Generali Investments CEE investicni spolecnost a.s. Invests $329,000 in B2Gold Corp. (NYSE:BTG)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of B2Gold Corp. (NYSE:BTG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 135,000 shares of the company's stock, valued at approximately $329,000.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC boosted its position in shares of B2Gold by 0.7% in 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 lifted its position in shares of B2Gold by 66.9% during the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock worth $55,058,000 after purchasing an additional 7,165,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in B2Gold by 69.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company's stock worth $35,837,000 after acquiring an additional 4,754,500 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of B2Gold by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 7,701,328 shares of the company's stock valued at $23,819,000 after buying an additional 251,045 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings 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 worth $18,235,000 after purchasing an additional 849,925 shares in the last quarter. Institutional investors own 61.40% of the company's stock.

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B2Gold Trading Up 5.1 %

Shares of B2Gold stock traded up $0.14 on Thursday, hitting $2.90. 43,690,206 shares of the company's stock traded hands, compared to its average volume of 17,032,630. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.50. The company has a fifty day moving average of $2.57 and a two-hundred day moving average of $2.81. 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 $3.82 billion, a price-to-earnings ratio of -6.04, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.02 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.76%. B2Gold's payout ratio is presently -16.67%.

Analysts Set New Price Targets

Several research analysts have issued reports on BTG shares. Bank of America lowered B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, February 21st. Finally, CIBC lowered their target price on B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.02.

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.