B2Gold Corp. (NYSE:BTG) Shares Sold by Monaco Asset Management SAM

Monaco Asset Management SAM reduced its holdings in shares of B2Gold Corp. (NYSE:BTG) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,300,000 shares of the company’s stock after selling 300,000 shares during the period. B2Gold comprises 0.5% of Monaco Asset Management SAM’s investment portfolio, making the stock its 22nd largest holding. Monaco Asset Management SAM’s holdings in B2Gold were worth $3,172,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its position in shares of B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock worth $55,058,000 after acquiring an additional 7,165,600 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in B2Gold by 69.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after acquiring an additional 4,754,500 shares in the last quarter. Amundi lifted its stake in B2Gold by 37.4% in 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 last quarter. Quadrature Capital Ltd acquired a new position in B2Gold during the 3rd quarter worth approximately $5,113,000. Finally, Invenomic Capital Management LP acquired a new stake in shares of B2Gold in the 3rd quarter valued at $2,636,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Price Performance

B2Gold stock opened at $2.90 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The business has a 50 day simple moving average of $2.57 and a 200-day simple moving average of $2.81. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.50. The stock has a market capitalization of $3.82 billion, a PE ratio of -6.04, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.76%. B2Gold’s payout ratio is currently -16.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. TD Securities lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, CIBC decreased their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.