Vontobel Holding Ltd. Cuts Position in B2Gold Corp. (NYSE:BTG)

Vontobel Holding Ltd. lessened its position in shares of B2Gold Corp. (NYSE:BTG) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,914 shares of the company’s stock after selling 6,701 shares during the quarter. Vontobel Holding Ltd.’s holdings in B2Gold were worth $220,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. KG&L Capital Management LLC grew its holdings in B2Gold by 15.6% during the 4th quarter. KG&L Capital Management LLC now owns 146,000 shares of the company’s stock valued at $356,000 after buying an additional 19,700 shares in the last quarter. Euro Pacific Asset Management LLC grew its holdings in B2Gold by 0.8% during 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 buying an additional 45,605 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in B2Gold by 525.1% during the 3rd 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 in the last quarter. Sanctuary Advisors LLC purchased a new position in B2Gold during the 3rd quarter valued at approximately $50,000. Finally, Virtu Financial LLC grew its holdings in B2Gold by 26.8% during the 3rd quarter. Virtu Financial LLC now owns 105,206 shares of the company’s stock valued at $324,000 after buying an additional 22,232 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

Shares of BTG stock opened at $2.82 on Friday. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The firm has a market capitalization of $3.72 billion, a P/E ratio of -5.88, a P/E/G ratio of 0.31 and a beta of 1.10. The stock has a 50 day moving average price of $2.50 and a 200 day moving average price of $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 paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, March 7th. B2Gold’s dividend payout ratio is currently -33.33%.

Wall Street Analysts Forecast Growth

BTG has been the subject of a number of recent research reports. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. CIBC dropped their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a 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, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, B2Gold presently has an average rating of “Hold” and an average price target 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.