Easterly Investment Partners LLC Grows Stake in B2Gold Corp. (NYSE:BTG)

Easterly Investment Partners LLC boosted its stake in B2Gold Corp. (NYSE:BTG) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,947,235 shares of the company’s stock after buying an additional 305,000 shares during the quarter. Easterly Investment Partners LLC’s holdings in B2Gold were worth $4,751,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Old West Investment Management LLC purchased a new stake in shares of B2Gold during the third quarter worth approximately $670,000. FMR LLC raised its position in shares of 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 buying an additional 438,399 shares during the last quarter. Invenomic Capital Management LP acquired a new position in B2Gold during the third quarter worth about $2,636,000. Geode Capital Management LLC boosted its position in B2Gold by 46.7% during the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock worth $7,544,000 after acquiring an additional 661,107 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in B2Gold by 62.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock valued at $294,000 after acquiring an additional 36,555 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BTG shares. Cormark raised B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.12.

B2Gold Stock Performance

Shares of B2Gold stock opened at $3.09 on Thursday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -6.44, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The business has a 50-day moving average of $2.68 and a 200 day moving average of $2.84. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.50.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is -16.67%.

B2Gold Company 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.