JPMorgan Chase & Co. Grows Holdings in B2Gold Corp. (NYSE:BTG)

JPMorgan Chase & Co. lifted its position in shares of B2Gold Corp. (NYSE:BTG) by 210.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,608,343 shares of the company’s stock after buying an additional 1,090,768 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.12% of B2Gold worth $3,924,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. HighTower Advisors LLC purchased a new stake in B2Gold in the third quarter valued at approximately $36,000. Signaturefd LLC increased its position in shares of B2Gold by 176.1% during the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock worth $32,000 after acquiring an additional 8,250 shares during the last quarter. Carrera Capital Advisors acquired a new stake in B2Gold during the 4th quarter valued at approximately $39,000. Sanctuary Advisors LLC purchased a new stake in B2Gold during the 3rd quarter worth approximately $50,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of B2Gold in the 4th quarter valued at approximately $123,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Trading Down 0.9 %

Shares of NYSE:BTG opened at $3.32 on Monday. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $3.51. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.38 billion, a PE ratio of -6.92, a P/E/G ratio of 0.33 and a beta of 0.93. The company’s 50-day moving average price is $2.90 and its 200 day moving average price is $2.82.

B2Gold Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on BTG. CIBC upped their price objective on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 31st. National Bankshares reissued an “outperform” rating on shares of B2Gold in a report on Wednesday, April 2nd. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, Scotiabank upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.21.

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.