Russell Investments Group Ltd. Buys 14,045 Shares of B2Gold Corp. (NYSE:BTG)

Russell Investments Group Ltd. increased its position in B2Gold Corp. (NYSE:BTG) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,227,548 shares of the company’s stock after buying an additional 14,045 shares during the period. Russell Investments Group Ltd. owned 0.09% of B2Gold worth $2,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in B2Gold in the 3rd quarter valued at $36,000. Groupama Asset Managment bought a new position in B2Gold during the fourth quarter valued at about $29,000. Signaturefd LLC increased its holdings in B2Gold by 176.1% during the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock worth $32,000 after buying an additional 8,250 shares during the last quarter. Carrera Capital Advisors purchased a new stake in B2Gold during the fourth quarter worth about $39,000. Finally, Sanctuary Advisors LLC bought a new stake in B2Gold in the third quarter worth about $50,000. 61.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on BTG. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. CIBC boosted their target price on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Thursday, March 20th. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research report on Wednesday, April 2nd. Finally, Raymond James reissued an “outperform” rating and set a $4.50 price objective on shares of B2Gold in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.21.

B2Gold Stock Down 0.9 %

Shares of BTG opened at $3.32 on Friday. The business’s 50 day simple moving average is $2.89 and its 200-day simple moving average is $2.82. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.51. 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 has a market capitalization of $4.38 billion, a price-to-earnings ratio of -6.92, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.41%. The ex-dividend date was Friday, March 7th. B2Gold’s payout ratio is currently -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.