American Century Companies Inc. Has $55.44 Million Stake in B2Gold Corp. (NYSE:BTG)

American Century Companies Inc. grew its holdings in shares of B2Gold Corp. (NYSE:BTG) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,658,771 shares of the company’s stock after acquiring an additional 5,401,334 shares during the period. American Century Companies Inc. owned 1.72% of B2Gold worth $55,436,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Two Sigma Advisers LP lifted its position in shares of B2Gold by 66.9% during the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock valued at $55,058,000 after acquiring an additional 7,165,600 shares during the period. Amundi raised its holdings in shares of B2Gold by 37.4% during the fourth quarter. Amundi now owns 8,139,040 shares of the company’s stock valued at $21,243,000 after purchasing an additional 2,215,319 shares during the period. Quadrature Capital Ltd bought a new position in shares of B2Gold during the 3rd quarter worth about $5,113,000. Invenomic Capital Management LP acquired a new stake in shares of B2Gold in the 3rd quarter valued at about $2,636,000. Finally, National Bank of Canada FI increased its position in B2Gold by 16.8% in the 3rd quarter. National Bank of Canada FI now owns 5,915,425 shares of the company’s stock valued at $18,235,000 after buying an additional 849,925 shares in the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Price Performance

Shares of NYSE:BTG opened at $3.09 on Thursday. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.50. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.07 billion, a PE ratio of -6.44, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. The stock’s fifty day simple moving average is $2.68 and its two-hundred day simple moving average is $2.84.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is -16.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BTG shares. Cormark raised B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. CIBC boosted their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Finally, Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.12.

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.