Vanguard Group Inc. Has $129.82 Million Position in B2Gold Corp. (NYSE:BTG)

Vanguard Group Inc. grew its holdings in B2Gold Corp. (NYSE:BTG - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,010,477 shares of the company's stock after acquiring an additional 1,165,204 shares during the period. Vanguard Group Inc. owned 4.02% of B2Gold worth $129,823,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in B2Gold by 31.3% in the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock worth $55,436,000 after purchasing an additional 5,401,334 shares in the last quarter. Amundi increased its holdings in shares of B2Gold by 37.4% during the 4th quarter. Amundi now owns 8,139,040 shares of the company's stock valued at $21,243,000 after acquiring an additional 2,215,319 shares during the last quarter. National Bank of Canada FI raised its stake in shares of B2Gold by 16.8% in the 3rd quarter. National Bank of Canada FI now owns 5,915,425 shares of the company's stock valued at $18,235,000 after acquiring an additional 849,925 shares in the last quarter. DJE Kapital AG acquired a new stake in B2Gold in the 4th quarter worth approximately $2,036,000. Finally, Quantbot Technologies LP boosted its position in B2Gold by 645.3% during the fourth quarter. Quantbot Technologies LP now owns 898,386 shares of the company's stock worth $2,192,000 after purchasing an additional 777,847 shares during the period. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Stock Performance

Shares of BTG stock traded up $0.18 during mid-day trading on Friday, reaching $3.24. The stock had a trading volume of 57,281,730 shares, compared to its average volume of 20,030,659. The firm has a market cap of $4.28 billion, a PE ratio of -6.75, a P/E/G ratio of 0.33 and a beta of 0.93. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.50. The firm's 50 day simple moving average is $2.82 and its 200 day simple moving average is $2.82.

Remove Ads

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, March 7th. B2Gold's payout ratio is -16.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Wednesday, April 2nd. Cormark cut shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, March 31st. CIBC lifted their price objective on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Finally, Raymond James restated an "outperform" rating and set a $4.50 target price on shares of B2Gold in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.21.

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.