B2Gold Corp. (NYSE:BTG) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in shares of B2Gold Corp. (NYSE:BTG) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,955 shares of the company’s stock after purchasing an additional 19,709 shares during the period. Pictet Asset Management Holding SA’s holdings in B2Gold were worth $661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of B2Gold by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company’s stock valued at $129,823,000 after purchasing an additional 1,165,204 shares in the last quarter. American Century Companies Inc. boosted its position in B2Gold by 31.3% in the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company’s stock valued at $55,436,000 after buying an additional 5,401,334 shares during the period. Norges Bank acquired a new position in shares of B2Gold in the fourth quarter worth $40,192,000. Amundi increased its position in shares of B2Gold by 37.4% during the fourth quarter. Amundi now owns 8,139,040 shares of the company’s stock worth $21,243,000 after acquiring an additional 2,215,319 shares during the period. Finally, National Bank of Canada FI raised its stake in shares of B2Gold by 16.8% in the third quarter. National Bank of Canada FI now owns 5,915,425 shares of the company’s stock valued at $18,235,000 after acquiring an additional 849,925 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Stock Up 0.8 %

BTG stock opened at $2.66 on Wednesday. The company’s 50 day moving average is $2.77 and its two-hundred day moving average is $2.82. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.50. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.51 billion, a P/E ratio of -5.54, a PEG ratio of 0.33 and a beta of 0.93.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 3.01%. B2Gold’s dividend payout ratio (DPR) is presently -16.67%.

Analyst Ratings Changes

BTG has been the topic of several recent research reports. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, March 31st. CIBC lifted their price target on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. TD Securities downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Raymond James reaffirmed an “outperform” rating and set a $4.50 price objective on shares of B2Gold in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.21.

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.