Intact Investment Management Inc. Has $17.04 Million Position in B2Gold Corp. (NYSE:BTG)

Intact Investment Management Inc. cut its stake in B2Gold Corp. (NYSE:BTG) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,959,400 shares of the company’s stock after selling 847,800 shares during the period. Intact Investment Management Inc. owned 0.53% of B2Gold worth $17,040,000 at the end of the most recent quarter.

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

B2Gold Price Performance

Shares of B2Gold stock opened at $2.90 on Friday. 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 business’s 50 day simple moving average is $2.57 and its two-hundred day simple moving average is $2.81. The stock has a market capitalization of $3.82 billion, a P/E ratio of -6.04, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.50.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.76%. B2Gold’s dividend payout ratio (DPR) is currently -16.67%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. CIBC dropped their price target on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. 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, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.02.

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.