B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 10,330,580 shares, a growth of 0.4% from the November 15th total of 10,291,765 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 2,564,005 shares, the short-interest ratio is currently 4.0 days.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of B2Gold by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 131,675 shares of the basic materials company’s stock worth $370,000 after acquiring an additional 954 shares in the last quarter. Legal & General Group Plc increased its position in B2Gold by 6.6% during the second quarter. Legal & General Group Plc now owns 107,607 shares of the basic materials company’s stock worth $302,000 after buying an additional 6,633 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in B2Gold by 18.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,650 shares of the basic materials company’s stock worth $199,000 after buying an additional 10,800 shares during the period. Virtu KCG Holdings LLC increased its position in B2Gold by 7.5% during the second quarter. Virtu KCG Holdings LLC now owns 189,212 shares of the basic materials company’s stock worth $532,000 after buying an additional 13,148 shares during the period. Finally, ARP Americas LLC increased its position in B2Gold by 63.7% during the third quarter. ARP Americas LLC now owns 69,666 shares of the basic materials company’s stock worth $192,000 after buying an additional 27,100 shares during the period.

Several equities research analysts have commented on the company. BidaskClub upgraded B2Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. National Bank Financial raised B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Monday, September 25th. ValuEngine raised B2Gold from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.63.

B2Gold (NYSEAMERICAN BTG) traded up $0.05 during midday trading on Monday, reaching $2.67. The company had a trading volume of 3,541,312 shares, compared to its average volume of 4,471,857. B2Gold has a 1 year low of $2.02 and a 1 year high of $3.55.

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B2Gold Company Profile

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