Quantbot Technologies LP Purchases 777,847 Shares of B2Gold Corp. (NYSE:BTG)

Quantbot Technologies LP lifted its position in B2Gold Corp. (NYSE:BTG) by 645.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 898,386 shares of the company’s stock after acquiring an additional 777,847 shares during the quarter. Quantbot Technologies LP owned approximately 0.07% of B2Gold worth $2,192,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BTG. FMR LLC grew its position in B2Gold by 0.7% during 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 period. Two Sigma Advisers LP grew its position in B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock valued at $55,058,000 after buying an additional 7,165,600 shares during the period. Amundi grew its position in B2Gold by 37.4% during the fourth quarter. Amundi now owns 8,139,040 shares of the company’s stock valued at $21,243,000 after buying an additional 2,215,319 shares during the period. The Manufacturers Life Insurance Company grew its position in B2Gold by 3.4% during 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 buying an additional 251,045 shares during the period. Finally, National Bank of Canada FI grew its position in B2Gold by 16.8% during the third quarter. National Bank of Canada FI now owns 5,915,425 shares of the company’s stock valued at $18,235,000 after buying an additional 849,925 shares during the period. Institutional investors own 61.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BTG shares. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. CIBC upped their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Thursday. Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. Finally, TD Securities downgraded shares of 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.12.

B2Gold Trading Down 2.8 %

Shares of B2Gold stock opened at $3.12 on Monday. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $3.50. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -6.50, a PEG ratio of 0.33 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. 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 declared 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 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Friday, March 7th. B2Gold’s payout ratio is -16.67%.

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.