Lingohr Asset Management GmbH Sells 109,869 Shares of B2Gold Corp. (NYSE:BTG)

Lingohr Asset Management GmbH reduced its stake in shares of B2Gold Corp. (NYSE:BTG) by 41.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BTG. Signaturefd LLC raised its position in B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock worth $32,000 after purchasing an additional 8,250 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of B2Gold in the 3rd quarter worth about $35,000. HighTower Advisors LLC bought a new position in shares of B2Gold in the 3rd quarter worth about $36,000. Carrera Capital Advisors bought a new position in shares of B2Gold in the 4th quarter worth about $39,000. Finally, Moors & Cabot Inc. raised its position in shares of B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after acquiring an additional 3,500 shares in the last quarter. 61.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BTG has been the subject of several research analyst reports. CIBC lowered their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Cormark raised B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. Finally, TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, B2Gold currently has an average rating of “Hold” and a consensus price target of $4.02.

B2Gold Stock Performance

Shares of BTG opened at $3.30 on Thursday. 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 stock has a 50-day moving average of $2.62 and a 200-day moving average of $2.82. The company has a market cap of $4.35 billion, a PE ratio of -6.88, a P/E/G ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a one year low of $2.20 and a one year high of $3.50.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 2.42%. B2Gold’s dividend payout ratio is presently -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.