BTG

B2gold Corp

5.27

Nov 05 • 3:59 PM ET +0.16 (3.13%)

5.15

Aftermarket • 7:56 PM ET -0.12 (-2.28%)

Basic Materials Gold Canada Mid AMEX

Nov 04, 6:40 PMB2Gold beats Q3 estimates with adjusted EPS $0.14 vs $0.09 consensus and revenue $836.5M, cuts full-year all-in sustaining cost guidance

Peers: IAG OGC AAUC EGO EQX SSRM KGC AU GFI AUGO

| Held by: GDX GDXJ DISV DFIC DFIS DFAI DFAX FTLS IGE CVY

Scroll to Statements

Index	-
Market Cap	6.96B
Enterprise Value	7.16B
Income	807.17M
Sales	3.78B
Book/sh	3.01
Cash/sh	0.22
Dividend Est.	0.08 (1.52%)
Dividend TTM	0.08 (1.52%)
Dividend Ex-Date	Sep 10, 2026
Dividend Gr. 3/5Y	-20.63% -6.17%
Payout	26.37%
Employees	6327
IPO	Feb 11, 2008

P/E	9.64
Forward P/E	5.93
PEG	0.17
P/S	1.84
P/B	1.75
P/C	24.01
P/FCF	42.70
EV/EBITDA	3.16
EV/Sales	1.89
Quick Ratio	0.58
Current Ratio	1.58
Debt/Eq	0.11
LT Debt/Eq	0.11
Option/Short	Yes / Yes

EPS (ttm)	0.55
EPS next Y	0.89
EPS next Q	0.17
EPS this Y	24.58%
EPS next Y	55.18%
EPS next 5Y	34.94%
EPS past 3/5Y	8.47% -12.82%
Sales past 3/5Y	20.89% 11.34%
EPS Y/Y TTM	282.14%
Sales Y/Y TTM	74.23%
EPS Q/Q	173.11%
Sales Q/Q	14.03%
Earnings	Nov 04 AMC
EPS/Sales Surpr.	16.38% 1.61%

Insider Own	0.85%
Insider Trans	0.00%
Inst Own	66.43%
Inst Trans	1.30%
ROA	14.60%
ROE	22.29%
ROIC	18.36%
Gross Margin	49.13%
Oper. Margin	45.95%
Profit Margin	21.33%
SMA20	4.50%
SMA50	0.68%
SMA200	9.02%
Trades

Shs Outstand	1.32B
Shs Float	1.31B
Short Float	5.13%
Short Ratio	2.68
Short Interest	67.24M
52W High	6.28 -16.15%
52W Low	3.57 47.62%
Volatility	5.00% 3.97%
ATR (14)	0.25
RSI (14)	55.16
Beta	0.66
Rel Volume	1.57
Avg Volume	25.13M
Volume	39,509,709

Perf Week	5.61%
Perf Month	5.40%
Perf Quarter	4.77%
Perf Half Y	6.46%
Perf YTD	16.85%
Perf Year	30.77%
Perf 3Y	57.31%
Perf 5Y	20.59%
Perf 10Y	82.35%
Recom	1.43
Target Price	6.96
Prev Close	5.11
Price	5.27
Change %	3.13%

