Corient Private Wealth LLC Buys 21,439 Shares of B2Gold Corp. (NYSE:BTG)

Corient Private Wealth LLC raised its stake in B2Gold Corp. (NYSE:BTG) by 33.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,642 shares of the company’s stock after acquiring an additional 21,439 shares during the quarter. Corient Private Wealth LLC’s holdings in B2Gold were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BTG. Swiss National Bank grew its position in shares of B2Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 2,586,023 shares of the company’s stock valued at $6,330,000 after purchasing an additional 15,600 shares during the last quarter. HighTower Advisors LLC increased its position in B2Gold by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock worth $41,000 after buying an additional 5,288 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of B2Gold by 7.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 330,004 shares of the company’s stock worth $808,000 after buying an additional 23,073 shares in the last quarter. Ruffer LLP lifted its holdings in shares of B2Gold by 15.5% during the fourth quarter. Ruffer LLP now owns 4,213,062 shares of the company’s stock worth $10,280,000 after buying an additional 565,386 shares in the last quarter. Finally, Amundi boosted its position in shares of B2Gold by 37.4% in the fourth quarter. Amundi now owns 8,139,040 shares of the company’s stock valued at $21,243,000 after acquiring an additional 2,215,319 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

Shares of B2Gold stock opened at $2.90 on Wednesday. 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 $3.82 billion, a PE ratio of -6.04, a price-to-earnings-growth 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 has a 50 day moving average of $2.73 and a 200-day moving average of $2.84.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 2.76%. B2Gold’s payout ratio is -16.67%.

Analysts Set New Price Targets

BTG has been the subject of several analyst reports. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday. CIBC increased their price target on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.