JPMorgan Chase & Co. Has $3.92 Million Stock Holdings in B2Gold Corp. (NYSE:BTG)

JPMorgan Chase & Co. increased its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 210.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,608,343 shares of the company's stock after acquiring an additional 1,090,768 shares during the quarter. JPMorgan Chase & Co. owned 0.12% of B2Gold worth $3,924,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in B2Gold during the 3rd quarter valued at $36,000. Barclays PLC grew its holdings in shares of B2Gold by 23.7% during the third quarter. Barclays PLC now owns 910,558 shares of the company's stock valued at $2,804,000 after buying an additional 174,477 shares in the last quarter. Geode Capital Management LLC raised its position in B2Gold by 46.7% during the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company's stock valued at $7,544,000 after buying an additional 661,107 shares during the period. Virtu Financial LLC lifted its stake in B2Gold by 26.8% in the 3rd quarter. Virtu Financial LLC now owns 105,206 shares of the company's stock worth $324,000 after acquiring an additional 22,232 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in B2Gold during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BTG. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. Raymond James reaffirmed an "outperform" rating and issued a $4.50 target price on shares of B2Gold in a research report on Friday, April 4th. TD Securities lowered B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday. Finally, Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, B2Gold presently has a consensus rating of "Hold" and an average price target of $4.21.

B2Gold Stock Performance

BTG stock traded down $0.03 during midday trading on Thursday, hitting $3.14. 46,515,498 shares of the company traded hands, compared to its average volume of 21,489,352. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.51. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of -6.53, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The business has a 50 day simple moving average of $2.94 and a 200-day simple moving average of $2.83.

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. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.55%. B2Gold's payout ratio is presently -16.67%.

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.