Mackenzie Financial Corp Has $5.41 Million Stake in B2Gold Corp. (NYSEAMERICAN:BTG)

Mackenzie Financial Corp lowered its position in B2Gold Corp. (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) by 24.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,597,772 shares of the basic materials company’s stock after selling 513,335 shares during the period. Mackenzie Financial Corp owned 0.15% of B2Gold worth $5,412,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aire Advisors LLC acquired a new position in shares of B2Gold during the 2nd quarter valued at $34,000. Oppenheimer & Co. Inc. acquired a new position in shares of B2Gold during the 2nd quarter valued at $35,000. Castle Wealth Management LLC acquired a new position in shares of B2Gold during the 2nd quarter valued at $36,000. Power Corp of Canada acquired a new position in shares of B2Gold during the 1st quarter valued at $49,000. Finally, Kellett Schaffner Wealth Advisors LLC acquired a new position in shares of B2Gold during the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 52.70% of the company’s stock.

B2Gold Trading Up 1.2 %

NYSEAMERICAN BTG opened at $3.39 on Friday. B2Gold Corp. has a 1 year low of $2.81 and a 1 year high of $5.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.89 and a quick ratio of 3.54. The firm has a market capitalization of $3.64 billion, a PE ratio of 7.88 and a beta of 1.01.

B2Gold (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) last posted its earnings results on Tuesday, November 1st. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $392.55 million during the quarter. B2Gold had a return on equity of 15.30% and a net margin of 26.32%. Equities research analysts forecast that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Wednesday, September 21st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Tuesday, September 20th. B2Gold’s dividend payout ratio (DPR) is currently 37.21%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. National Bank Financial decreased their price target on shares of B2Gold from C$7.50 to C$7.00 in a research note on Thursday, October 13th. M Partners restated a “buy” rating on shares of B2Gold in a research note on Tuesday, November 1st. Scotiabank decreased their price target on shares of B2Gold from C$8.25 to C$7.50 in a research note on Monday, October 24th. Stifel Nicolaus decreased their price target on shares of B2Gold from C$7.50 to C$7.25 in a research note on Wednesday, October 19th. Finally, TheStreet lowered shares of B2Gold from a “b-” rating to a “c+” rating in a research note on Tuesday, August 9th.

About B2Gold

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B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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