B2Gold Corp. (NYSEAMERICAN:BTG) Sees Large Growth in Short Interest

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the recipient 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. Based on an average trading volume of 13,550,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its stake in shares of B2Gold by 142.9% in the first quarter. First Eagle Investment Management LLC now owns 27,216,340 shares of the basic materials company’s stock worth $71,360,000 after buying an additional 16,011,832 shares during the period. Headlands Technologies LLC lifted its holdings in B2Gold by 31.5% during the first 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 in the last quarter. Primoris Wealth Advisors LLC bought a new position in shares of B2Gold in the first quarter worth approximately $54,000. SG Americas Securities LLC increased its stake in shares of B2Gold by 6.9% in the first quarter. SG Americas Securities LLC now owns 151,260 shares of the basic materials company’s stock worth $395,000 after purchasing an additional 9,723 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of B2Gold by 321.4% during the 1st quarter. Quantbot Technologies LP now owns 595,830 shares of the basic materials company’s stock valued at $1,555,000 after purchasing an additional 454,431 shares during the period. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Performance

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

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm 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%. On average, equities research analysts predict that B2Gold will post 0.26 EPS for the current 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.