Trade Report: Today, Short Interest in B2Gold Corp (BTG) Drops By 8.4%

Today, Short Interest in B2Gold Corp (BTG) Drops By 8.4%

B2Gold Corp (NYSE:BTG) (TSE:BTO) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 7,823,289 shares, a drop of 8.4% from the October 31st total of 8,539,932 shares. Based on an average daily volume of 6,370,519 shares, the short-interest ratio is currently 1.2 days. Approximately 0.9% of the company’s stock are sold short.

B2Gold Corp (NYSE:BTG) traded down 1.28% during midday trading on Friday, reaching $2.31. 1,240,433 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $2.59 and its 200-day moving average is $2.63. The stock’s market capitalization is $2.21 billion. B2Gold Corp has a 12-month low of $0.60 and a 12-month high of $3.65.

Institutional investors have recently modified their holdings of the company. Schroder Investment Management Group bought a new position in shares of B2Gold Corp during the second quarter worth approximately $2,188,000. I.G. Investment Management LTD. increased its position in shares of B2Gold Corp by 2.8% in the second quarter. I.G. Investment Management LTD. now owns 8,483,386 shares of the company’s stock worth $21,277,000 after buying an additional 234,402 shares in the last quarter. TD Asset Management Inc. increased its position in shares of B2Gold Corp by 50.3% in the second quarter. TD Asset Management Inc. now owns 9,434,900 shares of the company’s stock worth $23,538,000 after buying an additional 3,155,875 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of B2Gold Corp by 130.4% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,080,180 shares of the company’s stock worth $6,740,000 after buying an additional 1,177,270 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of B2Gold Corp during the second quarter worth approximately $1,862,000.

Several research firms have recently issued reports on BTG. TD Securities reiterated a “buy” rating and set a $5.50 target price on shares of B2Gold Corp in a report on Sunday, November 6th. Scotiabank reiterated an “outperform” rating and set a $4.75 target price on shares of B2Gold Corp in a report on Sunday, November 6th. Zacks Investment Research lowered shares of B2Gold Corp from a “buy” rating to a “hold” rating in a report on Monday, October 31st. Dundee Securities upgraded shares of B2Gold Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, September 20th. Finally, Raymond James Financial Inc. restated an “outperform” rating and issued a $5.00 price objective (up from $3.75) on shares of B2Gold Corp in a report on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. B2Gold Corp has a consensus rating of “Buy” and a consensus price target of $4.78.

B2Gold Corp Company Profile

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