B2Gold Corp (NYSE:BTG) (TSE:BTO) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 8,872,823 shares, a decrease of 6.1% from the July 14th total of 9,445,386 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,622,023 shares, the days-to-cover ratio is presently 3.4 days.

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its stake in shares of B2Gold Corp by 32.0% in the first quarter. Van ECK Associates Corp now owns 174,786,128 shares of the basic materials company’s stock worth $494,778,000 after buying an additional 42,355,073 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of B2Gold Corp by 5.7% in the first quarter. Vanguard Group Inc. now owns 18,536,977 shares of the basic materials company’s stock worth $52,459,000 after buying an additional 995,190 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of B2Gold Corp by 13.5% in the first quarter. Renaissance Technologies LLC now owns 11,332,097 shares of the basic materials company’s stock worth $32,076,000 after buying an additional 1,350,100 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of B2Gold Corp by 4.1% in the first quarter. TD Asset Management Inc. now owns 7,162,630 shares of the basic materials company’s stock worth $20,355,000 after buying an additional 281,016 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of B2Gold Corp during the fourth quarter worth about $16,721,000.

A number of equities research analysts recently commented on BTG shares. Zacks Investment Research lowered shares of B2Gold Corp from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Clarus Securities reiterated a “buy” rating on shares of B2Gold Corp in a report on Thursday, May 4th. ValuEngine lowered shares of B2Gold Corp from a “hold” rating to a “sell” rating in a report on Friday, July 7th. BidaskClub lowered shares of B2Gold Corp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, National Bank Financial restated a “sector perform market weight” rating on shares of B2Gold Corp in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $4.50.

B2Gold Corp (NYSE BTG) opened at 2.47 on Thursday. The firm has a 50-day moving average of $2.71 and a 200 day moving average of $2.80. B2Gold Corp has a one year low of $2.02 and a one year high of $3.65. The company has a market capitalization of $2.41 billion and a price-to-earnings ratio of 123.50.

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