Shell Asset Management Co. cut its holdings in B2Gold Corp. (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,100 shares of the basic materials company’s stock after selling 10,000 shares during the quarter. Shell Asset Management Co.’s holdings in B2Gold were worth $299,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of BTG. Cantor Fitzgerald L. P. purchased a new stake in B2Gold in the third quarter worth about $37,000. Wesbanco Bank Inc. acquired a new position in B2Gold during the 4th quarter valued at approximately $37,000. MML Investors Services LLC purchased a new stake in shares of B2Gold during the third quarter valued at $40,000. Evergreen Capital Management LLC acquired a new position in shares of B2Gold in the 3rd quarter valued at $44,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of B2Gold in the fourth quarter valued at about $47,000. Institutional investors own 52.20% of the company’s stock.
B2Gold Stock Down 1.0 %
Shares of NYSEAMERICAN:BTG opened at $4.08 on Tuesday. B2Gold Corp. has a 52-week low of $2.81 and a 52-week high of $4.40. The stock has a market cap of $5.27 billion, a P/E ratio of 16.32 and a beta of 0.95. The business has a fifty day moving average of $3.79 and a two-hundred day moving average of $3.44. The company has a quick ratio of 3.01, a current ratio of 4.43 and a debt-to-equity ratio of 0.01.
B2Gold Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Wednesday, March 8th were paid a $0.04 dividend. The ex-dividend date was Tuesday, March 7th. This represents a $0.16 dividend on an annualized basis and a yield of 3.92%. B2Gold’s dividend payout ratio is currently 64.00%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. National Bank Financial lifted their target price on shares of B2Gold from C$6.50 to C$7.25 in a report on Tuesday, April 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $4.25 target price on shares of B2Gold in a research note on Wednesday, March 8th. BMO Capital Markets initiated coverage on shares of B2Gold in a research note on Thursday, April 20th. They issued an “outperform” rating on the stock. CIBC downgraded B2Gold from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $5.00 to $4.75 in a research report on Monday, January 30th. Finally, TheStreet upgraded B2Gold from a “c+” rating to a “b-” rating in a research report on Friday, March 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $6.38.
About B2Gold
B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine, and Limon Mine. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.
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