Bank of America Corp DE Raises Stock Holdings in B2Gold Corp. (NYSE:BTG)

Bank of America Corp DE grew its holdings in B2Gold Corp. (NYSE:BTG - Free Report) by 577.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,519,757 shares of the company's stock after purchasing an additional 3,852,095 shares during the period. Bank of America Corp DE owned about 0.34% of B2Gold worth $11,028,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of B2Gold by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock valued at $129,823,000 after buying an additional 1,165,204 shares during the period. Renaissance Technologies LLC increased its position in B2Gold by 1.0% during the fourth quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock valued at $66,335,000 after acquiring an additional 272,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in B2Gold by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock valued at $59,510,000 after acquiring an additional 130,638 shares during the period. American Century Companies Inc. boosted its position 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. Finally, Norges Bank bought a new stake in shares of B2Gold during the 4th quarter valued at about $40,192,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Price Performance

BTG stock traded down $0.06 during trading on Thursday, reaching $3.40. The company's stock had a trading volume of 39,246,780 shares, compared to its average volume of 25,252,193. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company's fifty day moving average is $3.09 and its 200-day moving average is $2.81. The company has a market capitalization of $4.49 billion, a P/E ratio of -7.08, 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.

B2Gold (NYSE:BTG - Get Free Report) last released its 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 positive return on equity of 5.65% and a negative net margin of 33.12%. During the same quarter in the previous year, the company earned $0.06 earnings per share. B2Gold's revenue for the quarter was up 15.3% on a year-over-year basis. On average, research analysts expect that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold's dividend payout ratio (DPR) is presently -17.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BTG shares. CIBC increased their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Finally, Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $4.21.

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.