Lingohr Asset Management GmbH Has $382,000 Stake in B2Gold Corp. (NYSE:BTG)

Lingohr Asset Management GmbH lowered its stake in shares of B2Gold Corp. (NYSE:BTG) by 41.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 157,905 shares of the company’s stock after selling 109,869 shares during the period. Lingohr Asset Management GmbH’s holdings in B2Gold were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BTG. Two Sigma Advisers LP boosted its stake in B2Gold by 66.9% during the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock valued at $55,058,000 after purchasing an additional 7,165,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of B2Gold by 69.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock worth $35,837,000 after buying an additional 4,754,500 shares during the last quarter. Amundi boosted its stake in shares of B2Gold by 37.4% in the 4th quarter. Amundi now owns 8,139,040 shares of the company’s stock worth $21,243,000 after buying an additional 2,215,319 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of B2Gold in the 3rd quarter worth approximately $5,113,000. Finally, Invenomic Capital Management LP purchased a new position in shares of B2Gold in the 3rd quarter worth approximately $2,636,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Trading Up 0.6 %

NYSE:BTG opened at $3.30 on Thursday. 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 capitalization of $4.35 billion, a PE ratio of -6.88, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. The firm’s 50 day moving average is $2.62 and its 200 day moving average is $2.82. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.50.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a $0.02 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.42%. B2Gold’s dividend payout ratio (DPR) is presently -16.67%.

Analyst Upgrades and Downgrades

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