Zurcher Kantonalbank Zurich Cantonalbank Has $911,000 Stock Holdings in B2Gold Corp. (NYSEAMERICAN:BTG)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 16.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 286,577 shares of the basic materials company’s stock after acquiring an additional 40,586 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in B2Gold were worth $911,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BTG. Van ECK Associates Corp raised its stake in B2Gold by 9.0% during the 3rd quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company’s stock worth $450,601,000 after buying an additional 12,836,388 shares during the period. Intact Investment Management Inc. grew its holdings in shares of B2Gold by 332.9% during the third quarter. Intact Investment Management Inc. now owns 11,250,230 shares of the basic materials company’s stock worth $32,302,000 after buying an additional 8,651,430 shares in the last quarter. Vanguard Group Inc. lifted its stake in B2Gold by 20.3% in the 3rd quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company’s stock valued at $140,291,000 after acquiring an additional 8,177,437 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in B2Gold during the 3rd quarter worth approximately $2,223,000. Finally, Mackenzie Financial Corp raised its holdings in shares of B2Gold by 22.3% in the third quarter. Mackenzie Financial Corp now owns 3,694,871 shares of the basic materials company’s stock valued at $10,429,000 after purchasing an additional 672,764 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Trading Up 1.6 %

BTG stock opened at $2.62 on Monday. B2Gold Corp. has a 12 month low of $2.34 and a 12 month high of $4.29. The company has a market capitalization of $3.41 billion, a PE ratio of 131.07, a P/E/G ratio of 1.59 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.27 and a quick ratio of 1.16. The business has a 50-day moving average of $2.88.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The company had revenue of $511.97 million for the quarter, compared to analyst estimates of $512.00 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was down 13.6% compared to the same quarter last year. As a group, equities analysts predict that B2Gold Corp. will post 0.25 EPS for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.16 dividend on an annualized basis and a yield of 6.11%. B2Gold’s payout ratio is currently 400.20%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada dropped their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research note on Thursday, March 28th. Jefferies Financial Group assumed coverage on shares of B2Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $3.50 price target on the stock. Finally, CIBC cut B2Gold from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $4.20 to $3.60 in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.10.

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.