Quantbot Technologies LP Has $2.19 Million Stock Position in B2Gold Corp. (NYSE:BTG)

Quantbot Technologies LP grew its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 645.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 898,386 shares of the company's stock after purchasing an additional 777,847 shares during the period. Quantbot Technologies LP owned 0.07% of B2Gold worth $2,192,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Moors & Cabot Inc. increased its holdings 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 purchasing an additional 3,500 shares during the period. HighTower Advisors LLC increased its position in shares of 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 acquiring an additional 5,288 shares in the last quarter. Cadence Wealth Management LLC lifted its stake in B2Gold by 3.5% in the 4th quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company's stock worth $580,000 after acquiring an additional 7,990 shares in the last quarter. Signaturefd LLC raised its holdings in shares of B2Gold by 176.1% during the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after acquiring an additional 8,250 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of B2Gold in the 3rd quarter valued at approximately $35,000. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Performance

Shares of BTG traded down $0.08 during mid-day trading on Wednesday, hitting $3.09. 42,015,454 shares of the company's stock were exchanged, compared to its average volume of 18,298,193. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of -6.44, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. The stock's 50-day simple moving average is $2.68 and its 200-day simple moving average is $2.84. B2Gold Corp. has a 52 week low of $2.20 and a 52 week high of $3.50. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

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B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.59%. The ex-dividend date was Friday, March 7th. B2Gold's payout ratio is -16.67%.

Analyst Upgrades and Downgrades

BTG has been the subject of several recent analyst reports. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. CIBC lifted their price target on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, February 21st. Finally, TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. One 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. Based on data from MarketBeat, B2Gold has an average rating of "Hold" and a consensus target price of $4.12.

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.