B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 4,690,624 shares, a drop of 14.0% from the December 14th total of 5,457,118 shares. Based on an average trading volume of 5,917,985 shares, the days-to-cover ratio is currently 0.8 days.
NYSEAMERICAN:BTG opened at $2.86 on Friday. B2Gold has a 52 week low of $2.10 and a 52 week high of $3.30.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $323.86 million for the quarter, compared to the consensus estimate of $323.48 million.
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B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.
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