Lingohr Asset Management GmbH Has $829,000 Holdings in B2Gold Corp. (NYSE:BTG)

Lingohr Asset Management GmbH trimmed its holdings in B2Gold Corp. (NYSE:BTG) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,774 shares of the company’s stock after selling 5,340 shares during the period. B2Gold accounts for 2.0% of Lingohr Asset Management GmbH’s holdings, making the stock its 19th largest position. Lingohr Asset Management GmbH’s holdings in B2Gold were worth $829,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp lifted its position in shares of B2Gold by 40.6% during the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after acquiring an additional 47,967,010 shares during the period. Bank of Montreal Can increased its holdings in B2Gold by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock valued at $34,824,000 after buying an additional 282,070 shares during the period. American Century Companies Inc. raised its position in shares of B2Gold by 39.4% in the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock valued at $33,053,000 after buying an additional 3,474,553 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of B2Gold by 80.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after acquiring an additional 3,311,970 shares during the period. Finally, Equinox Partners Investment Management LLC increased its stake in B2Gold by 31.6% in the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after acquiring an additional 1,450,000 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BTG. Scotiabank cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. CIBC upped their price objective on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Jefferies Financial Group lifted their target price on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.12.

B2Gold Stock Up 4.7 %

NYSE BTG opened at $2.81 on Tuesday. B2Gold Corp. has a twelve month low of $2.34 and a twelve month high of $3.50. The firm’s fifty day moving average price is $3.16. 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 firm has a market cap of $3.68 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The business had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. B2Gold’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. On average, research analysts anticipate that B2Gold Corp. will post 0.23 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s dividend payout ratio is presently -28.57%.

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.