B2Gold Corp. (NYSE:BTG) Shares Purchased by Sprott Inc.

Sprott Inc. raised its stake in shares of B2Gold Corp. (NYSE:BTG) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,081,222 shares of the company’s stock after buying an additional 282,774 shares during the quarter. Sprott Inc. owned about 0.23% of B2Gold worth $7,518,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of B2Gold by 146.3% during the fourth quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company’s stock valued at $1,333,000 after acquiring an additional 324,491 shares during the last quarter. KG&L Capital Management LLC boosted its stake in shares of B2Gold by 15.6% during the 4th quarter. KG&L Capital Management LLC now owns 146,000 shares of the company’s stock worth $356,000 after purchasing an additional 19,700 shares during the last quarter. Euro Pacific Asset Management LLC grew its holdings in shares of B2Gold by 0.8% during the fourth quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company’s stock worth $13,924,000 after buying an additional 45,605 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of B2Gold by 525.1% in the third quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company’s stock valued at $1,594,000 after buying an additional 434,775 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of B2Gold during the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Performance

B2Gold stock opened at $2.83 on Wednesday. The company has a market cap of $3.73 billion, a price-to-earnings ratio of -5.90, a price-to-earnings-growth ratio of 0.33 and a beta of 1.10. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The stock’s 50-day moving average is $2.51 and its 200-day moving average is $2.81.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.83%. B2Gold’s payout ratio is -33.33%.

Analysts Set New Price Targets

BTG has been the subject of several recent analyst reports. CIBC lowered their target price on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Bank of America lowered 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.02.

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.