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

Mackenzie Financial Corp lowered its stake in shares of B2Gold Corp. (NYSEAMERICAN:BTG - Free Report) TSE: BTO by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,827,409 shares of the basic materials company's stock after selling 867,462 shares during the period. Mackenzie Financial Corp owned about 0.22% of B2Gold worth $8,945,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. C M Bidwell & Associates Ltd. acquired a new position in B2Gold during the third quarter worth about $35,000. Atria Wealth Solutions Inc. acquired a new position in B2Gold during the fourth quarter worth about $36,000. Beach Investment Counsel Inc. PA acquired a new position in B2Gold during the fourth quarter worth about $39,000. MML Investors Services LLC acquired a new position in B2Gold during the third quarter worth about $40,000. Finally, GTS Securities LLC acquired a new position in B2Gold during the second quarter worth about $48,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Trading Down 0.4 %

BTG traded down $0.01 during trading hours on Friday, hitting $2.60. 15,924,792 shares of the company's stock were exchanged, compared to its average volume of 15,163,941. B2Gold Corp. has a 12-month low of $2.34 and a 12-month high of $4.29. The stock's 50 day moving average price is $2.90. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 130.07, a P/E/G ratio of 1.77 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The firm had revenue of $511.97 million during the quarter, compared to analysts' expectations of $512.00 million. During the same period in the prior year, the company posted $0.15 earnings per share. The company's revenue for the quarter was down 13.6% on a year-over-year basis. As a group, research analysts expect that B2Gold Corp. will post 0.22 EPS for the current fiscal year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold's dividend payout ratio is presently 400.20%.

Analysts Set New Price Targets

Several research firms have weighed in on BTG. Royal Bank of Canada decreased their target price on shares of B2Gold from $4.00 to $3.50 and set a "sector perform" rating on the stock in a report on Thursday, March 28th. CIBC lowered shares of B2Gold from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $4.20 to $3.60 in a report on Thursday, January 25th. Finally, Jefferies Financial Group began coverage on shares of B2Gold in a report on Thursday, February 29th. They issued a "buy" rating and a $3.50 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, B2Gold currently has a consensus rating of "Moderate Buy" and an average target price of $5.10.

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.