B2Gold Corp. (NYSEAMERICAN:BTG) Sees Significant Increase in Short Interest

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a large growth in short interest during the month of 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 shares are short sold. Based on an average daily volume of 13,550,000 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On B2Gold

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of B2Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 49,399,970 shares of the basic materials company’s stock worth $156,104,000 after purchasing an additional 856,269 shares during the last quarter. First Eagle Investment Management LLC boosted its position in B2Gold by 142.9% in the 1st quarter. First Eagle Investment Management LLC now owns 27,216,340 shares of the basic materials company’s stock valued at $71,360,000 after buying an additional 16,011,832 shares during the period. Sprott Inc. grew its stake in B2Gold by 99.1% in the 4th quarter. Sprott Inc. now owns 6,382,409 shares of the basic materials company’s stock worth $20,170,000 after acquiring an additional 3,177,274 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of B2Gold by 19.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,915,669 shares of the basic materials company’s stock valued at $12,402,000 after acquiring an additional 639,112 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of B2Gold by 2.8% during the 4th quarter. CIBC Asset Management Inc now owns 3,056,873 shares of the basic materials company’s stock worth $9,697,000 after buying an additional 84,164 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Performance

NYSEAMERICAN BTG opened at $3.14 on Tuesday. The firm’s 50 day moving average is $2.73. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $3.46. The company has a market cap of $4.11 billion, a P/E ratio of -102.63, a P/E/G ratio of 1.65 and a beta of 1.10. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data 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). B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. The firm had revenue of $492.57 million for the quarter. As a group, equities analysts predict that B2Gold will post 0.26 EPS for the current year.

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.