B2Gold Corp. (BTG) Shares Bought by Connor Clark & Lunn Investment Management Ltd.
Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 12.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,301,123 shares of the basic materials company’s stock after purchasing an additional 1,143,479 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in B2Gold were worth $28,838,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC bought a new stake in shares of B2Gold during the 4th quarter valued at $44,000. Sigma Planning Corp bought a new stake in shares of B2Gold during the 4th quarter valued at $50,000. Beutel Goodman & Co Ltd. bought a new stake in shares of B2Gold during the 1st quarter valued at $56,000. Hsbc Holdings PLC bought a new stake in shares of B2Gold during the 4th quarter valued at $95,000. Finally, SG Americas Securities LLC bought a new stake in shares of B2Gold during the 1st quarter valued at $124,000.
A number of brokerages have recently commented on BTG. Zacks Investment Research cut shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, May 17th. TheStreet cut shares of B2Gold from a “b-” rating to a “c+” rating in a report on Tuesday, April 2nd. Finally, Canaccord Genuity began coverage on shares of B2Gold in a report on Wednesday, April 24th. They set a “buy” rating on the stock.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $301.66 million during the quarter, compared to the consensus estimate of $299.67 million.
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B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.
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