Short Interest in B2Gold Corp (NYSEAMERICAN:BTG) Rises By 46.4%

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 69,575,779 shares, a growth of 46.4% from the December 31st total of 47,511,286 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average daily trading volume, of 37,471,616 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 37,471,616 shares, the days-to-cover ratio is presently 1.9 days. Currently, 5.3% of the company’s stock are short sold.

Hedge Funds Weigh In On B2Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthfront Advisers LLC purchased a new stake in B2Gold during the fourth quarter valued at approximately $165,000. Pictet Asset Management Holding SA grew its position in shares of B2Gold by 3.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 251,813 shares of the basic materials company’s stock valued at $1,135,000 after acquiring an additional 9,340 shares during the period. UBS Group AG increased its stake in shares of B2Gold by 300.3% in the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock worth $16,139,000 after purchasing an additional 2,684,504 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of B2Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock worth $252,273,000 after purchasing an additional 1,018,157 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in B2Gold by 17.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 3,888 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Down 11.7%

B2Gold stock opened at $4.90 on Friday. B2Gold has a one year low of $2.38 and a one year high of $5.94. The stock has a fifty day moving average of $4.69 and a 200 day moving average of $4.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.46 and a current ratio of 1.03. The stock has a market cap of $6.57 billion, a PE ratio of 35.00 and a beta of 0.60.

Wall Street Analyst Weigh In

Separately, Scotiabank reaffirmed a “sector perform” rating on shares of B2Gold in a report on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.