Consensus

Strong Buy

Avg. Price Target

$6.96

Implied Upside

+32.1%

Analysts10incl. previous ratings

Rating Distribution6 Buy · 2 Hold · 2 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Aug 10, 2026	Upgrade	BScotiabank	Sector Perform → Sector Outperform
Jun 30, 2025	Resumed	RRaymond James	Outperform	$4.50	-14.6%
Feb 04, 2025	Downgrade	TTD Securities	Buy → Hold
Jan 14, 2025	Downgrade	BBofA Securities	Buy → Underperform
Feb 29, 2024	Initiated	JJefferies	Buy	$3.50	-33.6%
Sep 12, 2023	Resumed	RRBC Capital Mkts	Sector Perform	$4.25	-19.4%
Apr 20, 2023	Resumed	BBMO Capital Markets	Outperform
Dec 10, 2021	Downgrade	JJP Morgan	Neutral → Underweight	$5	-5.1%
Feb 10, 2021	Resumed	JJP Morgan	Neutral
Aug 19, 2020	Downgrade	RRBC Capital Mkts	Outperform → Sector Perform
Dec 05, 2019	Resumed	RRBC Capital Mkts	Outperform
Apr 24, 2019	Initiated	CCanaccord Genuity	Buy
Mar 02, 2017	Resumed	BBofA/Merrill	Buy
Mar 18, 2016	Reiterated	RRBC Capital Mkts	Outperform	$2 → $2.50	-52.6%

