B2Gold Corp. (NYSEAMERICAN:BTG) Short Interest Update

B2Gold Corp. (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 22,040,000 shares, an increase of 7.9% from the September 30th total of 20,430,000 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,910,000 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On B2Gold

Several large investors have recently bought and sold shares of the company. Headlands Technologies LLC raised its position in B2Gold by 31.5% in the first quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 6,174 shares during the last quarter. SG Americas Securities LLC raised its position in B2Gold by 6.9% in the first quarter. SG Americas Securities LLC now owns 151,260 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 9,723 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in B2Gold in the first quarter valued at about $35,000. Maryland State Retirement & Pension System increased its stake in shares of B2Gold by 1.7% in the first quarter. Maryland State Retirement & Pension System now owns 873,747 shares of the basic materials company’s stock valued at $2,322,000 after buying an additional 14,648 shares during the period. Finally, Primoris Wealth Advisors LLC acquired a new stake in shares of B2Gold in the first quarter valued at about $54,000. 61.40% of the stock is currently owned by institutional investors.

B2Gold Price Performance

Shares of BTG stock traded down $0.11 on Thursday, hitting $3.32. 15,181,173 shares of the company’s stock were exchanged, compared to its average volume of 12,557,654. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.99. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.50. The company has a market capitalization of $4.34 billion, a PE ratio of -110.63, a P/E/G ratio of 1.65 and a beta of 1.10. The stock’s 50 day moving average is $2.78.

B2Gold (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. The business had revenue of $492.57 million for the quarter. Sell-side analysts predict that B2Gold will post 0.26 EPS for the current fiscal year.

About B2Gold

(Get Free Report)

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.

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