued at $42,000 after buying an additional 3,500 shares in the last quarter. Tradition Wealth Management LLC purchased a new position in B2Gold in the third quarter valued at about $44,000. Finally, Zacks Investment Management purchased a new position in B2Gold in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Stock Down 2.5 %

Shares of B2Gold stock traded down $0.08 during trading on Wednesday, hitting $3.09. 42,015,454 shares of the stock traded hands, compared to its average volume of 18,298,193. 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 stock has a market cap of $4.07 billion, a P/E ratio of -6.44, a PEG ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.50. The company has a fifty day moving average price of $2.67 and a two-hundred day moving average price of $2.84.

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B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid 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 2.59%. B2Gold's dividend payout ratio (DPR) is presently -16.67%.

Analysts Set New Price Targets

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

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.