B2Gold Corp. (NYSE:BTG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of B2Gold Corp. (NYSE:BTG) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,957,155 shares of the company’s stock after buying an additional 143,663 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in B2Gold were worth $12,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BTG. Van ECK Associates Corp increased its stake in 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 buying an additional 47,967,010 shares during the period. Bank of Montreal Can boosted its holdings in shares of B2Gold by 2.2% in the second quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock valued at $34,824,000 after acquiring an additional 282,070 shares in the last quarter. American Century Companies Inc. increased its stake in shares of B2Gold by 39.4% during the second quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after acquiring an additional 3,474,553 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in B2Gold by 69.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock worth $35,837,000 after purchasing an additional 4,754,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in B2Gold by 80.0% during the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after purchasing an additional 3,311,970 shares in the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BTG has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a research report on Tuesday, September 17th. StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. CIBC boosted their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group increased their price target on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.12.

B2Gold Stock Performance

Shares of BTG stock opened at $2.61 on Monday. The stock has a fifty day moving average price of $3.06 and a 200 day moving average price of $2.91. 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 has a market cap of $3.43 billion, a PE ratio of -4.66, a P/E/G ratio of 0.53 and a beta of 1.08. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.50.

B2Gold (NYSE:BTG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The firm had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. During the same quarter in the prior year, the business earned $0.05 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. Sell-side analysts forecast that B2Gold Corp. will post 0.23 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Monday, December 2nd. B2Gold’s payout ratio is currently -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.