B2Gold Corp. (NYSE:BTG) Shares Purchased by Amundi

Amundi boosted its position in B2Gold Corp. (NYSE:BTG) by 37.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,139,040 shares of the company’s stock after acquiring an additional 2,215,319 shares during the quarter. Amundi owned 0.62% of B2Gold worth $21,243,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BTG. Euro Pacific Asset Management LLC increased its stake in B2Gold by 1.7% in the third quarter. Euro Pacific Asset Management LLC now owns 5,631,472 shares of the company’s stock valued at $17,386,000 after purchasing an additional 92,385 shares during the last quarter. KPP Advisory Services LLC increased its stake in B2Gold by 26.1% in the third quarter. KPP Advisory Services LLC now owns 44,450 shares of the company’s stock valued at $137,000 after purchasing an additional 9,200 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in B2Gold by 69.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after purchasing an additional 4,754,500 shares during the last quarter. Moors & Cabot Inc. increased its stake in B2Gold by 35.0% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in B2Gold by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,957,155 shares of the company’s stock valued at $12,243,000 after purchasing an additional 143,663 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, CIBC lowered their price objective on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.02.

B2Gold Trading Up 5.1 %

NYSE:BTG opened at $2.90 on Friday. The company has a market capitalization of $3.82 billion, a PE ratio of -6.04, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. 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 52-week low of $2.20 and a 52-week high of $3.50. The stock has a fifty day simple moving average of $2.57 and a 200-day simple moving average of $2.81.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, March 7th. 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.