Easterly Investment Partners LLC Has $4.75 Million Stake in B2Gold Corp. (NYSE:BTG)

Easterly Investment Partners LLC boosted its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,947,235 shares of the company's stock after purchasing an additional 305,000 shares during the quarter. Easterly Investment Partners LLC owned about 0.15% of B2Gold worth $4,751,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTG. Old West Investment Management LLC acquired a new position in shares of B2Gold during the third quarter worth approximately $670,000. FMR LLC raised its stake in 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 last quarter. Invenomic Capital Management LP bought a new stake in B2Gold in the 3rd quarter valued at $2,636,000. Geode Capital Management LLC grew its position in B2Gold by 46.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company's stock worth $7,544,000 after purchasing an additional 661,107 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of B2Gold by 62.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company's stock worth $294,000 after purchasing an additional 36,555 shares during the period. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Price Performance

Shares of BTG traded down $0.04 during mid-day trading on Monday, reaching $2.85. The company had a trading volume of 16,836,229 shares, compared to its average volume of 18,760,255. 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 has a market capitalization of $3.75 billion, a P/E ratio of -5.93, a P/E/G 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's 50-day moving average is $2.71 and its 200-day moving average is $2.84.

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B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.81%. B2Gold's payout ratio is presently -16.67%.

Analyst Ratings Changes

BTG has been the subject of several research reports. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, February 21st. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. CIBC boosted their price objective on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, B2Gold presently has an average rating of "Hold" and a consensus price target 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.