B2Gold Corp (NYSE:BTG) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 24,315,005 shares, a decline of 6.1% from the December 31st total of 25,892,441 shares, AnalystRatings.NET reports. Based on an average daily volume of 2,244,684 shares, the days-to-cover ratio is presently 10.8 days. Currently, 2.7% of the shares of the company are short sold.

Shares of B2Gold Corp (NYSE:BTG) traded up 4.6848% during midday trading on Wednesday, reaching $0.7374. The company’s stock had a trading volume of 1,305,023 shares. The company’s market capitalization is $683.35 million. B2Gold Corp has a 1-year low of $0.60 and a 1-year high of $2.08. The stock has a 50 day moving average of $0.96 and a 200-day moving average of $1.12.

A hedge fund recently raised its stake in B2Gold Corp stock. CIBC World Markets boosted its position in shares of B2Gold Corp (NYSE:BTG) by 263.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,685,714 shares of the company’s stock after buying an additional 1,222,273 shares during the period. CIBC World Markets’ holdings in B2Gold Corp were worth $1,719,000 at the end of the most recent quarter.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered B2Gold Corp from a “hold” rating to a “sell” rating in a report on Monday, January 18th. RBC Capital reaffirmed an “outperform” rating on shares of B2Gold Corp in a report on Tuesday, December 15th.

B2Gold Corp. (NYSE:BTG) is a gold producer with three operating mines (two in Nicaragua and one in the Philippines), a fourth mine which entered into the commissioning and testing phase in Namibia and a portfolio of development and exploration assets in Mali, Colombia, Burkina Faso and Nicaragua. The Company operates the Libertad Mine and the Limon Mine in Nicaragua, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia. The Company has an effective 81% interest in the Kiaka gold project in Burkina Faso, a 49% interest in the Gramalote property in Colombia, and an interest in the Quebradona property in Colombia. In addition, B2Gold has 90% interest in the Fekola Project in Mali. Its subsidiaries include Philippines Gold Processing & Refining Corporation, Desarrollo Minero de Nicaragua, S.A., Triton Minera S.A., B2Gold Namibia (Pty) Ltd., Songhoi Resources SARL, Kiaka Gold SARL, Mocoa Ventures Ltd. and Minesa Nueva Esperanza S.A.

12 Month Chart for NYSE:BTG

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