Sprott Inc. Grows Stake in B2Gold Corp. (NYSE:BTG)

Sprott Inc. grew its stake in shares of B2Gold Corp. (NYSE:BTG) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,081,222 shares of the company’s stock after purchasing an additional 282,774 shares during the quarter. Sprott Inc.’s holdings in B2Gold were worth $7,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BTG. Private Advisor Group LLC acquired a new position in B2Gold during the 3rd quarter worth approximately $33,000. Flow Traders U.S. LLC purchased a new stake in shares of B2Gold during the third quarter valued at approximately $35,000. HighTower Advisors LLC acquired a new position in shares of B2Gold during the third quarter worth $36,000. Blue Trust Inc. boosted its stake in shares of B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after purchasing an additional 5,764 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in B2Gold by 35.0% during the 3rd 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. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analysts Set New Price Targets

BTG has been the topic of a number of recent analyst reports. StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. CIBC reduced their price target on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. Finally, Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, B2Gold currently has an average rating of “Hold” and an average price target of $4.02.

B2Gold Stock Down 0.7 %

Shares of B2Gold stock opened at $2.83 on Wednesday. The business has a 50-day moving average price of $2.51 and a 200 day moving average price of $2.81. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $3.50. The firm has a market cap of $3.73 billion, a P/E ratio of -5.90, a P/E/G ratio of 0.33 and a beta of 1.10. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.83%. B2Gold’s dividend payout ratio (DPR) is -33.33%.

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.