Charles Schwab Investment Management Inc. Sells 10,239 Shares of B2Gold Corp. (NYSE:BTG)

Charles Schwab Investment Management Inc. cut its holdings in shares of B2Gold Corp. (NYSE:BTG) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,946,916 shares of the company’s stock after selling 10,239 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.30% of B2Gold worth $9,660,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. FMR LLC boosted its position in shares of B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after acquiring an additional 438,399 shares in the last quarter. Two Sigma Advisers LP boosted its position 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 worth $55,058,000 after acquiring an additional 7,165,600 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of B2Gold by 3.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,701,328 shares of the company’s stock worth $23,819,000 after acquiring an additional 251,045 shares in the last quarter. National Bank of Canada FI boosted its position 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 worth $18,235,000 after acquiring an additional 849,925 shares in the last quarter. Finally, Euro Pacific Asset Management LLC boosted its position in shares of B2Gold by 0.8% during the 4th quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company’s stock worth $13,924,000 after acquiring an additional 45,605 shares in the last quarter. 61.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BTG has been the topic of several analyst reports. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. CIBC raised their target price on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Thursday. Finally, Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, B2Gold has a consensus rating of “Hold” and an average price target of $4.12.

B2Gold Stock Performance

Shares of B2Gold stock opened at $3.12 on Friday. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $3.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a market capitalization of $4.11 billion, a P/E ratio of -6.50, a P/E/G ratio of 0.33 and a beta of 1.09. The company’s 50 day moving average price is $2.65 and its two-hundred day moving average price is $2.83.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Friday, March 7th. B2Gold’s payout ratio is currently -16.67%.

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.