B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 13,288,203 shares, a decrease of 15.0% from the April 30th total of 15,633,234 shares. Based on an average trading volume of 2,369,405 shares, the short-interest ratio is currently 5.6 days. Currently, 1.5% of the shares of the stock are sold short.
Institutional investors and hedge funds have recently made changes to their positions in the business. Point View Wealth Management Inc. bought a new position in B2Gold in the 4th quarter valued at $100,000. Quantitative Systematic Strategies LLC bought a new position in B2Gold in the 4th quarter valued at $117,000. Two Sigma Advisers LP bought a new position in B2Gold in the 4th quarter valued at $396,000. Two Sigma Securities LLC bought a new position in B2Gold in the 4th quarter valued at $425,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in B2Gold by 202.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 213,337 shares of the basic materials company’s stock valued at $655,000 after buying an additional 142,687 shares during the last quarter.
Shares of B2Gold opened at $2.66 on Friday, according to MarketBeat Ratings. B2Gold has a 52 week low of $2.31 and a 52 week high of $3.30.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Wednesday, May 9th. The basic materials company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The business had revenue of $344.30 million during the quarter, compared to analysts’ expectations of $293.07 million. The business’s revenue was up 135.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS.
Separately, Zacks Investment Research lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, March 16th.
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.
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