Lingohr Asset Management GmbH Has $382,000 Stock Holdings in B2Gold Corp. (NYSE:BTG)

Lingohr Asset Management GmbH lessened its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 41.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,905 shares of the company's stock after selling 109,869 shares during the period. Lingohr Asset Management GmbH's holdings in B2Gold were worth $382,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Two Sigma Advisers LP boosted its holdings in B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock worth $55,058,000 after buying an additional 7,165,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in B2Gold by 69.5% in the 3rd 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 in the last quarter. Amundi boosted its position in B2Gold by 37.4% during the 4th quarter. Amundi now owns 8,139,040 shares of the company's stock worth $21,243,000 after acquiring an additional 2,215,319 shares during the period. Quadrature Capital Ltd acquired a new position in shares of B2Gold in the 3rd quarter valued at about $5,113,000. Finally, Invenomic Capital Management LP purchased a new position in B2Gold during the third quarter valued at approximately $2,636,000. Institutional investors and hedge funds own 61.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BTG. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. CIBC lifted their target price on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday. TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $4.12.

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B2Gold Stock Performance

BTG stock remained flat at $3.12 during trading on Monday. The company had a trading volume of 35,531,902 shares, compared to its average volume of 18,029,668. 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 capitalization of $4.11 billion, a P/E ratio of -6.50, a P/E/G ratio of 0.33 and a beta of 1.09. The business's fifty day simple moving average is $2.65 and its 200 day simple moving average is $2.83.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's dividend payout ratio is presently -16.67%.

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.