B2Gold Corp (NYSE:BTG) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 9,556,396 shares, a decline of 73.9% from the September 15th total of 36,651,156 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 13,427,887 shares, the short-interest ratio is currently 0.7 days.

A number of institutional investors have recently modified their holdings of BTG. Schroder Investment Management Group acquired a new position in shares of B2Gold Corp during the second quarter worth approximately $2,188,000. I.G. Investment Management LTD. boosted 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 during the last quarter. TD Asset Management Inc. boosted 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 during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted 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 during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in shares of B2Gold Corp during the second quarter worth approximately $1,862,000.

Several equities analysts recently issued reports on BTG shares. TD Securities restated a “buy” rating and issued a $5.50 target price (up previously from $4.00) on shares of B2Gold Corp in a report on Wednesday, August 10th. Canaccord Genuity reiterated a “buy” rating and set a $5.25 price objective (up previously from $4.75) on shares of B2Gold Corp in a report on Monday, August 8th. Scotiabank reiterated an “outperform” rating and set a $3.25 price objective on shares of B2Gold Corp in a report on Friday, July 1st. National Bank Financial lowered shares of B2Gold Corp from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $3.85 to $4.20 in a report on Friday, July 15th. Finally, Dundee Securities upgraded shares of B2Gold Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, September 20th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $4.69.

B2Gold Corp (NYSE:BTG) traded down 4.35% during midday trading on Tuesday, hitting $2.20. 3,397,483 shares of the company were exchanged. B2Gold Corp has a 1-year low of $0.60 and a 1-year high of $3.65. The firm’s market capitalization is $2.07 billion. The stock has a 50 day moving average of $2.73 and a 200 day moving average of $2.46.

B2Gold Corp Company Profile

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