Hussman Strategic Advisors Inc. Reduces Stock Position in B2Gold Corp. (NYSE:BTG)

Hussman Strategic Advisors Inc. lessened its stake in shares of B2Gold Corp. (NYSE:BTG) by 81.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after selling 900,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in B2Gold were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in B2Gold during the 3rd quarter worth about $33,000. Flow Traders U.S. LLC purchased a new stake in B2Gold in the 3rd quarter valued at about $35,000. HighTower Advisors LLC purchased a new stake in B2Gold in the 3rd quarter valued at about $36,000. Moors & Cabot Inc. grew its holdings 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 period. Finally, Blue Trust Inc. grew its holdings in B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after buying an additional 5,764 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. CIBC decreased their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Finally, StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One 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’s stock. According to data from MarketBeat.com, B2Gold presently has a consensus rating of “Hold” and an average target price of $4.02.

B2Gold Stock Performance

B2Gold stock opened at $2.81 on Friday. The stock’s 50 day moving average price is $2.50 and its 200 day moving average price is $2.81. The firm has a market capitalization of $3.70 billion, a PE ratio of -5.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.10. 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 Corp. has a one year low of $2.20 and a one year high of $3.50.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is presently -28.57%.

B2Gold Company 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.