Oxbow Advisors LLC Trims Position in B2Gold Corp. (NYSE:BTG)

Oxbow Advisors LLC cut its position in B2Gold Corp. (NYSE:BTG) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,485 shares of the company’s stock after selling 11,960 shares during the period. Oxbow Advisors LLC’s holdings in B2Gold were worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moors & Cabot Inc. boosted its position in shares of B2Gold by 35.0% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after acquiring an additional 3,500 shares during the last quarter. Creative Planning boosted its position in shares of B2Gold by 6.2% during the third quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after acquiring an additional 4,810 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of B2Gold by 24.7% during the third quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock worth $82,000 after acquiring an additional 5,257 shares during the last quarter. Blue Trust Inc. boosted its position in shares of B2Gold by 72.1% during the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after acquiring an additional 5,764 shares during the last quarter. Finally, KPP Advisory Services LLC boosted its position in shares of B2Gold by 26.1% during the third quarter. KPP Advisory Services LLC now owns 44,450 shares of the company’s stock worth $137,000 after acquiring an additional 9,200 shares during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on BTG shares. StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday. CIBC lowered their price objective on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, B2Gold has a consensus rating of “Hold” and a consensus target price of $4.02.

B2Gold Trading Up 0.4 %

Shares of BTG opened at $2.82 on Friday. The company has a market cap of $3.72 billion, a P/E ratio of -5.88, a P/E/G ratio of 0.33 and a beta of 1.10. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.50. The company’s fifty day simple moving average is $2.50 and its 200-day simple moving average is $2.81. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, March 7th. B2Gold’s dividend payout ratio is presently -33.33%.

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.