Easterly Investment Partners LLC Increases Stake in B2Gold Corp. (NYSE:BTG)

Easterly Investment Partners LLC grew its holdings in B2Gold Corp. (NYSE:BTG) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,947,235 shares of the company’s stock after purchasing an additional 305,000 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.15% of B2Gold worth $4,751,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Flow Traders U.S. LLC purchased a new position in shares of B2Gold in the 3rd quarter worth approximately $35,000. HighTower Advisors LLC acquired a new position in B2Gold during the 3rd quarter valued at about $36,000. Signaturefd LLC raised its stake in B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock valued at $32,000 after buying an additional 8,250 shares during the last quarter. Tradition Wealth Management LLC acquired a new stake in B2Gold in the third quarter worth about $44,000. Finally, Zacks Investment Management purchased a new stake in shares of B2Gold during the third quarter worth about $49,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Trading Down 2.5 %

B2Gold stock opened at $3.09 on Thursday. The firm has a market cap of $4.07 billion, a PE ratio of -6.44, a P/E/G ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.50. The stock’s 50 day simple moving average is $2.68 and its two-hundred day simple moving average is $2.84. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is currently -16.67%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. CIBC raised their target price on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Finally, Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. One 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.