Oxbow Advisors LLC Trims Position in B2Gold Corp. (NYSE:BTG)

Oxbow Advisors LLC decreased its holdings in shares of B2Gold Corp. (NYSE:BTG) by 13.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 76,485 shares of the company’s stock after selling 11,960 shares during the period. Oxbow Advisors LLC’s holdings in B2Gold were worth $187,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BTG. Private Advisor Group LLC purchased a new position in B2Gold during the 3rd quarter valued at about $33,000. Flow Traders U.S. LLC purchased a new position in B2Gold during the 3rd quarter valued at about $35,000. HighTower Advisors LLC bought a new stake in shares of B2Gold in the 3rd quarter valued at about $36,000. Blue Trust Inc. boosted its holdings in shares of B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after buying an additional 5,764 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in shares of B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Up 0.4 %

BTG stock opened at $2.82 on Friday. The firm has a 50 day moving average of $2.50 and a 200 day moving average of $2.81. The stock has a market capitalization of $3.72 billion, a PE ratio of -5.88, a price-to-earnings-growth ratio of 0.33 and a beta of 1.10. 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 52 week low of $2.20 and a 52 week high of $3.50.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, March 7th. B2Gold’s payout ratio is -33.33%.

Analyst Ratings Changes

BTG has been the topic of a number of recent analyst reports. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. CIBC lowered their target price on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.02.

B2Gold Company 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.