WINTON GROUP Ltd Purchases New Position in B2Gold Corp. (NYSE:BTG)

WINTON GROUP Ltd acquired a new position in shares of B2Gold Corp. (NYSE:BTG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 75,047 shares of the company’s stock, valued at approximately $183,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Old West Investment Management LLC bought a new position in shares of B2Gold during the 3rd quarter valued at approximately $670,000. FMR LLC boosted its stake in B2Gold by 0.7% during the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after buying an additional 438,399 shares during the period. Invenomic Capital Management LP bought a new position in B2Gold during the third quarter valued at $2,636,000. Geode Capital Management LLC raised its stake in shares of B2Gold by 46.7% in the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock valued at $7,544,000 after acquiring an additional 661,107 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of B2Gold by 62.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock worth $294,000 after acquiring an additional 36,555 shares during the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Stock Down 1.0 %

Shares of NYSE BTG opened at $2.85 on Tuesday. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.50. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -5.94, a PEG ratio of 0.33 and a beta of 1.09. The stock has a 50 day moving average price of $2.72 and a 200 day moving average price of $2.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is -16.67%.

Analyst Ratings Changes

BTG has been the topic of several analyst reports. TD Securities downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Finally, CIBC increased their target price on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.12.

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.