B2Gold Corp. (NYSEAMERICAN:BTG) Short Interest Down 7.7% in August

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 12,100,000 shares, a decrease of 7.7% from the August 15th total of 13,110,000 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,340,000 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On B2Gold

Several hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC bought a new position in B2Gold in the fourth quarter worth $38,000. Dimensional Fund Advisors LP lifted its holdings in shares of B2Gold by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 22,912,152 shares of the basic materials company’s stock worth $72,403,000 after acquiring an additional 1,178,984 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of B2Gold by 64.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 95,890 shares of the basic materials company’s stock valued at $303,000 after acquiring an additional 37,465 shares in the last quarter. Norges Bank bought a new stake in B2Gold in the fourth quarter valued at about $50,125,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in B2Gold in the fourth quarter worth about $233,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Stock Performance

Shares of BTG traded up $0.04 during mid-day trading on Wednesday, hitting $3.33. The company’s stock had a trading volume of 3,658,151 shares, compared to its average volume of 11,799,249. The business has a 50-day moving average of $2.72. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of -109.63, a PEG ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 1.97. B2Gold has a one year low of $2.34 and a one year high of $3.46.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $492.57 million during the quarter. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. Analysts expect that B2Gold will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, B2Gold presently has an average rating of “Moderate Buy” and a consensus price target of $3.78.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.