Mackenzie Financial Corp Sells 867,462 Shares of B2Gold Corp. (NYSEAMERICAN:BTG)

Mackenzie Financial Corp reduced its position in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,827,409 shares of the basic materials company’s stock after selling 867,462 shares during the quarter. Mackenzie Financial Corp owned about 0.22% of B2Gold worth $8,945,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BTG. Quantbot Technologies LP grew its holdings in shares of B2Gold by 82.3% during the 3rd quarter. Quantbot Technologies LP now owns 429,794 shares of the basic materials company’s stock valued at $1,242,000 after purchasing an additional 193,996 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of B2Gold by 20.3% during 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 purchasing an additional 8,177,437 shares during the last quarter. Van ECK Associates Corp boosted its position 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. Deutsche Bank AG boosted its position in B2Gold by 10.2% during the 3rd quarter. Deutsche Bank AG now owns 4,958,471 shares of the basic materials company’s stock worth $14,330,000 after buying an additional 457,456 shares during the period. Finally, Gabelli Funds LLC boosted its position in B2Gold by 4.1% during the 3rd quarter. Gabelli Funds LLC now owns 4,712,600 shares of the basic materials company’s stock worth $13,619,000 after buying an additional 186,600 shares during the period. 61.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BTG has been the topic of several recent research reports. Royal Bank of Canada cut their target price on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research report on Thursday, March 28th. CIBC downgraded shares of B2Gold from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $4.20 to $3.60 in a research report on Thursday, January 25th. Finally, Jefferies Financial Group initiated coverage on shares of B2Gold in a research report on Thursday, February 29th. They set a “buy” rating and a $3.50 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, B2Gold has an average rating of “Moderate Buy” and an average price target of $5.10.

B2Gold Stock Performance

Shares of NYSEAMERICAN BTG opened at $2.60 on Friday. The firm has a market cap of $3.39 billion, a P/E ratio of 130.07, a P/E/G ratio of 1.80 and a beta of 1.09. B2Gold Corp. has a 52-week low of $2.34 and a 52-week high of $4.29. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $2.90.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $511.97 million during the quarter, compared to analyst estimates of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Analysts forecast that B2Gold Corp. will post 0.22 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were paid a $0.04 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 annualized dividend and a dividend yield of 6.15%. B2Gold’s dividend payout ratio is currently 400.20%.

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.