B2Gold Corp. (NYSE:BTG) Stake Boosted by American Century Companies Inc.

American Century Companies Inc. raised its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 31.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,658,771 shares of the company's stock after purchasing an additional 5,401,334 shares during the period. American Century Companies Inc. owned about 1.72% of B2Gold worth $55,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in BTG. Signaturefd LLC raised its holdings in B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after acquiring an additional 8,250 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of B2Gold in the 3rd quarter valued at $35,000. HighTower Advisors LLC purchased a new stake in shares of B2Gold during the 3rd quarter worth $36,000. Carrera Capital Advisors acquired a new position in shares of B2Gold during the fourth quarter worth $39,000. Finally, Tradition Wealth Management LLC purchased a new position in B2Gold in the third quarter valued at $44,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. CIBC upped their target price on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $4.12.

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B2Gold Stock Down 9.1 %

Shares of NYSE BTG traded down $0.29 during midday trading on Friday, reaching $2.88. 50,544,429 shares of the company's stock were exchanged, compared to its average volume of 18,764,836. The business's fifty day moving average price is $2.71 and its two-hundred day moving average price is $2.84. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.50. The stock has a market capitalization of $3.80 billion, a PE ratio of -6.00, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.78%. B2Gold's dividend payout ratio (DPR) is -16.67%.

B2Gold 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.