B2Gold Corp. (NYSEAMERICAN:BTG) Short Interest Up 7.9% in October

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 22,040,000 shares, a growth of 7.9% from the September 30th total of 20,430,000 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 14,910,000 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC grew its position 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 acquiring an additional 6,174 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of B2Gold by 6.9% during the first quarter. SG Americas Securities LLC now owns 151,260 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 9,723 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of B2Gold during the first quarter valued at approximately $35,000. Maryland State Retirement & Pension System boosted its stake in shares of B2Gold by 1.7% during the first quarter. Maryland State Retirement & Pension System now owns 873,747 shares of the basic materials company’s stock valued at $2,322,000 after purchasing an additional 14,648 shares during the period. Finally, Primoris Wealth Advisors LLC purchased a new stake in shares of B2Gold during the first quarter valued at approximately $54,000. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Performance

BTG traded down $0.11 during mid-day trading on Thursday, reaching $3.32. 13,000,404 shares of the stock were exchanged, compared to its average volume of 12,547,319. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 1.97. The stock has a market capitalization of $4.34 billion, a PE ratio of -114.30, a PEG ratio of 1.65 and a beta of 1.10. The business has a 50 day moving average of $2.78. B2Gold has a 1 year low of $2.34 and a 1 year high of $3.50.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $492.57 million during the quarter. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. Sell-side analysts expect that B2Gold will post 0.26 EPS for the current fiscal 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.