B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 11,988,743 shares, an increase of 19.3% from the January 12th total of 10,045,383 shares. Based on an average trading volume of 5,824,226 shares, the short-interest ratio is presently 2.1 days. Currently, 1.3% of the shares of the stock are sold short.
BTG has been the subject of several recent research reports. BidaskClub lowered shares of B2Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.63.
A number of hedge funds have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. lifted its stake in B2Gold by 5.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,167,751 shares of the basic materials company’s stock valued at $3,616,000 after purchasing an additional 65,106 shares during the last quarter. Schroder Investment Management Group acquired a new stake in B2Gold during the fourth quarter valued at approximately $1,339,000. Point View Wealth Management Inc. acquired a new stake in B2Gold during the fourth quarter valued at approximately $100,000. Global X Management Co. LLC lifted its stake in B2Gold by 9.9% during the fourth quarter. Global X Management Co. LLC now owns 791,520 shares of the basic materials company’s stock valued at $2,451,000 after purchasing an additional 71,336 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in B2Gold by 39.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,138,712 shares of the basic materials company’s stock valued at $3,530,000 after purchasing an additional 320,586 shares during the last quarter.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Tuesday, November 7th. The basic materials company reported $0.01 EPS for the quarter.
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B2Gold Corp. (B2Gold) is a Canada-based gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. Its material mineral properties consist of three mines and one mine under construction: Otjikoto mine, an open pit gold mine located approximately 300 kilometers north of Windhoek, the capital of Namibia (Otjikoto Mine); Masbate mine, an open pit gold mine, located near the northern tip of the island of Masbate, over 360 kilometers south-east of Manila (Masbate Gold Project); La Libertad mine, an open pit gold mine located over 110 kilometers due east of Managua and 32 kilometers northeast of Juigalpa, Nicaragua (La Libertad Mine), and Fekola gold project, an open pit gold mine under construction located approximately 40 kilometers south of the city of Kenieba, Mali (Fekola Project).
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