Connor Clark & Lunn Investment Management Ltd. Grows Stock Holdings in B2Gold Corp. (NYSE:BTG)

Connor Clark & Lunn Investment Management Ltd. raised its position in B2Gold Corp. (NYSE:BTG) by 69.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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. owned approximately 0.88% of B2Gold worth $35,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BTG. Point72 DIFC Ltd increased its stake in B2Gold by 16.6% during the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after purchasing an additional 3,053 shares in the last quarter. Creative Planning increased its stake in shares of B2Gold by 6.2% in the 3rd quarter. Creative Planning now owns 82,324 shares of the company’s stock valued at $254,000 after purchasing an additional 4,810 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in B2Gold by 24.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock worth $82,000 after purchasing an additional 5,257 shares during the period. Blue Trust Inc. boosted its position in B2Gold by 72.1% during the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after purchasing an additional 5,764 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of B2Gold by 31.3% in the second quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock valued at $90,000 after buying an additional 7,974 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Scotiabank cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. CIBC increased their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, B2Gold has an average rating of “Hold” and an average target price of $4.12.

B2Gold Price Performance

Shares of B2Gold stock opened at $2.81 on Wednesday. B2Gold Corp. has a 1-year low of $2.34 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 firm has a market cap of $3.69 billion, a PE ratio of -5.02, a P/E/G ratio of 2.33 and a beta of 1.13. The business’s 50 day moving average is $3.16.

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

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be paid a $0.04 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 5.69%. B2Gold’s dividend payout ratio (DPR) is -28.57%.

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.