B2Gold Corp (NYSE:BTG) (TSE:BTO) saw a significant decline in short interest in October. As of October 13th, there was short interest totalling 11,592,476 shares, a decline of 2.0% from the September 29th total of 11,831,358 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 2,847,664 shares, the days-to-cover ratio is currently 4.1 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Shell Asset Management Co. grew its holdings in B2Gold Corp by 64.8% during the 3rd quarter. Shell Asset Management Co. now owns 154,197 shares of the basic materials company’s stock valued at $352,000 after buying an additional 60,657 shares in the last quarter. Toronto Dominion Bank grew its holdings in B2Gold Corp by 412.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,172,378 shares of the basic materials company’s stock valued at $3,300,000 after buying an additional 943,534 shares in the last quarter. Scotia Capital Inc. grew its holdings in B2Gold Corp by 179.1% during the 2nd quarter. Scotia Capital Inc. now owns 292,997 shares of the basic materials company’s stock valued at $820,000 after buying an additional 188,013 shares in the last quarter. Bank of Nova Scotia grew its holdings in B2Gold Corp by 106.3% during the 2nd quarter. Bank of Nova Scotia now owns 273,239 shares of the basic materials company’s stock valued at $769,000 after buying an additional 140,776 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in B2Gold Corp during the 2nd quarter valued at approximately $112,000.

Shares of B2Gold Corp (NYSE:BTG) opened at 2.51 on Wednesday. The company has a 50-day moving average price of $2.73 and a 200-day moving average price of $2.64. B2Gold Corp has a 52-week low of $2.02 and a 52-week high of $3.55. The company has a market cap of $2.46 billion and a P/E ratio of 42.54.

BTG has been the subject of several recent analyst reports. Zacks Investment Research raised B2Gold Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine raised B2Gold Corp from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered B2Gold Corp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, National Bank Financial raised B2Gold Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $4.38.

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About B2Gold Corp

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