Quantbot Technologies LP Boosts Stake in B2Gold Corp. (NYSE:BTG)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moors & Cabot Inc. increased its position in 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 during the last quarter. HighTower Advisors LLC increased its position in shares of B2Gold by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock valued at $41,000 after purchasing an additional 5,288 shares during the last quarter. Cadence Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 7,990 shares during the period. Signaturefd LLC boosted its holdings in shares of B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after buying an additional 8,250 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in B2Gold during the third quarter valued at approximately $35,000. Institutional investors own 61.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BTG shares. TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Bank of America lowered B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, February 21st. Finally, CIBC lifted their price objective on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $4.12.

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B2Gold Price Performance

Shares of NYSE BTG traded up $0.08 during mid-day trading on Thursday, reaching $3.17. The company's stock had a trading volume of 37,252,106 shares, compared to its average volume of 18,385,873. The stock has a fifty day moving average of $2.68 and a two-hundred day moving average of $2.84. The firm has a market capitalization of $4.18 billion, a PE ratio of -6.60, a P/E/G ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a 52 week low of $2.20 and a 52 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.

B2Gold Cuts Dividend

The business 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 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's payout ratio is currently -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.