B2Gold Corp. (NYSE:BTG) Shares Sold by CoreCommodity Management LLC

CoreCommodity Management LLC trimmed its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,204,067 shares of the company's stock after selling 531,248 shares during the period. B2Gold makes up about 0.6% of CoreCommodity Management LLC's portfolio, making the stock its 29th biggest position. CoreCommodity Management LLC owned about 0.09% of B2Gold worth $2,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of B2Gold by 2.2% in the 4th 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 during the period. Renaissance Technologies LLC increased its holdings in B2Gold by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock worth $66,335,000 after acquiring an additional 272,300 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in B2Gold by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock worth $59,510,000 after acquiring an additional 130,638 shares in the last quarter. American Century Companies Inc. increased its holdings in B2Gold by 31.3% in the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock worth $55,436,000 after acquiring an additional 5,401,334 shares in the last quarter. Finally, Norges Bank purchased a new stake in B2Gold in the 4th quarter worth $40,192,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on BTG shares. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. CIBC upped their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. StockNews.com raised shares of B2Gold from a "hold" rating to a "buy" rating in a report on Thursday. Raymond James reaffirmed an "outperform" rating and set a $4.50 target price on shares of B2Gold in a report on Friday, April 4th. Finally, Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $4.21.

B2Gold Trading Down 6.2%

NYSE BTG traded down $0.20 during trading hours on Monday, reaching $2.95. The company had a trading volume of 30,893,908 shares, compared to its average volume of 23,385,582. The stock has a market capitalization of $3.89 billion, a P/E ratio of -6.14, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.51. 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 stock has a 50-day moving average of $3.03 and a 200 day moving average of $2.80.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. B2Gold's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. As a group, research analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 2.72%. B2Gold's dividend payout ratio (DPR) is -17.02%.

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.