B2Gold Corp (NYSE:BTG) (TSE:BTO) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 11,131,925 shares, a growth of 20.4% from the August 15th total of 9,249,165 shares. Based on an average daily volume of 2,270,502 shares, the days-to-cover ratio is currently 4.9 days. Approximately 1.2% of the shares of the company are short sold.

A number of equities research analysts have issued reports on the company. ValuEngine upgraded B2Gold Corp from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of B2Gold Corp from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. National Bank Financial reaffirmed a “sector perform market weight” rating on shares of B2Gold Corp in a report on Monday, July 31st. Finally, Zacks Investment Research raised B2Gold Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $4.50.

B2Gold Corp (NYSE:BTG) opened at 2.71 on Friday. The firm has a 50-day moving average price of $2.60 and a 200 day moving average price of $2.69. B2Gold Corp has a 12 month low of $2.02 and a 12 month high of $3.55. The company has a market capitalization of $2.65 billion and a P/E ratio of 45.93.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in B2Gold Corp by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 131,675 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 954 shares during the last quarter. Legal & General Group Plc increased its stake in B2Gold Corp by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 107,607 shares of the basic materials company’s stock worth $302,000 after acquiring an additional 6,633 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in B2Gold Corp by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,650 shares of the basic materials company’s stock worth $199,000 after acquiring an additional 10,800 shares during the period. Virtu KCG Holdings LLC increased its stake in B2Gold Corp by 7.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 189,212 shares of the basic materials company’s stock worth $532,000 after acquiring an additional 13,148 shares during the period. Finally, Swiss National Bank increased its stake in B2Gold Corp by 2.1% during the 2nd quarter. Swiss National Bank now owns 1,621,529 shares of the basic materials company’s stock worth $4,565,000 after acquiring an additional 33,300 shares during the period.

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