B2Gold Corp. (NYSE:BTG) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in B2Gold Corp. (NYSE:BTG - Free Report) by 68.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 372,560 shares of the company's stock after selling 817,791 shares during the quarter. Wells Fargo & Company MN's holdings in B2Gold were worth $909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in B2Gold by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock valued at $129,823,000 after acquiring an additional 1,165,204 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of B2Gold by 31.3% during the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock valued at $55,436,000 after purchasing an additional 5,401,334 shares during the period. Norges Bank bought a new position in shares of B2Gold in the fourth quarter worth about $40,192,000. Amundi increased its stake in B2Gold by 37.4% in the 4th quarter. Amundi now owns 8,139,040 shares of the company's stock worth $21,243,000 after buying an additional 2,215,319 shares during the period. Finally, Euro Pacific Asset Management LLC lifted its holdings in B2Gold by 0.8% during the 4th quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company's stock valued at $13,924,000 after buying an additional 45,605 shares in the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Stock Down 1.7 %

BTG stock traded down $0.05 during trading on Friday, reaching $2.94. 47,259,473 shares of the company traded hands, compared to its average volume of 22,462,727. The business has a 50 day simple moving average of $2.99 and a 200 day simple moving average of $2.82. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of -6.13, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's payout ratio is currently -16.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Raymond James reaffirmed an "outperform" rating and set a $4.50 target price on shares of B2Gold in a research report on Friday, April 4th. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Finally, CIBC increased their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. One 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 company. Based on data from MarketBeat, B2Gold currently has a consensus rating of "Hold" and an average price target of $4.21.

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.