The Manufacturers Life Insurance Company Has $12.40 Million Stock Position in B2Gold Corp. (NYSEAMERICAN:BTG)

The Manufacturers Life Insurance Company boosted its position in B2Gold Corp. (NYSEAMERICAN:BTGFree Report) (TSE:BTO) by 19.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,915,669 shares of the basic materials company’s stock after purchasing an additional 639,112 shares during the period. The Manufacturers Life Insurance Company owned about 0.30% of B2Gold worth $12,402,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings 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 during the period. Deutsche Bank AG raised its holdings in B2Gold by 10.2% in the 3rd quarter. Deutsche Bank AG now owns 4,958,471 shares of the basic materials company’s stock valued at $14,330,000 after acquiring an additional 457,456 shares during the period. Aigen Investment Management LP bought a new position in B2Gold in the 3rd quarter valued at about $98,000. Dimensional Fund Advisors LP raised its holdings in B2Gold by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 22,912,152 shares of the basic materials company’s stock valued at $72,403,000 after acquiring an additional 1,178,984 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in shares of B2Gold by 32.5% during the third quarter. Canada Pension Plan Investment Board now owns 1,010,800 shares of the basic materials company’s stock worth $2,916,000 after purchasing an additional 248,000 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

B2Gold stock opened at $2.67 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.49 billion, a PE ratio of -88.97, a PEG ratio of 1.65 and a beta of 1.10. B2Gold Corp. has a fifty-two week low of $2.34 and a fifty-two week high of $3.87. The stock’s 50-day moving average price is $2.83.

B2Gold (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) last released its earnings results on Tuesday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $461.40 million for the quarter, compared to analysts’ expectations of $453.81 million. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. As a group, analysts predict that B2Gold Corp. will post 0.26 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Tuesday, June 11th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Tuesday, June 11th. B2Gold’s payout ratio is currently -533.16%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BTG shares. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Jefferies Financial Group started coverage on shares of B2Gold in a report on Thursday, February 29th. They set a “buy” rating and a $3.50 target price on the stock. Finally, Royal Bank of Canada lowered their target price on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, B2Gold currently has a consensus rating of “Moderate Buy” and an average target price of $4.57.

Get Our Latest Research Report on B2Gold

B2Gold Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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