B2Gold Corp. (NYSE:BTG) Position Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in B2Gold Corp. (NYSE:BTG - Free Report) by 69.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,596,488 shares of the company's stock after acquiring an additional 4,754,500 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.88% of B2Gold worth $35,837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTG. E&G Advisors LP purchased a new position in B2Gold during the 3rd quarter valued at approximately $31,000. Private Advisor Group LLC bought a new position in shares of B2Gold in the 3rd quarter worth $33,000. Continuum Advisory LLC acquired a new position in B2Gold during the 2nd quarter valued at about $40,000. Baader Bank Aktiengesellschaft acquired a new position in B2Gold during the 2nd quarter valued at about $42,000. Finally, Blue Trust Inc. increased its holdings in shares of B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock valued at $42,000 after purchasing an additional 5,764 shares during the period. Hedge funds and other institutional investors own 61.40% of the company's stock.

Analyst Ratings Changes

BTG has been the topic of a number of recent research reports. Cibc World Mkts downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. CIBC raised their target price on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Scotiabank cut B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 9th. Cormark lowered B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group lifted their price target on B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $4.12.

B2Gold Trading Up 0.7 %

NYSE:BTG traded up $0.02 during mid-day trading on Wednesday, hitting $2.82. The company had a trading volume of 16,185,655 shares, compared to its average volume of 12,677,600. The business has a fifty day simple moving average of $3.17. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of -5.09, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13. B2Gold Corp. has a 1 year low of $2.34 and a 1 year high of $3.50.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The firm 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 for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. As a group, research analysts anticipate that B2Gold Corp. will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.67%. B2Gold's dividend payout ratio (DPR) is presently -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.