B2Gold Corp. (NYSEAMERICAN:BTG) Short Interest Update

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 22,040,000 shares, a growth of 7.9% from the September 30th total of 20,430,000 shares. Based on an average trading volume of 14,910,000 shares, the short-interest ratio is presently 1.5 days. Currently, 1.7% of the company’s stock are sold short.

Institutional Investors Weigh In On B2Gold

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of B2Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 49,399,970 shares of the basic materials company’s stock worth $156,104,000 after acquiring an additional 856,269 shares during the period. Quantbot Technologies LP lifted its holdings in shares of B2Gold by 321.4% in the first quarter. Quantbot Technologies LP now owns 595,830 shares of the basic materials company’s stock worth $1,555,000 after buying an additional 454,431 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in B2Gold by 187.2% in the 1st quarter. BNP Paribas Financial Markets now owns 46,765 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 30,484 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of B2Gold in the first quarter worth $1,041,000. Finally, Headlands Technologies LLC raised its position in shares of B2Gold by 31.5% in the first quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock worth $67,000 after buying an additional 6,174 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Performance

B2Gold stock opened at $3.31 on Friday. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $3.50. The stock’s 50-day moving average price is $2.78. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.33 billion, a PE ratio of -110.30, a PEG ratio of 1.65 and a beta of 1.10.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced 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 business had revenue of $492.57 million for the quarter. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. As a group, analysts predict 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.