Quantbot Technologies LP Increases Stock Position in B2Gold Corp. (NYSE:BTG)

Quantbot Technologies LP boosted its stake in B2Gold Corp. (NYSE:BTG) by 645.3% during the fourth quarter, HoldingsChannel reports. The firm owned 898,386 shares of the company’s stock after buying an additional 777,847 shares during the period. Quantbot Technologies LP’s holdings in B2Gold were worth $2,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BTG. Moors & Cabot Inc. raised 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 in the last quarter. Charles Schwab Investment Management Inc. raised 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 in the last quarter. The Manufacturers Life Insurance Company raised its stake in B2Gold by 3.4% in the third quarter. The Manufacturers Life Insurance Company now owns 7,701,328 shares of the company’s stock valued at $23,819,000 after purchasing an additional 251,045 shares in the last quarter. FMR LLC raised its stake in B2Gold by 0.7% in the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after purchasing an additional 438,399 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in B2Gold by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock valued at $294,000 after purchasing an additional 36,555 shares in the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Stock Down 2.8 %

Shares of B2Gold stock opened at $3.12 on Monday. 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 Corp. has a 52-week low of $2.20 and a 52-week high of $3.50. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of -6.50, a P/E/G ratio of 0.33 and a beta of 1.09. The company’s 50 day moving average price is $2.65 and its 200-day moving average price is $2.83.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Friday, March 7th. B2Gold’s dividend payout ratio is -16.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BTG. TD Securities downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. CIBC increased their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Thursday. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. One equities research 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.com, the company has an average rating of “Hold” and a consensus target price of $4.12.

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.