Vontobel Holding Ltd. Sells 6,701 Shares of B2Gold Corp. (NYSE:BTG)

Vontobel Holding Ltd. decreased its position in B2Gold Corp. (NYSE:BTG) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,914 shares of the company’s stock after selling 6,701 shares during the quarter. Vontobel Holding Ltd.’s holdings in B2Gold were worth $220,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Old West Investment Management LLC bought a new position in B2Gold in the third quarter valued at about $670,000. FMR LLC raised its stake in shares of B2Gold by 0.7% in the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after buying an additional 438,399 shares during the period. Invenomic Capital Management LP bought a new position in shares of B2Gold in the third quarter worth about $2,636,000. Geode Capital Management LLC raised its stake in shares of B2Gold by 46.7% in the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock worth $7,544,000 after buying an additional 661,107 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of B2Gold by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock worth $294,000 after buying an additional 36,555 shares during the period. Institutional investors own 61.40% of the company’s stock.

B2Gold Stock Performance

NYSE:BTG opened at $2.82 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $3.50. The stock has a 50-day moving average price of $2.50 and a 200 day moving average price of $2.81. The stock has a market capitalization of $3.72 billion, a P/E ratio of -5.88, a P/E/G ratio of 0.31 and a beta of 1.10.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, March 7th. B2Gold’s dividend payout ratio is currently -33.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BTG shares. TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, CIBC decreased their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.