Nov-05-26 04:17PM	B2Gold Beats On Spot-Price Leverage And Cuts Cost Guidance Again, But Lower Volumes Keep Earnings Flat (Earnings Whispers)
Nov-04-26 05:47PM	B2Gold: Q3 Earnings Snapshot (Associated Press) +8.72%
05:06PM	B2Gold Reports Q3 2026 Results - Lowers Annual All-In Sustaining Cost Guidance and Remains On-Track to Achieve Production Guidance (GlobeNewswire)
Oct-27-26 03:35PM	B2Gold Must Show Goose Recovery And First Fekola Regional Ounces After Permit Breakthrough (Earnings Whispers)
Oct-14-26 05:30PM	B2Gold Third Quarter 2026 Results - Conference Call Details (GlobeNewswire)
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Sep-29-26 09:12AM	Tanzania Gold Exports Climb 37% as East African Mine Builds Advance (PR Newswire)
Sep-28-26 07:00AM	B2Gold Provides Operations Update for the Goose Mine and Announces Drill Results at the Back River Gold District (GlobeNewswire)
Sep-10-26 08:45AM	Mines Do Not Usually Fail on Geology. They Stall on Land Access (PR Newswire)
07:13AM	B2Gold Corp's Dividend Analysis (GuruFocus.com)
Sep-03-26 09:08AM	Gold Forecast to Reach $4,900 an Ounce as Central Bank Buying Holds (PR Newswire) +5.18%
Aug-28-26 04:32PM	B2Gold Reports Fatality at the Masbate Gold Project (GlobeNewswire)
Aug-10-26 04:49AM	B2Gold secures exploitation permit for Fekola Regional in Mali (Mining Technology)
Aug-07-26 07:01PM	B2Gold Corp (BTG) (Q2 2026) Earnings Call Highlights: Fekola Regional Permit Secured, Guidance ... (GuruFocus.com) +22.98%
11:03AM	B2Gold Granted Fekola Regional Exploitation Permit by the State of Mali (GlobeNewswire)
Aug-06-26 05:53PM	B2Gold: Q2 Earnings Snapshot (Associated Press)
05:45PM	Loading…
05:45PM	B2Gold Reports Q2 2026 Results; Strong Operating Performance at the Fekola, Masbate, and Otjikoto Mines led to Higher than Expected Gold Production and Lower than Expected All-In Sustaining Costs; Menankoto Exploitation Permit Expected to be Issued in the Near-Term by the State of Mali (GlobeNewswire)
Jul-10-26 05:00PM	B2Gold Second Quarter 2026 Results - Conference Call Details (GlobeNewswire)
Jun-05-26 06:33PM	B2Gold Announces Voting Results from its 2026 Annual General and Special Meeting (GlobeNewswire) -8.73%
May-25-26 06:30PM	B2Gold Releases its Tenth Annual Responsible Mining Report and its Fifth Annual Climate Strategy Report (GlobeNewswire)
May-13-26 11:19AM	The 5 Strategic Projects Quietly Defining the Next Decade of West's Critical Minerals Supply (PR Newswire)
May-09-26 03:00PM	B2Gold Corp (BTG) Q1 2026 Earnings Call Highlights: Strong Financial Performance and Strategic Moves (GuruFocus.com)
May-08-26 03:00PM	B2Gold Corp (BTG) Q1 2026 Earnings Call Highlights: Strong Financial Performance Amid ... (GuruFocus.com) +7.07%
May-06-26 06:37PM	B2Gold: Q1 Earnings Snapshot (Associated Press) +5.66% +10.49%
05:44PM	B2Gold Reports Q1 2026 Results (GlobeNewswire)
Apr-23-26 07:00AM	B2Gold Completes the Sale of its 70% Interest in Fingold (GlobeNewswire)
Apr-21-26 04:16AM	Agnico Eagle to consolidate assets in Finlands CLGB (Mining Technology)
Apr-20-26 01:29PM	Agnico Eagle to buy Rupert, Aurion in $3B Finland consolidation drive (Proactive)
07:56AM	Nasdaq under pressure as Iran tensions continue to pull markets in different directions (Proactive)
06:40AM	B2Gold Announces Agreement to Sell its 70% Interest in Fingold Joint Venture to Agnico Eagle for US$325 million; B2Gold and Agnico Eagle to Enter into Nunavut Collaboration Agreement (GlobeNewswire)
Apr-19-26 11:45PM	B2Gold Reports Update on Fire-Related Incident to the Crushing Circuit at the Goose Mine (GlobeNewswire)
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Apr-17-26 11:59PM	B2Gold Reports Fire-Related Incident to the Crushing Circuit at the Goose Mine (GlobeNewswire)
Apr-16-26 09:30AM	Why Smart Money is Securing Pivotal Gold Reserves Now (PR Newswire)
07:00AM	BeMetals Announces Agreement to Acquire Prospective Projects from Prospector Metals for Creation of a New Canadian-Focused Exploration Company (ACCESSWIRE)
