The Manufacturers Life Insurance Company Has $20.03 Million Holdings in B2Gold Corp. (NYSE:BTG)

The Manufacturers Life Insurance Company grew its stake in shares of B2Gold Corp. (NYSE:BTG - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,170,114 shares of the company's stock after purchasing an additional 468,786 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.62% of B2Gold worth $20,033,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new position in B2Gold in the 4th quarter worth approximately $29,000. Signaturefd LLC lifted its stake in shares of B2Gold by 176.1% in the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after purchasing an additional 8,250 shares during the last quarter. Carrera Capital Advisors acquired a new stake in shares of B2Gold in the fourth quarter worth about $39,000. HighTower Advisors LLC boosted its stake in shares of B2Gold by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock worth $41,000 after acquiring an additional 5,288 shares in the last quarter. Finally, FIL Ltd increased its holdings in shares of B2Gold by 37.5% during the 4th quarter. FIL Ltd now owns 38,047 shares of the company's stock valued at $93,000 after acquiring an additional 10,373 shares during the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Price Performance

NYSE:BTG traded up $0.15 on Tuesday, reaching $3.18. The stock had a trading volume of 47,434,403 shares, compared to its average volume of 22,701,835. B2Gold Corp. has a 1-year low of $2.20 and a 1-year high of $3.51. The stock has a fifty day moving average price of $2.99 and a 200-day moving average price of $2.81. 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 company has a market capitalization of $4.20 billion, a P/E ratio of -6.63, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.52%. B2Gold's dividend payout ratio is -16.67%.

Wall Street Analyst Weigh In

BTG has been the subject of a number of recent analyst reports. Raymond James reaffirmed an "outperform" rating and set a $4.50 target price on shares of B2Gold in a research report on Friday, April 4th. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. TD Securities lowered B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.