B2Gold Corp. (NYSE:BTG) Shares Sold by Monaco Asset Management SAM

Monaco Asset Management SAM decreased its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,300,000 shares of the company's stock after selling 300,000 shares during the period. B2Gold makes up approximately 0.5% of Monaco Asset Management SAM's investment portfolio, making the stock its 22nd biggest position. Monaco Asset Management SAM owned 0.10% of B2Gold worth $3,172,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Moors & Cabot Inc. raised its stake in shares of B2Gold by 35.0% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock valued at $42,000 after acquiring an additional 3,500 shares in the last quarter. HighTower Advisors LLC grew its holdings in B2Gold by 45.4% in the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock worth $41,000 after purchasing an additional 5,288 shares during the last quarter. KPP Advisory Services LLC grew its holdings in B2Gold by 26.1% in the third quarter. KPP Advisory Services LLC now owns 44,450 shares of the company's stock worth $137,000 after purchasing an additional 9,200 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of B2Gold during the third quarter valued at $35,000. Finally, Tradition Wealth Management LLC purchased a new stake in B2Gold in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

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B2Gold Price Performance

BTG traded up $0.05 during midday trading on Tuesday, reaching $3.28. 58,285,991 shares of the company's stock were exchanged, compared to its average volume of 17,445,689. 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 stock has a market capitalization of $4.32 billion, a PE ratio of -6.83, a P/E/G ratio of 0.33 and a beta of 1.09. The business's 50-day moving average price is $2.60 and its 200 day moving average price is $2.82. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.50.

B2Gold Cuts Dividend

The business 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 $0.02 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.44%. B2Gold's payout ratio is -16.67%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BTG. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. CIBC lowered their price target on shares of B2Gold from $3.70 to $3.30 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research 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 issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.