B2Gold Corp. (NYSE:BTG) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,959,400 shares of the company's stock after selling 847,800 shares during the quarter. Intact Investment Management Inc. owned approximately 0.53% of B2Gold worth $17,040,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BTG. Two Sigma Advisers LP lifted its stake 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. raised its holdings in B2Gold by 69.5% in 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 purchasing an additional 4,754,500 shares in the last quarter. Amundi lifted its position in shares of B2Gold by 37.4% during the fourth quarter. Amundi now owns 8,139,040 shares of the company's stock valued at $21,243,000 after buying an additional 2,215,319 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of B2Gold in the 3rd quarter valued at about $5,113,000. Finally, Invenomic Capital Management LP acquired a new position in shares of B2Gold during the third quarter worth $2,636,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Stock Performance

NYSE:BTG traded up $0.05 during midday trading on Tuesday, hitting $3.28. The company's stock had a trading volume of 58,285,991 shares, compared to its average volume of 17,445,689. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $3.50. 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 firm has a market cap of $4.32 billion, a P/E ratio of -6.83, a P/E/G ratio of 0.33 and a beta of 1.09. The firm's 50 day moving average is $2.60 and its 200-day moving average is $2.82.

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B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 2.44%. B2Gold's dividend payout ratio (DPR) is presently -16.67%.

Analyst Ratings Changes

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

About B2Gold

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.