Privium Fund Management B.V. Sells 18,452 Shares of B2Gold Corp. (NYSE:BTG)

Privium Fund Management B.V. lessened its holdings in shares of B2Gold Corp. (NYSE:BTG) by 17.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 85,146 shares of the company’s stock after selling 18,452 shares during the period. Privium Fund Management B.V.’s holdings in B2Gold were worth $208,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Old West Investment Management LLC acquired a new position in B2Gold during the 3rd quarter worth about $670,000. FMR LLC raised 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 position in shares of B2Gold during the third quarter worth approximately $2,636,000. Geode Capital Management LLC grew its stake in shares of B2Gold by 46.7% during the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock valued at $7,544,000 after purchasing an additional 661,107 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of B2Gold by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock valued at $294,000 after purchasing an additional 36,555 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

B2Gold Stock Up 1.5 %

NYSE:BTG opened at $3.28 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $3.50. The stock’s fifty day simple moving average is $2.61 and its 200-day simple moving average is $2.82. The firm has a market capitalization of $4.32 billion, a P/E ratio of -6.83, a P/E/G ratio of 0.33 and a beta of 1.09.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is currently -16.67%.

Wall Street Analyst Weigh In

BTG has been the topic of several research reports. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cormark raised B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. TD Securities lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, CIBC dropped their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.02.

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.