Mackenzie Financial Corp Grows Stock Position in B2Gold Corp. (NYSE:BTG)

Mackenzie Financial Corp boosted its holdings in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 56.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,019,331 shares of the company's stock after purchasing an additional 368,961 shares during the quarter. Mackenzie Financial Corp owned approximately 0.08% of B2Gold worth $2,501,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of B2Gold by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock worth $129,823,000 after buying an additional 1,165,204 shares during the period. Renaissance Technologies LLC increased its holdings in B2Gold by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock worth $66,335,000 after acquiring an additional 272,300 shares in the last quarter. Dimensional Fund Advisors LP raised its position in B2Gold by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock worth $59,510,000 after acquiring an additional 130,638 shares during the period. American Century Companies Inc. lifted its holdings in B2Gold by 31.3% during the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock valued at $55,436,000 after purchasing an additional 5,401,334 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of B2Gold by 15.7% in the fourth quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company's stock valued at $50,448,000 after purchasing an additional 2,799,520 shares during the period. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Price Performance

Shares of BTG stock traded down $0.01 during trading hours on Tuesday, reaching $3.59. The company had a trading volume of 43,066,742 shares, compared to its average volume of 25,817,089. B2Gold Corp. has a 12-month low of $2.20 and a 12-month high of $3.66. 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 company has a market capitalization of $4.74 billion, a price-to-earnings ratio of -7.48, a PEG ratio of 0.33 and a beta of 0.43. The stock has a fifty day moving average of $3.11 and a 200-day moving average of $2.82.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. During the same quarter last year, the company earned $0.06 EPS. B2Gold's quarterly revenue was up 15.3% on a year-over-year basis. On average, equities analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold's dividend payout ratio is currently -17.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Wall Street Zen upgraded B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. CIBC lifted their price target on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Finally, TD Securities downgraded B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $4.21.

About B2Gold

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.