Bank of Montreal Can Sells 2,417,501 Shares of B2Gold Corp. (NYSE:BTG)

Bank of Montreal Can reduced its position in B2Gold Corp. (NYSE:BTG) by 18.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,550,386 shares of the company’s stock after selling 2,417,501 shares during the quarter. Bank of Montreal Can’s holdings in B2Gold were worth $25,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of B2Gold by 46.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock worth $7,544,000 after acquiring an additional 661,107 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in B2Gold by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock worth $294,000 after purchasing an additional 36,555 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of B2Gold by 525.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company’s stock valued at $1,594,000 after purchasing an additional 434,775 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of B2Gold in the 3rd quarter valued at $1,597,000. Finally, Barclays PLC raised its holdings in shares of B2Gold by 23.7% during the 3rd quarter. Barclays PLC now owns 910,558 shares of the company’s stock worth $2,804,000 after buying an additional 174,477 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

B2Gold Price Performance

BTG stock opened at $3.24 on Friday. The company has a market capitalization of $4.28 billion, a P/E ratio of -6.75, a PEG ratio of 0.33 and a beta of 0.93. The company has a fifty day moving average price of $2.82 and a 200-day moving average price of $2.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.50.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.47%. The ex-dividend date was Friday, March 7th. B2Gold’s dividend payout ratio is currently -16.67%.

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.