B2Gold Corp. (NYSE:BTG) Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC trimmed its holdings in B2Gold Corp. (NYSE:BTG) by 36.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 371,763 shares of the company’s stock after selling 209,122 shares during the period. Two Sigma Securities LLC’s holdings in B2Gold were worth $907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of B2Gold during the 4th quarter worth about $40,192,000. American Century Companies Inc. raised its position in shares of B2Gold by 31.3% in the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company’s stock worth $55,436,000 after buying an additional 5,401,334 shares during the period. Invesco Ltd. boosted its holdings in B2Gold by 32.7% in the fourth quarter. Invesco Ltd. now owns 15,987,385 shares of the company’s stock valued at $39,009,000 after acquiring an additional 3,939,040 shares during the last quarter. Amundi grew its position in B2Gold by 37.4% during the fourth 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 period. Finally, Vanguard Group Inc. increased its stake in B2Gold by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company’s stock worth $129,823,000 after acquiring an additional 1,165,204 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BTG shares. CIBC raised their price target 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. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a report on Wednesday, April 2nd. Raymond James restated an “outperform” rating and set a $4.50 price objective on shares of B2Gold in a research note on Friday, April 4th. Finally, Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.21.

B2Gold Stock Down 0.5 %

Shares of B2Gold stock opened at $3.15 on Friday. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.51. The company has a market capitalization of $4.15 billion, a PE ratio of -6.55, a P/E/G ratio of 0.33 and a beta of 0.93. 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 business has a 50-day moving average of $2.96 and a 200-day moving average of $2.83.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.54%. B2Gold’s dividend payout ratio is presently -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.