B2Gold Corp. (NYSEAMERICAN:BTG – Get Free Report) (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.
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.
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