Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Invests $276,000 in B2Gold Corp. (NYSE:BTG)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in B2Gold Corp. (NYSE:BTG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 112,500 shares of the company’s stock, valued at approximately $276,000. B2Gold comprises about 0.4% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in BTG. Pictet Asset Management Holding SA increased its stake in shares of B2Gold by 7.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 269,955 shares of the company’s stock worth $661,000 after acquiring an additional 19,709 shares during the last quarter. Norges Bank purchased a new position in B2Gold during the fourth quarter worth about $40,192,000. Easterly Investment Partners LLC boosted its holdings in B2Gold by 18.6% in the 4th quarter. Easterly Investment Partners LLC now owns 1,947,235 shares of the company’s stock valued at $4,751,000 after purchasing an additional 305,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of B2Gold by 210.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,608,343 shares of the company’s stock valued at $3,924,000 after buying an additional 1,090,768 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of B2Gold during the 4th quarter worth approximately $183,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

Shares of BTG opened at $2.88 on Friday. 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 Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $3.50. The company has a market cap of $3.80 billion, a P/E ratio of -6.00, a PEG ratio of 0.33 and a beta of 1.09. The firm’s 50 day moving average price is $2.71 and its 200 day moving average price is $2.84.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.78%. B2Gold’s payout ratio is -16.67%.

Wall Street Analyst Weigh In

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

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.