Renaissance Technologies LLC Increases Position in B2Gold Corp. (NYSE:BTG)

Renaissance Technologies LLC increased its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,186,655 shares of the company's stock after acquiring an additional 272,300 shares during the period. Renaissance Technologies LLC owned approximately 2.06% of B2Gold worth $66,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Old West Investment Management LLC bought a new position in B2Gold in the third quarter valued at $670,000. Geode Capital Management LLC boosted its holdings in shares of B2Gold by 46.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company's stock worth $7,544,000 after purchasing an additional 661,107 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of B2Gold by 62.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company's stock valued at $294,000 after purchasing an additional 36,555 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of B2Gold by 525.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company's stock valued at $1,594,000 after buying an additional 434,775 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in B2Gold in the 3rd quarter worth approximately $1,597,000. 61.40% of the stock is owned by institutional investors.

B2Gold Trading Down 3.5 %

B2Gold stock traded down $0.12 during mid-day trading on Tuesday, reaching $3.29. 35,211,438 shares of the company traded hands, compared to its average volume of 20,211,321. The firm's 50 day moving average price is $2.84 and its 200 day moving average price is $2.81. 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. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of -6.85, a P/E/G ratio of 0.33 and a beta of 0.93.

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B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.43%. B2Gold's dividend payout ratio (DPR) is presently -16.67%.

Wall Street Analyst Weigh In

BTG has been the topic of several research reports. TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. CIBC upped their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Thursday, March 20th. National Bankshares reissued an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Cormark cut B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, March 31st. Finally, Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.21.

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.