Swiss National Bank Has $6.33 Million Holdings in B2Gold Corp. (NYSE:BTG)

Swiss National Bank raised its position in B2Gold Corp. (NYSE:BTG) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,586,023 shares of the company’s stock after purchasing an additional 15,600 shares during the period. Swiss National Bank owned 0.20% of B2Gold worth $6,330,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Flow Traders U.S. LLC bought a new position in B2Gold during the third quarter worth $35,000. HighTower Advisors LLC acquired a new position in shares of B2Gold in the 3rd quarter valued at about $36,000. Moors & Cabot Inc. boosted its position in shares of 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. Tradition Wealth Management LLC acquired a new stake in B2Gold during the third quarter worth approximately $44,000. Finally, Zacks Investment Management bought a new stake in B2Gold in the third quarter worth approximately $49,000. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Performance

BTG opened at $3.12 on Monday. B2Gold Corp. has a 1-year low of $2.20 and a 1-year 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’s fifty day moving average price is $2.65 and its two-hundred day moving average price is $2.83. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.56%. B2Gold’s payout ratio is -16.67%.

Wall Street Analyst Weigh In

Several analysts have recently commented on BTG shares. 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. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. TD Securities downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. One 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.12.

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.