Fmr LLC Sells 156,299 Shares of B2Gold Corp. (NYSE:BTG)

FMR LLC reduced its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,332,830 shares of the company's stock after selling 156,299 shares during the quarter. FMR LLC owned about 4.50% of B2Gold worth $145,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in B2Gold by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock valued at $129,823,000 after purchasing an additional 1,165,204 shares in the last quarter. American Century Companies Inc. lifted its stake in B2Gold by 31.3% in the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock worth $55,436,000 after purchasing an additional 5,401,334 shares during the last quarter. Norges Bank purchased a new position in shares of B2Gold in the fourth quarter worth about $40,192,000. Amundi lifted its stake in shares of B2Gold by 37.4% in the 4th 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, Euro Pacific Asset Management LLC increased its stake in B2Gold by 0.8% in the 4th quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company's stock worth $13,924,000 after purchasing an additional 45,605 shares during the period. 61.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BTG has been the subject of a number of recent analyst reports. CIBC upped their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a report on Thursday, March 20th. TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Wednesday, April 2nd. Bank of America cut B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Finally, Raymond James reiterated an "outperform" rating and issued a $4.50 price target on shares of B2Gold in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $4.21.

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B2Gold Stock Up 1.2 %

Shares of BTG traded up $0.04 during trading hours on Wednesday, hitting $3.35. The company had a trading volume of 66,242,283 shares, compared to its average volume of 20,492,500. B2Gold Corp. has a 52-week low of $2.20 and a 52-week high of $3.51. The firm has a fifty day moving average price of $2.86 and a 200-day moving average price of $2.82. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -6.98, a P/E/G ratio of 0.33 and a beta of 0.93. 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's payout ratio is -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.