Short Interest in B2Gold Corp. (NYSEAMERICAN:BTG) Rises By 5.8%

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 12,800,000 shares, a growth of 5.8% from the August 31st total of 12,100,000 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 13,550,000 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Independent Wealth Network Inc. purchased a new position in shares of B2Gold in the 1st quarter worth $26,000. Castle Wealth Management LLC purchased a new position in shares of B2Gold in the 1st quarter worth $28,000. Stableford Capital II LLC purchased a new position in shares of B2Gold in the 1st quarter worth $34,000. J.W. Cole Advisors Inc. bought a new position in B2Gold in the 1st quarter worth $35,000. Finally, Primoris Wealth Advisors LLC bought a new position in B2Gold in the 1st quarter worth $54,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Performance

Shares of B2Gold stock opened at $3.14 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 1.97. The stock has a market capitalization of $4.11 billion, a PE ratio of -104.63, a PEG ratio of 1.65 and a beta of 1.10. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.46. The business has a 50-day moving average price of $2.73.

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

About B2Gold

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.