Apr-15-26 07:24AM	AuMEGA Metals secures C$30.1M to fund expanded Newfoundland exploration push (Proactive)
06:30AM	AuMEGA Metals Closes ~C$30.1 Million Financing, Strengthening Institutional Register and Funding Larger-Scale 2026 Exploration Program (TMX Newsfile)
Apr-13-26 05:30PM	B2Gold First Quarter 2026 Results - Conference Call Details (GlobeNewswire)
Apr-01-26 09:00AM	Latin Explore Appoints Mike Basha as Interim CEO Advances Toward Q2 2026 Drilling at Para (TMX Newsfile) +6.84%
07:00AM	B2Gold Announces Renewal of Normal Course Issuer Bid (GlobeNewswire)
Mar-25-26 05:15PM	B2Gold Announces Positive Results from its 2025 Exploration Program at the Back River Gold District; Drill Results Confirm Significant Resource Potential District Wide (GlobeNewswire)
Mar-23-26 12:00AM	Upcoming Meeting Dates - March 23, 2026 (TMX Newsfile)
Mar-10-26 08:53AM	B2Gold Corp. (BTG) Names Mike Cinnamond as Incoming CEO (Insider Monkey)
Feb-25-26 06:19AM	B2Gold (BTG) Achieves Record $3.06B Revenue and Meets 2025 Gold Production Guidance (Insider Monkey)
Feb-24-26 08:01PM	B2Gold Corp (BTG) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic Developments (GuruFocus.com) +6.10%
02:08AM	B2Gold Q4 Earnings Call Highlights (MarketBeat)
Feb-23-26 11:25AM	B2Gold Q4 Earnings Miss Estimates, Revenues Surge Y/Y on Higher Output (Zacks) +6.49%
08:00AM	B2Gold Announces Leadership Transition (GlobeNewswire)
Feb-21-26 11:12AM	B2Gold (BTG) Climbs 5.27% on Return to Profitability (Insider Monkey)
Feb-19-26 10:51AM	Royal Gold Q4 Earnings Miss Estimates, Revenues Surge 85% Y/Y (Zacks)
Feb-18-26 10:15PM	B2Gold Corp. (BTG) Shares Are Trending Overnight - Here's What You Should Know (Benzinga)
05:56PM	B2Gold: Q4 Earnings Snapshot (Associated Press Finance)
05:50PM	B2Gold Reports Q4 and Full Year 2025 Results & 2026 Guidance; Achieved 2025 Gold Production and Cost Guidance; Record Annual Revenue in 2025 of Over $3 Billion; Gold Production for 2026 Anticipated to be Between 820,000 and 970,000 oz; Q1 2026 Dividend of US$0.02 Per Share Declared (GlobeNewswire)
06:00AM	AuMEGA Metals Announces Amended and Upsized Financing of C$30 Million, Anchored by Condire Investors, LLC (TMX Newsfile)
12:09AM	AuMEGA upsizes financing to C$30.1m to fund expanded Newfoundland drilling and exploration (Proactive)
Feb-17-26 08:39AM	EQX to Post Q4 Earnings: What's in the Offing for the Stock? (Zacks)
Feb-16-26 11:07AM	B2Gold Gears Up to Report Q4 Earnings: Here's What to Expect (Zacks)
10:47AM	Is Allied Gold's Higher Gold Production a Catalyst for Future Growth? (Zacks)
Feb-11-26 01:47PM	Is B2Gold Corp. (BTG) One of the Most Undervalued Gold Stocks to Buy According to Analysts? (Insider Monkey)
Feb-08-26 08:28AM	3 Stocks Trading Near $5 With Massive Earnings Upside (MarketBeat)
Feb-06-26 10:35AM	CIBC Increases B2Gold (BTG) PT to $6.50 Following Sector Update (Insider Monkey) +7.20%
Feb-05-26 12:59AM	Analysts Remain Bullish as B2Gold Corp. as BTG Shares Return a Remarkable 107% In One Year (Insider Monkey) -6.53%
Feb-01-26 02:38AM	Here's What Analysts Are Saying About B2Gold Corp. (BTG) Before its Earnings Release (Insider Monkey)
Jan-30-26 06:00PM	Here's Why B2Gold (BTG) Fell More Than Broader Market (Zacks) -11.71%
Jan-29-26 06:15PM	B2Gold (BTG) Registers a Bigger Fall Than the Market: Important Facts to Note (Zacks)
Jan-27-26 11:31AM	Gold at $5,000-3 Mining Stocks for the Next Gold Rush (MarketBeat)
11:09AM	Stock Of The Day: When Will B2Gold Corp Reverse? (Benzinga)
Jan-24-26 05:48AM	Mixed Analyst Calls Keep B2Gold Corp. (BTG) in Focus (Insider Monkey)
Jan-23-26 06:15PM	B2Gold (BTG) Rises Higher Than Market: Key Facts (Zacks)
Jan-22-26 05:00PM	B2Gold Fourth Quarter and Full Year 2025 Financial Results & 2026 Guidance - Conference Call Details (GlobeNewswire) +5.48%
Jan-21-26 01:14PM	Aris Mining's Q3 Gold Output Climbs: Segovia Sets Stage for Solid Q4 (Zacks)
