Dimensional Fund Advisors LP Buys 130,638 Shares of B2Gold Corp. (NYSE:BTG)

Dimensional Fund Advisors LP increased its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,389,363 shares of the company's stock after acquiring an additional 130,638 shares during the quarter. Dimensional Fund Advisors LP owned about 1.85% of B2Gold worth $59,510,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BTG. Groupama Asset Managment acquired a new position in B2Gold during the 4th quarter valued at about $29,000. Signaturefd LLC raised its position in shares of B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after acquiring an additional 8,250 shares during the last quarter. Carrera Capital Advisors bought a new position in shares of B2Gold in the 4th quarter worth $39,000. HighTower Advisors LLC grew its stake in shares of B2Gold by 45.4% during the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock worth $41,000 after purchasing an additional 5,288 shares during the period. Finally, FIL Ltd increased its holdings in B2Gold by 37.5% in the fourth quarter. FIL Ltd now owns 38,047 shares of the company's stock valued at $93,000 after purchasing an additional 10,373 shares during the last quarter. Institutional investors own 61.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. CIBC boosted their target price on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. National Bankshares reissued an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. Finally, Raymond James reiterated an "outperform" rating and set a $4.50 target price on shares of B2Gold in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.21.

B2Gold Price Performance

BTG stock traded down $0.08 during trading on Wednesday, reaching $3.11. 7,835,524 shares of the company were exchanged, compared to its average volume of 22,715,199. B2Gold Corp. has a twelve month low of $2.20 and a twelve month high of $3.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of -6.47, a P/E/G ratio of 0.33 and a beta of 0.43. The company has a 50-day moving average of $3.00 and a two-hundred day moving average of $2.82.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, March 7th. B2Gold's dividend payout ratio is presently -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.