Charles Schwab Investment Management Inc. Increases Position 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 stake in B2Gold Corp. (NYSE:BTG - Free Report) by 5.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,159,864 shares of the company's stock after acquiring an additional 212,948 shares during the period. Charles Schwab Investment Management Inc. owned about 0.32% of B2Gold worth $11,821,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BTG. Cantor Fitzgerald L. P. purchased a new position in shares of B2Gold in the fourth quarter valued at about $25,000. Independent Wealth Network Inc. purchased a new position in shares of B2Gold in the first quarter valued at about $28,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of B2Gold in the fourth quarter valued at about $30,000. Kercheville Advisors LLC purchased a new position in shares of B2Gold in the first quarter valued at about $31,000. Finally, Walker Asset Management LLC purchased a new position in shares of B2Gold in the first quarter valued at about $32,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Price Performance

Shares of BTG stock traded up $0.09 during mid-day trading on Friday, hitting $4.13. 27,960,650 shares of the stock were exchanged, compared to its average volume of 41,277,234. The firm has a fifty day moving average of $3.65 and a 200 day moving average of $3.29. 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 52-week low of $2.20 and a 52-week high of $4.14. The company has a market cap of $5.46 billion, a PE ratio of -8.60, a price-to-earnings-growth ratio of 0.33 and a beta of 0.39.

B2Gold (NYSE:BTG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 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 business earned $0.06 EPS. The business's quarterly revenue was up 40.5% compared to the same quarter last year. Research analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, September 10th. B2Gold's dividend payout ratio is -22.86%.

Wall Street Analysts Forecast Growth

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

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.