Ashton Thomas Private Wealth LLC Acquires Shares of 338,493 B2Gold Corp. (NYSE:BTG)

Ashton Thomas Private Wealth LLC acquired a new stake in B2Gold Corp. (NYSE:BTG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 338,493 shares of the company’s stock, valued at approximately $829,000.

A number of other hedge funds have also recently modified their holdings of the company. Two Sigma Advisers LP boosted its stake in shares of 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of B2Gold by 69.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after purchasing an additional 4,754,500 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of B2Gold during the 3rd quarter valued at about $5,113,000. Invenomic Capital Management LP bought a new stake in shares of B2Gold during the 3rd quarter valued at about $2,636,000. Finally, National Bank of Canada FI boosted its stake in shares of B2Gold by 16.8% during the 3rd quarter. National Bank of Canada FI now owns 5,915,425 shares of the company’s stock valued at $18,235,000 after purchasing an additional 849,925 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Down 2.2 %

Shares of B2Gold stock opened at $2.68 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock has a market capitalization of $3.53 billion, a PE ratio of -5.58, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.50. The company has a 50-day simple moving average of $2.55 and a two-hundred day simple moving average of $2.81.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 annualized dividend and a yield of 2.99%. B2Gold’s dividend payout ratio (DPR) is presently -16.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. CIBC dropped their price objective on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. Finally, Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. 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 stock. According to MarketBeat, B2Gold currently has an average rating of “Hold” and an average price target 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.