B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 16,796,751 shares, a growth of 18.9% from the February 15th total of 14,130,086 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 4,208,113 shares, the days-to-cover ratio is currently 4.0 days.
Shares of NYSEAMERICAN BTG traded up $0.05 during trading hours on Monday, hitting $2.73. The company had a trading volume of 3,062,800 shares, compared to its average volume of 5,049,126. B2Gold has a 1-year low of $2.15 and a 1-year high of $3.30.
Separately, Zacks Investment Research raised shares of B2Gold from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a report on Wednesday, March 14th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $3.25.
A number of institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new stake in B2Gold during the 4th quarter valued at $425,000. Two Sigma Investments LP bought a new position in B2Gold during the 4th quarter worth $2,136,000. Two Sigma Advisers LP bought a new position in B2Gold during the 4th quarter worth $396,000. Renaissance Technologies LLC increased its position in B2Gold by 7.3% during the 4th quarter. Renaissance Technologies LLC now owns 11,430,397 shares of the basic materials company’s stock worth $35,433,000 after buying an additional 779,900 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new position in B2Gold during the 4th quarter worth $10,529,000.
B2Gold Company Profile
B2Gold Corp. (B2Gold) is a Canada-based gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. Its material mineral properties consist of three mines and one mine under construction: Otjikoto mine, an open pit gold mine located approximately 300 kilometers north of Windhoek, the capital of Namibia (Otjikoto Mine); Masbate mine, an open pit gold mine, located near the northern tip of the island of Masbate, over 360 kilometers south-east of Manila (Masbate Gold Project); La Libertad mine, an open pit gold mine located over 110 kilometers due east of Managua and 32 kilometers northeast of Juigalpa, Nicaragua (La Libertad Mine), and Fekola gold project, an open pit gold mine under construction located approximately 40 kilometers south of the city of Kenieba, Mali (Fekola Project).
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