The Manufacturers Life Insurance Company Acquires 251,045 Shares of B2Gold Corp. (NYSE:BTG)

The Manufacturers Life Insurance Company increased its position in B2Gold Corp. (NYSE:BTG - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,701,328 shares of the company's stock after buying an additional 251,045 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.59% of B2Gold worth $23,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. E&G Advisors LP purchased a new stake in shares of B2Gold in the third quarter valued at $31,000. Private Advisor Group LLC purchased a new stake in shares of B2Gold during the third quarter worth $33,000. Continuum Advisory LLC acquired a new position in B2Gold in the 2nd quarter worth about $40,000. Baader Bank Aktiengesellschaft bought a new position in B2Gold during the second quarter valued at approximately $42,000. Finally, Blue Trust Inc. increased its position in B2Gold by 72.1% during the third quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock worth $42,000 after buying an additional 5,764 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BTG has been the topic of several research analyst reports. Scotiabank downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. Cibc World Mkts lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. CIBC increased their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 24th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Finally, Cormark lowered B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. Six investment 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 stock has an average rating of "Hold" and a consensus price target of $4.12.

B2Gold Trading Down 0.3 %

NYSE:BTG traded down $0.01 during mid-day trading on Friday, hitting $2.88. The company had a trading volume of 6,162,698 shares, compared to its average volume of 13,402,622. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The firm has a market cap of $3.78 billion, a P/E ratio of -5.14, a P/E/G ratio of 0.54 and a beta of 1.13. The business's fifty day moving average is $3.11 and its two-hundred day moving average is $2.91. B2Gold Corp. has a fifty-two week low of $2.34 and a fifty-two week high of $3.50.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The firm had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. During the same period in the prior year, the business earned $0.05 earnings per share. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, research analysts expect 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 given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold's dividend payout ratio is currently -28.57%.

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.