Geode Capital Management LLC Purchases 191,574 Shares of B2Gold Corp. (NYSE:BTG)

Geode Capital Management LLC increased its holdings in B2Gold Corp. (NYSE:BTG - Free Report) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,267,095 shares of the company's stock after acquiring an additional 191,574 shares during the quarter. Geode Capital Management LLC owned about 0.17% of B2Gold worth $5,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after buying an additional 8,250 shares during the period. HighTower Advisors LLC bought a new stake in shares of B2Gold during the third quarter valued at approximately $36,000. Carrera Capital Advisors purchased a new stake in B2Gold in the fourth quarter worth $39,000. Sanctuary Advisors LLC bought a new position in B2Gold in the third quarter worth $50,000. Finally, SBI Securities Co. Ltd. purchased a new position in B2Gold during the fourth quarter valued at $123,000. Institutional investors own 61.40% of the company's stock.

B2Gold Stock Performance

NYSE BTG traded down $0.12 during trading hours on Thursday, hitting $3.00. 11,377,592 shares of the company's stock traded hands, compared to its average volume of 22,110,283. The company has a current ratio of 1.83, a quick ratio of 1.08 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 $3.51. The firm has a market capitalization of $3.95 billion, a P/E ratio of -6.24, a P/E/G ratio of 0.33 and a beta of 0.93. The business's fifty day moving average price is $2.99 and its two-hundred day moving average price is $2.83.

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 issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.67%. B2Gold's dividend payout ratio is currently -16.67%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. CIBC lifted their price target 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 cut shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, B2Gold presently has an average rating of "Hold" and an average price target 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.