Short Interest in B2Gold Corp. (NYSEAMERICAN:BTG) Decreases By 7.7%

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 12,100,000 shares, a decrease of 7.7% from the August 15th total of 13,110,000 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,340,000 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3.78.

B2Gold Price Performance

B2Gold stock traded up $0.04 during mid-day trading on Wednesday, hitting $3.33. The company’s stock had a trading volume of 3,658,151 shares, compared to its average volume of 11,799,249. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.46. The stock’s 50 day moving average is $2.72. The firm has a market cap of $4.35 billion, a P/E ratio of -109.63, a PEG ratio of 1.65 and a beta of 1.10.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released 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). The company had revenue of $492.57 million during the quarter. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. As a group, analysts forecast that B2Gold will post 0.26 EPS for the current year.

Institutional Investors Weigh In On B2Gold

Several institutional investors have recently made changes to their positions in BTG. Independent Wealth Network Inc. acquired a new stake in shares of B2Gold in the 1st quarter valued at $26,000. Castle Wealth Management LLC acquired a new stake in shares of B2Gold in the first quarter worth about $28,000. Stableford Capital II LLC bought a new stake in shares of B2Gold during the 1st quarter worth about $34,000. J.W. Cole Advisors Inc. acquired a new position in shares of B2Gold during the 1st quarter valued at about $35,000. Finally, Private Advisor Group LLC bought a new position in shares of B2Gold in the 4th quarter valued at approximately $38,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Company 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.