Signaturefd LLC Purchases 8,250 Shares of B2Gold Corp. (NYSE:BTG)

Signaturefd LLC grew its holdings in B2Gold Corp. (NYSE:BTG) by 176.1% during the 4th quarter, HoldingsChannel reports. The firm owned 12,935 shares of the company’s stock after acquiring an additional 8,250 shares during the quarter. Signaturefd LLC’s holdings in B2Gold were worth $32,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Old West Investment Management LLC acquired a new stake in B2Gold in the 3rd quarter valued at approximately $670,000. FMR LLC grew its stake in shares of B2Gold by 0.7% in the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after acquiring an additional 438,399 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of B2Gold in the third quarter worth $2,636,000. Geode Capital Management LLC increased its position in B2Gold by 46.7% during the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock worth $7,544,000 after acquiring an additional 661,107 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of B2Gold by 62.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock worth $294,000 after purchasing an additional 36,555 shares during the period. 61.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. TD Securities lowered B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. CIBC raised their target price on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.12.

B2Gold Price Performance

B2Gold stock opened at $3.17 on Wednesday. The business has a 50 day simple moving average of $2.67 and a 200 day simple moving average of $2.84. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.50. The company has a market capitalization of $4.18 billion, a PE ratio of -6.60, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 2.52%. B2Gold’s dividend payout ratio is presently -16.67%.

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.