B2Gold Corp. (NYSEAMERICAN:BTG) Short Interest Update

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 17,740,000 shares, a growth of 12.9% from the May 31st total of 15,710,000 shares. Based on an average daily trading volume, of 12,400,000 shares, the short-interest ratio is currently 1.4 days. Currently, 1.4% of the shares of the company are short sold.

B2Gold Stock Up 0.4 %

BTG stock opened at $2.70 on Wednesday. The stock has a market capitalization of $3.53 billion, a PE ratio of -89.97, a P/E/G ratio of 1.65 and a beta of 1.10. The stock’s 50-day moving average is $2.79. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.83.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $461.40 million for the quarter, compared to analyst estimates of $453.81 million. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. B2Gold’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 earnings per share. On average, analysts expect that B2Gold will post 0.26 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Tuesday, June 11th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 5.93%. B2Gold’s payout ratio is presently -533.16%.

Hedge Funds Weigh In On B2Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Nova Scotia boosted its position in B2Gold by 4.7% during the third quarter. Bank of Nova Scotia now owns 92,937 shares of the basic materials company’s stock worth $267,000 after acquiring an additional 4,155 shares during the last quarter. Seven Mile Advisory boosted its holdings in B2Gold by 25.2% in the 4th quarter. Seven Mile Advisory now owns 20,731 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 4,173 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in B2Gold by 1.3% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 425,511 shares of the basic materials company’s stock valued at $1,346,000 after purchasing an additional 5,511 shares during the last quarter. Headlands Technologies LLC boosted its holdings in B2Gold by 31.5% in the 1st quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 6,174 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in B2Gold by 6.9% in the 1st quarter. SG Americas Securities LLC now owns 151,260 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 9,723 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BTG. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Royal Bank of Canada cut their target price on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.57.

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.