CoreCommodity Management LLC Sells 531,248 Shares of B2Gold Corp. (NYSE:BTG)

CoreCommodity Management LLC reduced its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 30.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,204,067 shares of the company's stock after selling 531,248 shares during the quarter. B2Gold comprises 0.6% of CoreCommodity Management LLC's holdings, making the stock its 29th biggest position. CoreCommodity Management LLC owned 0.09% of B2Gold worth $2,938,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold during the fourth quarter worth approximately $25,000. Groupama Asset Managment acquired a new stake in B2Gold during the 4th quarter worth $29,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of B2Gold during the 4th quarter valued at $30,000. Signaturefd LLC lifted its stake in shares of B2Gold by 176.1% in the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after purchasing an additional 8,250 shares during the period. Finally, Carrera Capital Advisors bought a new position in shares of B2Gold in the 4th quarter worth $39,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Securities lowered B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Raymond James reiterated an "outperform" rating and issued a $4.50 price target on shares of B2Gold in a research report on Friday, April 4th. National Bankshares restated an "outperform" rating on shares of B2Gold in a report on Wednesday, April 2nd. Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $4.21.

B2Gold Stock Up 5.0 %

B2Gold stock opened at $3.18 on Wednesday. The company has a 50 day moving average of $3.00 and a 200-day moving average of $2.82. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.51. The stock has a market capitalization of $4.20 billion, a PE ratio of -6.63, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Friday, March 7th. B2Gold's payout ratio is presently -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.

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