B2Gold Corp. (NYSE:BTG) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. trimmed its holdings in B2Gold Corp. (NYSE:BTG) by 81.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 200,000 shares of the company’s stock after selling 900,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in B2Gold were worth $488,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of B2Gold by 40.6% in the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after acquiring an additional 47,967,010 shares during the last quarter. FMR LLC increased its holdings in shares of B2Gold by 0.7% in the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after acquiring an additional 438,399 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of B2Gold by 66.9% in the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock valued at $55,058,000 after acquiring an additional 7,165,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of B2Gold by 69.5% in 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 acquiring an additional 4,754,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of B2Gold by 3.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,701,328 shares of the company’s stock valued at $23,819,000 after acquiring an additional 251,045 shares during the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BTG shares. CIBC lowered their price target on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. One 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.02.

B2Gold Trading Up 5.6 %

NYSE:BTG opened at $2.81 on Friday. B2Gold Corp. has a 1 year low of $2.20 and a 1 year high of $3.50. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of -5.02, a PEG ratio of 0.30 and a beta of 1.10. The business has a fifty day moving average of $2.50 and a 200-day moving average of $2.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold Cuts Dividend

The firm also recently declared 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 is Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 2.85%. B2Gold’s payout ratio is -28.57%.

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.