B2Gold Corp. (NYSE:BTG) Stock Position Cut by Legal & General Group Plc

Legal & General Group Plc trimmed its stake in shares of B2Gold Corp. (NYSE:BTG) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,388,545 shares of the company’s stock after selling 149,965 shares during the quarter. Legal & General Group Plc owned about 0.18% of B2Gold worth $5,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Groupama Asset Managment bought a new stake in B2Gold during the fourth quarter worth approximately $29,000. Signaturefd LLC lifted its holdings in shares of 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 period. HighTower Advisors LLC bought a new position in B2Gold during the third quarter valued at about $36,000. Carrera Capital Advisors acquired a new position 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 and hedge funds.

B2Gold Stock Down 0.9 %

Shares of B2Gold stock opened at $3.32 on Monday. 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 Corp. has a 1 year low of $2.20 and a 1 year high of $3.51. The stock has a 50-day moving average price of $2.90 and a 200 day moving average price of $2.82. The company has a market cap of $4.38 billion, a P/E ratio of -6.92, a P/E/G ratio of 0.33 and a beta of 0.93.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s dividend payout ratio is currently -16.67%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BTG shares. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Raymond James reiterated an “outperform” rating and set a $4.50 price objective on shares of B2Gold in a research report on Friday, April 4th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 31st. Finally, TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, B2Gold has an average rating of “Hold” and a consensus price target of $4.21.

About B2Gold

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.