HighTower Advisors LLC Has $41,000 Position in B2Gold Corp. (NYSE:BTG)

HighTower Advisors LLC raised its stake in B2Gold Corp. (NYSE:BTG) by 45.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,933 shares of the company’s stock after acquiring an additional 5,288 shares during the period. HighTower Advisors LLC’s holdings in B2Gold were worth $41,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTG. Two Sigma Advisers LP boosted its position in shares of B2Gold by 66.9% during the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock worth $55,058,000 after acquiring an additional 7,165,600 shares in the last quarter. Amundi lifted its stake in B2Gold by 37.4% during the fourth quarter. Amundi now owns 8,139,040 shares of the company’s stock worth $21,243,000 after purchasing an additional 2,215,319 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of B2Gold by 16.8% in the 3rd quarter. National Bank of Canada FI now owns 5,915,425 shares of the company’s stock valued at $18,235,000 after purchasing an additional 849,925 shares in the last quarter. Euro Pacific Asset Management LLC increased its stake in shares of B2Gold by 0.8% in the 4th quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company’s stock valued at $13,924,000 after purchasing an additional 45,605 shares during the last quarter. Finally, Ruffer LLP raised its holdings in shares of B2Gold by 15.5% during the 4th 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. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Stock Performance

Shares of B2Gold stock opened at $2.65 on Friday. The business has a 50-day moving average price of $2.76 and a two-hundred day moving average price of $2.84. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.50. 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 market cap of $3.49 billion, a P/E ratio of -5.52, a PEG ratio of 0.33 and a beta of 1.09.

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 given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.02%. B2Gold’s payout ratio is presently -16.67%.

Wall Street Analyst Weigh In

BTG has been the topic of several research reports. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, March 31st. TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. CIBC upped their price target on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Finally, Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.12.

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.