B2Gold Corp. (NYSEAMERICAN:BTG) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. increased its stake in B2Gold Corp. (NYSEAMERICAN:BTG - Free Report) TSE: BTO by 22.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,747,050 shares of the basic materials company's stock after buying an additional 2,496,820 shares during the period. B2Gold accounts for about 1.8% of Intact Investment Management Inc.'s holdings, making the stock its 17th largest holding. Intact Investment Management Inc. owned 1.06% of B2Gold worth $43,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of B2Gold in the 4th quarter worth approximately $62,000. Hussman Strategic Advisors Inc. boosted its stake in B2Gold by 11.1% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 1,000,000 shares of the basic materials company's stock valued at $3,160,000 after purchasing an additional 100,000 shares during the last quarter. HTLF Bank purchased a new stake in B2Gold during the 4th quarter valued at $175,000. Kellett Wealth Advisors LLC purchased a new stake in B2Gold during the 4th quarter valued at $40,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in B2Gold by 16.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 286,577 shares of the basic materials company's stock valued at $911,000 after purchasing an additional 40,586 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company's stock.

Analyst Upgrades and Downgrades

BTG has been the topic of several recent analyst reports. Royal Bank of Canada cut their target price on B2Gold from $4.00 to $3.50 and set a "sector perform" rating on the stock in a research note on Thursday, March 28th. CIBC cut B2Gold from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $4.20 to $3.60 in a report on Thursday, January 25th. Finally, Jefferies Financial Group started coverage on B2Gold in a report on Thursday, February 29th. They set a "buy" rating and a $3.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $5.10.

B2Gold Stock Up 1.6 %

NYSEAMERICAN:BTG traded up $0.04 on Friday, reaching $2.62. 10,002,389 shares of the company's stock traded hands, compared to its average volume of 16,485,733. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27. The stock's 50-day moving average is $2.88. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 131.07, a PEG ratio of 1.56 and a beta of 1.09. B2Gold Corp. has a 12 month low of $2.34 and a 12 month high of $4.29.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The firm had revenue of $511.97 million for the quarter, compared to analysts' expectations of $512.00 million. B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The company's revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. On average, equities analysts anticipate that B2Gold Corp. will post 0.25 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 annualized dividend and a dividend yield of 6.11%. B2Gold's dividend payout ratio (DPR) is presently 400.20%.

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.