Intact Investment Management Inc. Trims Position in B2Gold Corp. (NYSE:BTG)

Intact Investment Management Inc. cut its position in shares of B2Gold Corp. (NYSE:BTG) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,959,400 shares of the company’s stock after selling 847,800 shares during the quarter. Intact Investment Management Inc.’s holdings in B2Gold were worth $17,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BTG. Swiss National Bank boosted its holdings in B2Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 2,586,023 shares of the company’s stock worth $6,330,000 after acquiring an additional 15,600 shares in the last quarter. HighTower Advisors LLC increased its position in B2Gold by 45.4% during the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock valued at $41,000 after acquiring an additional 5,288 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in B2Gold by 7.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 330,004 shares of the company’s stock valued at $808,000 after acquiring an additional 23,073 shares during the last quarter. Ruffer LLP increased its position in B2Gold by 15.5% during the fourth quarter. Ruffer LLP now owns 4,213,062 shares of the company’s stock valued at $10,280,000 after acquiring an additional 565,386 shares during the last quarter. Finally, Amundi increased its position in B2Gold by 37.4% in the fourth quarter. Amundi now owns 8,139,040 shares of the company’s stock worth $21,243,000 after buying an additional 2,215,319 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Trading Up 5.1 %

BTG opened at $2.90 on Friday. The stock’s fifty day moving average is $2.57 and its two-hundred day moving average is $2.81. The company has a market capitalization of $3.82 billion, a P/E ratio of -6.04, a PEG ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a 52 week low of $2.20 and a 52 week high of $3.50. 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 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.76%. B2Gold’s dividend payout ratio (DPR) is presently -16.67%.

Analysts Set New Price Targets

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

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.