First Eagle Investment Management LLC Sells 9,783,826 Shares of B2Gold Corp. (NYSE:BTG)

First Eagle Investment Management LLC decreased its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 54.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,332,514 shares of the company's stock after selling 9,783,826 shares during the period. First Eagle Investment Management LLC owned approximately 0.63% of B2Gold worth $20,262,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. FMR LLC increased its position in shares of B2Gold by 0.7% during the third 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 lifted its stake in B2Gold by 66.9% in the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock valued at $55,058,000 after acquiring an additional 7,165,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in B2Gold by 69.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company's stock valued at $35,837,000 after acquiring an additional 4,754,500 shares during the last quarter. Amundi lifted its stake in B2Gold by 37.4% in the fourth quarter. Amundi now owns 8,139,040 shares of the company's stock valued at $21,243,000 after acquiring an additional 2,215,319 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake 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 buying an additional 251,045 shares during the last quarter. Institutional investors own 61.40% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BTG shares. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, February 21st. CIBC decreased their target price on shares of B2Gold from $3.70 to $3.30 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. Finally, TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $4.02.

B2Gold Stock Up 1.5 %

Shares of B2Gold stock traded up $0.05 during trading on Tuesday, reaching $3.28. 58,285,991 shares of the company traded hands, compared to its average volume of 17,445,689. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.50. The company has a 50 day moving average price of $2.60 and a 200-day moving average price of $2.82. The firm has a market capitalization of $4.32 billion, a PE ratio of -6.83, a P/E/G ratio of 0.33 and a beta of 1.09.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.44%. B2Gold's dividend payout ratio (DPR) is presently -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.