Corient Private Wealth LLC Has $207,000 Position in B2Gold Corp. (NYSE:BTG)

Corient Private Wealth LLC lifted its stake in shares of B2Gold Corp. (NYSE:BTG) by 33.9% during the 4th quarter, HoldingsChannel reports. The firm owned 84,642 shares of the company’s stock after acquiring an additional 21,439 shares during the period. Corient Private Wealth LLC’s holdings in B2Gold were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BTG. HighTower Advisors LLC increased its holdings in shares of B2Gold by 45.4% during the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock worth $41,000 after buying an additional 5,288 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in B2Gold in the 3rd quarter worth about $35,000. Tradition Wealth Management LLC acquired a new position in B2Gold in the 3rd quarter worth about $44,000. Swiss National Bank raised its holdings in B2Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 2,586,023 shares of the company’s stock valued at $6,330,000 after buying an additional 15,600 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in B2Gold during the 3rd quarter worth approximately $49,000. Institutional investors own 61.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. CIBC increased their price objective on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Thursday, March 20th. TD Securities lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, B2Gold presently has a consensus rating of “Hold” and an average target price of $4.12.

B2Gold Trading Up 1.8 %

BTG opened at $2.90 on Wednesday. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.50. The company has a fifty day moving average of $2.73 and a 200-day moving average of $2.84. The stock has a market cap 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. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was 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%.

B2Gold 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.