Charles Schwab Investment Management Inc. Has $11.82 Million Stock Holdings in B2Gold Corp. $BTG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in B2Gold Corp. by 5.4%, owning approximately 4.16 million shares valued at around $11.82 million as of the end of the most recent quarter.
• B2Gold's stock has recently been trading up by 2.5%, reaching a price of $4.05, with a market capitalization of $5.36 billion.
• The company announced a quarterly dividend of $0.02 per share, representing a 2.0% dividend yield, with the ex-dividend date set for September 10th.

Charles Schwab Investment Management Inc. increased its position in B2Gold Corp. (NYSE:BTG - Free Report) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,159,864 shares of the company's stock after purchasing an additional 212,948 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.32% of B2Gold worth $11,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in B2Gold by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 54,099,978 shares of the company's stock valued at $153,752,000 after purchasing an additional 1,089,501 shares during the period. Advyzon Investment Management LLC acquired a new stake in shares of B2Gold during the 1st quarter worth approximately $123,000. Ruffer LLP boosted its stake in B2Gold by 10.7% in the first quarter. Ruffer LLP now owns 4,663,540 shares of the company's stock valued at $13,291,000 after acquiring an additional 450,478 shares during the last quarter. Bank of Nova Scotia boosted its stake in B2Gold by 37.6% in the first quarter. Bank of Nova Scotia now owns 881,477 shares of the company's stock valued at $2,506,000 after acquiring an additional 240,646 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in B2Gold in the first quarter valued at approximately $41,000. 61.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BTG has been the subject of a number of analyst reports. Zacks Research cut B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wall Street Zen raised B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 price target for the company in a report on Monday, June 30th. National Bankshares reissued an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. Finally, CIBC reissued a "neutral" rating and issued a $4.00 price target (up previously from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $4.31.

B2Gold Stock Down 0.1%

NYSE BTG traded down $0.01 on Thursday, reaching $4.06. The company had a trading volume of 18,390,624 shares, compared to its average volume of 41,317,984. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of -8.47, a price-to-earnings-growth ratio of 0.33 and a beta of 0.39. 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 Corp. has a 1-year low of $2.20 and a 1-year high of $4.10. The company's fifty day moving average is $3.63 and its 200-day moving average is $3.27.

B2Gold (NYSE:BTG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The company's quarterly revenue was up 40.5% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. On average, research analysts forecast 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, September 23rd. Investors of record on Wednesday, September 10th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 2.0%. B2Gold's dividend payout ratio is presently -22.86%.

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.