B2Gold Corp. (NYSE:BTG) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in shares of B2Gold Corp. (NYSE:BTG) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 158,918,109 shares of the company’s stock after selling 7,161,024 shares during the period. Van ECK Associates Corp owned about 0.12% of B2Gold worth $387,779,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. E&G Advisors LP purchased a new position in B2Gold in the third quarter worth $31,000. Private Advisor Group LLC purchased a new position in shares of B2Gold in the 3rd quarter worth about $33,000. Flow Traders U.S. LLC acquired a new position in shares of B2Gold during the 3rd quarter valued at $35,000. HighTower Advisors LLC purchased a new position in B2Gold in the 3rd quarter worth approximately $36,000. Finally, Moors & Cabot Inc. boosted its position in B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after buying an additional 3,500 shares during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BTG. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, CIBC dropped their price target 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.02.

B2Gold Stock Up 1.2 %

NYSE:BTG opened at $2.56 on Thursday. The company has a market cap of $3.37 billion, a price-to-earnings ratio of -4.57, a P/E/G ratio of 0.28 and a beta of 1.10. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.50. 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’s fifty day moving average price is $2.51 and its two-hundred day moving average price is $2.82.

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.