Ruffer LLP Has $10.28 Million Stock Position in B2Gold Corp. (NYSE:BTG)

Ruffer LLP grew its position in B2Gold Corp. (NYSE:BTG) by 15.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,213,062 shares of the company’s stock after buying an additional 565,386 shares during the period. Ruffer LLP owned 0.32% of B2Gold worth $10,280,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BTG. Private Advisor Group LLC bought a new position in B2Gold during the third quarter worth about $33,000. Flow Traders U.S. LLC bought a new position in B2Gold during the 3rd quarter worth about $35,000. HighTower Advisors LLC bought a new position in shares of B2Gold during the third quarter worth about $36,000. Moors & Cabot Inc. boosted its position in B2Gold by 35.0% during the 3rd 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. Finally, Tradition Wealth Management LLC bought a new stake in shares of B2Gold in the third quarter worth $44,000. Institutional investors own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

BTG has been the subject of several recent research reports. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, CIBC decreased their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.02.

B2Gold Stock Down 2.2 %

Shares of BTG opened at $2.68 on Friday. 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 Corp. has a 12 month low of $2.20 and a 12 month high of $3.50. The firm’s 50 day moving average is $2.55 and its 200-day moving average is $2.82. The stock has a market capitalization of $3.53 billion, a PE ratio of -5.58, a P/E/G ratio of 0.33 and a beta of 1.09.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a $0.02 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.99%. 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.