B2Gold Corp. (NYSE:BTG) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in B2Gold Corp. (NYSE:BTG) by 69.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,596,488 shares of the company’s stock after acquiring an additional 4,754,500 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in B2Gold were worth $35,837,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. KPP Advisory Services LLC lifted its stake in B2Gold by 26.1% during the third quarter. KPP Advisory Services LLC now owns 44,450 shares of the company’s stock worth $137,000 after purchasing an additional 9,200 shares in the last quarter. Euro Pacific Asset Management LLC lifted its stake in B2Gold by 1.7% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 5,631,472 shares of the company’s stock worth $17,386,000 after acquiring an additional 92,385 shares in the last quarter. Privium Fund Management B.V. boosted its holdings in B2Gold by 29.6% during the 3rd quarter. Privium Fund Management B.V. now owns 103,598 shares of the company’s stock valued at $319,000 after acquiring an additional 23,645 shares during the period. Oxbow Advisors LLC grew its position in B2Gold by 13.7% in the 3rd quarter. Oxbow Advisors LLC now owns 88,445 shares of the company’s stock valued at $272,000 after acquiring an additional 10,650 shares in the last quarter. Finally, Verdence Capital Advisors LLC purchased a new stake in B2Gold during the third quarter worth about $62,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BTG. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Jefferies Financial Group lifted their target price on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a report on Friday, October 4th. CIBC upped their price target on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.12.

B2Gold Stock Performance

BTG opened at $2.81 on Wednesday. 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 one year low of $2.34 and a one year high of $3.50. The stock has a market cap of $3.69 billion, a P/E ratio of -5.02, a P/E/G ratio of 2.33 and a beta of 1.13. The firm has a 50-day simple moving average of $3.16.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The company had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same period in the previous year, the business posted $0.05 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts predict that B2Gold Corp. will post 0.23 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 5.69%. B2Gold’s dividend payout ratio is presently -28.57%.

B2Gold 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.