B2Gold Corp. (NYSEAMERICAN:BTG) Short Interest Update

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

B2Gold Stock Performance

B2Gold stock opened at $3.31 on Friday. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $3.50. The firm’s fifty day moving average is $2.78. The stock has a market cap of $4.33 billion, a PE ratio of -110.30, a P/E/G ratio of 1.65 and a beta of 1.10. 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 (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. On average, analysts predict that B2Gold will post 0.26 earnings per share for the current year.

Institutional Trading of B2Gold

Several hedge funds and other institutional investors have recently bought and sold shares of BTG. J.W. Cole Advisors Inc. bought a new position in shares of B2Gold during the first quarter valued at about $35,000. Primoris Wealth Advisors LLC bought a new position in B2Gold during the 1st quarter worth approximately $54,000. Headlands Technologies LLC increased its stake in B2Gold by 31.5% in the 1st quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 6,174 shares during the period. Oxbow Advisors LLC bought a new stake in B2Gold in the first quarter valued at approximately $103,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of B2Gold by 187.2% during the first quarter. BNP Paribas Financial Markets now owns 46,765 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 30,484 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

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.