Mackenzie Financial Corp trimmed its position in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 50.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,627,525 shares of the basic materials company’s stock after selling 3,762,764 shares during the quarter. Mackenzie Financial Corp’s holdings in B2Gold were worth $10,592,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Highland Capital Management LLC bought a new stake in shares of B2Gold in the fourth quarter valued at about $44,000. Sigma Planning Corp bought a new stake in shares of B2Gold in the fourth quarter valued at about $50,000. HRT Financial LLC bought a new stake in shares of B2Gold in the third quarter valued at about $142,000. Virtu Financial LLC lifted its holdings in shares of B2Gold by 193.2% in the third quarter. Virtu Financial LLC now owns 110,647 shares of the basic materials company’s stock valued at $254,000 after purchasing an additional 72,908 shares in the last quarter. Finally, Signition LP acquired a new stake in shares of B2Gold in the third quarter valued at about $498,000.
NYSEAMERICAN:BTG opened at $3.18 on Thursday. B2Gold Corp. has a 52-week low of $2.10 and a 52-week high of $3.22.
Separately, Zacks Investment Research downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th.
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.
Further Reading: Float
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