Short Interest in B2Gold Corp. (NYSEAMERICAN:BTG) Drops By 29.0%

B2Gold Corp. (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 4,690,000 shares, a decline of 29.0% from the March 31st total of 6,610,000 shares. Based on an average daily volume of 11,900,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the company’s shares are sold short.

Several institutional investors and hedge funds have recently modified their holdings of BTG. Amundi Pioneer Asset Management Inc. lifted its position in B2Gold by 32.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,363,967 shares of the basic materials company’s stock valued at $12,263,000 after acquiring an additional 1,077,927 shares in the last quarter. Morgan Stanley lifted its position in B2Gold by 0.7% in the 2nd quarter. Morgan Stanley now owns 5,003,288 shares of the basic materials company’s stock valued at $21,064,000 after acquiring an additional 34,992 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in B2Gold by 44.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 50,776 shares of the basic materials company’s stock valued at $173,000 after acquiring an additional 15,675 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in B2Gold in the 3rd quarter valued at approximately $72,000. Finally, SG Americas Securities LLC lifted its position in B2Gold by 42.0% in the 3rd quarter. SG Americas Securities LLC now owns 37,100 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 10,977 shares in the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on B2Gold from C$9.50 to C$9.00 in a report on Thursday, January 20th. BMO Capital Markets cut their price objective on B2Gold from C$8.00 to C$7.00 in a research report on Thursday, January 20th. Canaccord Genuity Group cut their price objective on B2Gold from C$8.50 to C$8.00 in a research report on Thursday, January 27th. National Bank Financial lifted their price objective on B2Gold from C$7.75 to C$8.50 in a research report on Wednesday, April 20th. Finally, Scotiabank lifted their price objective on B2Gold from C$8.00 to C$8.25 in a research report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $7.22.

Shares of BTG traded down $0.11 during mid-day trading on Monday, reaching $4.14. The company had a trading volume of 1,324,391 shares, compared to its average volume of 11,527,216. The company has a quick ratio of 3.54, a current ratio of 4.89 and a debt-to-equity ratio of 0.02. B2Gold has a 52 week low of $3.30 and a 52 week high of $5.37. The stock has a market cap of $4.37 billion, a P/E ratio of 9.65 and a beta of 1.01.

B2Gold (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) last issued its quarterly earnings results on Tuesday, February 22nd. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). B2Gold had a return on equity of 15.30% and a net margin of 26.32%. The company had revenue of $526.11 million during the quarter, compared to the consensus estimate of $520.00 million. On average, equities analysts anticipate that B2Gold will post 0.4 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 17th. Stockholders of record on Wednesday, March 9th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.86%. B2Gold’s dividend payout ratio is currently 37.21%.

B2Gold Company Profile (Get Rating)

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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