Short Interest in B2Gold Corp (BTG) Drops By 3.6%
B2Gold Corp (NYSE:BTG) (TSE:BTO) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 16,347,852 shares, a decline of 3.6% from the April 28th total of 16,961,445 shares. Based on an average daily trading volume, of 5,985,872 shares, the short-interest ratio is currently 2.7 days. Currently, 1.8% of the shares of the company are short sold.
Shares of B2Gold Corp (NYSE:BTG) opened at 2.47 on Thursday. The stock’s 50 day moving average is $2.56 and its 200-day moving average is $2.72. B2Gold Corp has a 1-year low of $1.75 and a 1-year high of $3.65. The stock has a market cap of $2.41 billion and a PE ratio of 123.50.
A number of research firms have weighed in on BTG. Zacks Investment Research raised shares of B2Gold Corp from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Clarus Securities reaffirmed a “buy” rating on shares of B2Gold Corp in a report on Thursday, May 4th. Finally, Bank of America Corp began coverage on shares of B2Gold Corp in a report on Thursday, March 2nd. They issued a “buy” rating and a $4.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $4.81.
A number of institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in B2Gold Corp by 32.0% in the first quarter. Van ECK Associates Corp now owns 174,786,128 shares of the basic materials company’s stock valued at $494,778,000 after buying an additional 42,355,073 shares during the period. Norges Bank acquired a new position in B2Gold Corp during the fourth quarter valued at $16,721,000. Great West Life Assurance Co. Can increased its position in B2Gold Corp by 2,996.8% in the first quarter. Great West Life Assurance Co. Can now owns 5,706,269 shares of the basic materials company’s stock valued at $16,244,000 after buying an additional 5,522,008 shares during the period. Investec Asset Management LTD acquired a new position in B2Gold Corp during the fourth quarter valued at $11,519,000. Finally, Goldman Sachs Group Inc. increased its position in B2Gold Corp by 314.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,205,047 shares of the basic materials company’s stock valued at $9,070,000 after buying an additional 2,432,640 shares during the period.
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About B2Gold Corp
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