Norges Bank Invests $40.19 Million in B2Gold Corp. (NYSE:BTG)

Norges Bank purchased a new position in B2Gold Corp. (NYSE:BTG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,434,376 shares of the company's stock, valued at approximately $40,192,000. Norges Bank owned approximately 1.25% of B2Gold at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Easterly Investment Partners LLC increased its holdings in shares of B2Gold by 18.6% in the fourth quarter. Easterly Investment Partners LLC now owns 1,947,235 shares of the company's stock worth $4,751,000 after acquiring an additional 305,000 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of B2Gold by 210.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,608,343 shares of the company's stock worth $3,924,000 after acquiring an additional 1,090,768 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of B2Gold in the fourth quarter worth about $183,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of B2Gold by 1.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 875,145 shares of the company's stock worth $2,147,000 after buying an additional 11,700 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of B2Gold by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock worth $129,823,000 after buying an additional 1,165,204 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BTG has been the subject of a number of research reports. TD Securities downgraded B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Cormark cut B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, March 31st. Bank of America cut B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. CIBC increased their price target on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, Raymond James reissued an "outperform" rating and set a $4.50 price target on shares of B2Gold in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $4.21.

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B2Gold Stock Performance

Shares of BTG traded up $0.14 during mid-day trading on Thursday, reaching $3.04. The company's stock had a trading volume of 11,742,030 shares, compared to its average volume of 19,673,267. The stock has a market cap of $4.01 billion, a P/E ratio of -6.33, a PEG ratio of 0.33 and a beta of 0.93. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.50. The business has a 50-day simple moving average of $2.79 and a two-hundred day simple moving average of $2.82.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.63%. B2Gold's dividend payout ratio (DPR) is currently -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.