Connor Clark & Lunn Investment Management Ltd. Has $21.32 Million Stock Position in B2Gold Corp. (NYSE:BTG)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in B2Gold Corp. by 62.8%, owning 7,499,738 shares after acquiring an additional 2,891,950 shares in the first quarter.
• B2Gold's recent quarterly earnings report showed an earnings per share of $0.12, which missed the consensus estimate by $0.01, despite a remarkable 40.5% increase in quarterly revenue compared to the previous year.
• Research analysts generally maintain a "Hold" rating on B2Gold, with an average target price of $4.31, though several recent upgrades have been made, including a "moderate buy" rating from Raymond James Financial.

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 62.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,499,738 shares of the company's stock after purchasing an additional 2,891,950 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.57% of B2Gold worth $21,319,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cantor Fitzgerald L. P. acquired a new position in B2Gold during the fourth quarter valued at approximately $25,000. Independent Wealth Network Inc. acquired a new position in shares of B2Gold during the first quarter worth $28,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of B2Gold during the fourth quarter worth $30,000. Kercheville Advisors LLC acquired a new position in shares of B2Gold during the first quarter worth $31,000. Finally, Walker Asset Management LLC acquired a new position in shares of B2Gold during the first quarter worth $32,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BTG shares. Wall Street Zen upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. CIBC reiterated a "neutral" rating and set a $4.00 price target (up from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 price target for the company in a report on Monday, June 30th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $4.31.

B2Gold Trading Down 0.8%

BTG traded down $0.03 during trading on Thursday, reaching $3.83. 23,917,776 shares of the stock traded hands, compared to its average volume of 42,362,719. 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 stock has a market capitalization of $5.07 billion, a PE ratio of -7.98, a P/E/G ratio of 0.33 and a beta of 0.39. The stock's 50-day moving average is $3.59 and its 200 day moving average is $3.18. B2Gold Corp. has a 12 month low of $2.20 and a 12 month high of $3.93.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. The firm's quarterly revenue was up 40.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. Equities analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 2.1%. B2Gold's dividend payout ratio is currently -22.86%.

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.