Jan-16-26 06:00PM	Why B2Gold (BTG) Dipped More Than Broader Market Today (Zacks) +7.21%
08:11AM	Gold Miner B2Gold's Key Metric Surges: Catching The 'Leveraged Upside' In The Hot Sector (Benzinga)
Jan-13-26 10:26AM	Aris Mining Trading Near 52-Week High: Buy the Stock or Wait for Now? (Zacks)
Jan-12-26 06:15PM	B2Gold (BTG) Beats Stock Market Upswing: What Investors Need to Know (Zacks)
Jan-05-26 06:15PM	B2Gold (BTG) Surpasses Market Returns: Some Facts Worth Knowing (Zacks)
12:55PM	Aris Mining's Key Projects Progress: Can Momentum Sustain Growth? (Zacks)
Jan-02-26 05:26AM	7 Magnificent Stocks That Can Double Your Money in 2026 (Motley Fool)
Dec-31-25 10:13AM	Can ARMN's Growth Investments Create Long-Term Value for Investors? (Zacks)
Dec-29-25 09:56AM	RBC and Bank of America Positive on B2Gold (BTG) (Insider Monkey) -5.42%
Dec-27-25 08:04AM	International Small Cap Value Fund Crushes S&P 500 Behind Energy and Mining Bets (24/7 Wall St.)
Dec-26-25 06:00PM	Why the Market Dipped But B2Gold (BTG) Gained Today (Zacks) -5.42%
Dec-24-25 11:50AM	Is Aris Mining's Higher Gold Production a Catalyst for Future Growth? (Zacks)
Dec-21-25 07:40AM	Wall Street Keeps B2Gold Corp. (BTG) in Focus With Mixed Views (Insider Monkey)
Dec-17-25 01:56AM	B2Gold (BTG) Draws Analyst Interest for High Gold-Price Leverage (Insider Monkey)
Dec-10-25 11:30AM	Why Is Barrick Mining (B) Up 14.2% Since Last Earnings Report? (Zacks)
06:10AM	B2Gold Q3 2025: Navigating Production Gains and Market Pressures (GuruFocus.com)
Dec-09-25 12:20AM	What Do Analysts Think About B2Gold Corp. (BTG)? (Insider Monkey)
Dec-03-25 09:30AM	Will Segovia and Marmato's Growth Prospects Drive Aris Mining's Momentum? (Zacks)
Dec-01-25 05:29AM	These stocks have the greatest leverage to rising gold prices: BofA (Investing.com)
Nov-24-25 10:46AM	Allied Gold vs. B2Gold: Which Gold Mining Stock has Greater Upside? (Zacks) +9.45%
Nov-21-25 05:02AM	RBC Capital Affirms Hold Stance as B2Gold Corp. (BTG) Bounces to Profitability on High Gold Prices (Insider Monkey)
Nov-19-25 10:30AM	NioCorp Soars 56.4% in Past 3 Months: How Should You Play the Stock? (Zacks)
Nov-18-25 11:24AM	Trilogy Metals Surges 243.1% YTD: Should Investors Ride the Rally? (Zacks)
Nov-13-25 11:37PM	Cormark Downgrades B2Gold Corp. (BTG) to Market Perform from Buy (Insider Monkey)
11:05AM	Can NioCorp's Elk Creek Project Fuel Its Long-Term Momentum? (Zacks)
Nov-10-25 08:03PM	B2Gold Corp (BTG) Q3 2025 Earnings Call Highlights: Strong Revenue and Strategic Developments ... (GuruFocus.com)
12:52PM	Can Ambler Metals' Growth Prospects Drive Trilogy's Momentum? (Zacks)
Nov-05-25 06:02PM	B2Gold Reports Q3 2025 Results (GlobeNewswire) -5.71%
Nov-03-25 12:00PM	B2Gold's Operations at the Fekola Complex in Mali Continue Unimpeded (GlobeNewswire)
11:50AM	B2Gold Gets Ready to Report Q3 Earnings: Here's What to Expect (Zacks)
Oct-28-25 11:29PM	Scotiabank Maintains Sector Perform on B2Gold (BTG), Raises Price Target to C$8 (Insider Monkey)

Show Previous News

B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Fekola Regional, Masbate Mine, Otjikoto Mine, Goose Project, Other Mineral Properties, and Corporate and Other. The Fekola Regional segment consists of Bantako North, Menankoto, Dandoko, and Bakolobi properties. The Other Mineral Properties segment focuses on the company interests in mineral properties which are at various stages of exploration and evaluation. The Corporate and Other segment includes the corporate operations. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson, and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.

Executive Chair of the BoardMr. Kelvin Paul Michael Dushnisky B.Sc. (Hon.)

M.Sc.Mr. William Lytle B.Sc.

Senior Vice President of Legal & Corporate CommunicationsMr. Randall Chatwin J.D.

Senior Vice President of ExplorationMr. Victor J. King

Senior VPMr. Michael McDonald

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BTG

B2gold Corp

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