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

Charles Schwab Investment Management Inc. lowered its holdings in shares of B2Gold Corp. (NYSE:BTG) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,946,916 shares of the company’s stock after selling 10,239 shares during the period. Charles Schwab Investment Management Inc.’s holdings in B2Gold were worth $9,660,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. DJE Kapital AG bought a new position in B2Gold during the fourth quarter worth $2,036,000. SBI Securities Co. Ltd. bought a new position in B2Gold during the fourth quarter worth $123,000. Sprott Inc. raised its stake in B2Gold by 10.1% during the fourth quarter. Sprott Inc. now owns 3,081,222 shares of the company’s stock worth $7,518,000 after buying an additional 282,774 shares during the last quarter. Bank of New York Mellon Corp raised its stake in B2Gold by 146.3% during the fourth quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company’s stock worth $1,333,000 after buying an additional 324,491 shares during the last quarter. Finally, KG&L Capital Management LLC raised its stake in B2Gold by 15.6% during the fourth quarter. KG&L Capital Management LLC now owns 146,000 shares of the company’s stock worth $356,000 after buying an additional 19,700 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Securities downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. CIBC lifted their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.12.

B2Gold Trading Down 2.8 %

BTG opened at $3.12 on Friday. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.50. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.11 billion, a P/E ratio of -6.50, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. The company has a fifty day moving average price of $2.65 and a two-hundred day moving average price of $2.83.

B2Gold Cuts Dividend

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

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.