Bank of New York Mellon Corp Increases Stake in B2Gold Corp. (NYSE:BTG)

Bank of New York Mellon Corp boosted its stake in B2Gold Corp. (NYSE:BTG) by 146.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 546,256 shares of the company’s stock after purchasing an additional 324,491 shares during the quarter. Bank of New York Mellon Corp’s holdings in B2Gold were worth $1,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its position in shares of B2Gold by 35.0% during the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after acquiring an additional 3,500 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of B2Gold during the 3rd quarter valued at about $35,000. HighTower Advisors LLC bought a new stake in shares of B2Gold during the 3rd quarter valued at about $36,000. Tradition Wealth Management LLC bought a new stake in B2Gold in the 3rd quarter worth approximately $44,000. Finally, Zacks Investment Management bought a new stake in B2Gold in the 3rd quarter worth approximately $49,000. Institutional investors own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. CIBC lifted their price target on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.12.

B2Gold Price Performance

Shares of BTG stock opened at $3.12 on Monday. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of -6.50, a PEG ratio of 0.33 and a beta of 1.09. The business’s fifty day moving average is $2.65 and its 200 day moving average is $2.83. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.50. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Friday, March 7th. B2Gold’s payout ratio is currently -16.67%.

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.