Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Purchases New Shares in B2Gold Corp. (NYSE:BTG)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of B2Gold Corp. (NYSE:BTG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 112,500 shares of the company's stock, valued at approximately $276,000. B2Gold accounts for 0.4% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 18th largest position.

A number of other institutional investors have also modified their holdings of BTG. HighTower Advisors LLC lifted its holdings in B2Gold by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock worth $41,000 after buying an additional 5,288 shares in the last quarter. Cadence Wealth Management LLC increased its position in shares of B2Gold by 3.5% during the fourth 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 during the period. Signaturefd LLC raised its stake in shares of B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after acquiring an additional 8,250 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in B2Gold in the third quarter valued at $35,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in B2Gold by 1.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 875,145 shares of the company's stock worth $2,147,000 after purchasing an additional 11,700 shares in the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Cormark lowered B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday. CIBC raised their target price on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a report on Thursday, March 20th. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Finally, TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.12.

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B2Gold Stock Up 2.1 %

Shares of B2Gold stock traded up $0.06 during trading hours on Wednesday, hitting $2.96. The company had a trading volume of 25,410,376 shares, compared to its average volume of 18,959,503. 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 company's 50-day moving average is $2.73 and its two-hundred day moving average is $2.84. The company has a market cap of $3.90 billion, a P/E ratio of -6.17, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.50.

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 given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, March 7th. B2Gold's dividend payout ratio (DPR) is currently -16.67%.

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.