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B2Gold Corp. logo

B2Gold Corp.

BTG

AMEXBasic MaterialsGold

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Previous close

$5.52

+$0.14 · +2.60%

Aug 21, 4:00 PM ET

BTG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

81

Deep Value

Momentum

23

Weakening

Sentiment

67

Bullish

Risk resilience

39

High Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

B2Gold Corp. operates as a prominent gold mining enterprise, currently running three active production sites across different continents. Its primary operational mines include the Fekola Mine in Mali, the Masbate Mine situated in the Philippines, and the Otjikoto Mine located in Namibia. In addition to its wholly-owned assets, the company holds a 25% ownership stake in Calibre Mining Corp. and an approximate 19% interest in BeMetals Corp. Furthermore, B2Gold manages a diverse collection of evaluation and exploration assets spread across Mali, Uzbekistan, and Finland. The company, which was founded in 2006, bases its corporate headquarters in Vancouver, Canada.

Industry
Gold
Sector
Basic Materials
Headquarters
CA
CEO
Michael Andrew Cinnamond
Listed since
Jun 24, 2008
Employees
6,327

Market position

Day range

Current $5.52

52-week range

Current $5.52

Open
$5.50
Previous close
$5.38
Volume
26.46M
1.04× average
Average volume
25.56M
Average daily volume
Market cap
7.35B USD
Beta
1.35
Market reference 1
50-day average
$4.214
+30.99% above average
200-day average
$4.612
+19.69% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.23B USD
P/E (TTM)
9.41×
P/B (TTM)
1.85×
P/S (TTM)
1.95×
EV / EBITDA
4.28×
Earnings yield
6.72%
Free cash flow yield
1.11%
Dividend yield
1.46%

Profitability & efficiency

Gross margin
49.18%
Operating margin
46.00%
Net margin
21.20%
Return on equity
11.20%
Return on assets
6.85%
Return on invested capital
12.67%

Financial health

Debt / equity
0.11×
Current ratio
1.06×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends58%25%-8%-41%Gross margin, FY2021: 43.61%Gross margin, FY2022: 34.88%Gross margin, FY2023: 40.33%Gross margin, FY2024: 37.13%Gross margin, FY2025: 50.01%Operating margin, FY2021: 40.49%Operating margin, FY2022: 29.00%Operating margin, FY2023: 34.88%Operating margin, FY2024: 31.27%Operating margin, FY2025: 45.88%Net margin, FY2021: 23.84%Net margin, FY2022: 14.60%Net margin, FY2023: 0.52%Net margin, FY2024: -33.12%Net margin, FY2025: 13.13%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.61%. Gross margin FY2022 34.88%. Gross margin FY2023 40.33%. Gross margin FY2024 37.13%. Gross margin FY2025 50.01%. Operating margin FY2021 40.49%. Operating margin FY2022 29.00%. Operating margin FY2023 34.88%. Operating margin FY2024 31.27%. Operating margin FY2025 45.88%. Net margin FY2021 23.84%. Net margin FY2022 14.60%. Net margin FY2023 0.52%. Net margin FY2024 -33.12%. Net margin FY2025 13.13%.

Income trends

Revenue

3.06B USD+60.95%

Operating income

1.4B USD+136.14%

Net income

401.91M USD+1.03B USD
Income trends across reported periods3.43B USD1.95B USD477.45M USD−999M USDRevenue, FY2021: 1.76B USDRevenue, FY2022: 1.73B USDRevenue, FY2023: 1.93B USDRevenue, FY2024: 1.9B USDRevenue, FY2025: 3.06B USDOperating income, FY2021: 713.59M USDOperating income, FY2022: 502.4M USDOperating income, FY2023: 674.64M USDOperating income, FY2024: 594.8M USDOperating income, FY2025: 1.4B USDNet income, FY2021: 420.07M USDNet income, FY2022: 252.87M USDNet income, FY2023: 10.1M USDNet income, FY2024: −629.89M USDNet income, FY2025: 401.91M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.76B USD. Revenue FY2022 1.73B USD. Revenue FY2023 1.93B USD. Revenue FY2024 1.9B USD. Revenue FY2025 3.06B USD. Operating income FY2021 713.59M USD. Operating income FY2022 502.4M USD. Operating income FY2023 674.64M USD. Operating income FY2024 594.8M USD. Operating income FY2025 1.4B USD. Net income FY2021 420.07M USD. Net income FY2022 252.87M USD. Net income FY2023 10.1M USD. Net income FY2024 −629.89M USD. Net income FY2025 401.91M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.06B USD1.9B USD1.93B USD1.73B USD1.76B USD
Cost of goods sold1.53B USD1.2B USD1.15B USD1.13B USD993.71M USD
Gross profit1.53B USD706.2M USD780M USD604.24M USD768.55M USD
Selling, general, and administrative92.04M USD84.16M USD83.29M USD79.32M USD72.76M USD
Operating expenses126.2M USD111.39M USD105.37M USD101.85M USD54.96M USD
Interest income12.45M USD20.73M USD18.52M USD11.96M USD2.99M USD
Interest expense37.7M USD34.85M USD13.93M USD10.84M USD11.8M USD
Depreciation and amortization440.83M USD367.41M USD402.37M USD383.85M USD378.89M USD
Operating income1.4B USD594.8M USD674.64M USD502.4M USD713.59M USD
Net income401.91M USD−629.89M USD10.1M USD252.87M USD420.07M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
-18.80%
11 comparable reports
Latest EPS result
0.03
Estimate 0.07 · Miss by 57.14%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.240.160.090.01Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 0.01, estimate 0.07, surprise -85.71%, Miss. Q2 2025, reported May 7, 2025: actual 0.09, estimate 0.08, surprise +12.50%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.12, estimate 0.15, surprise -20.00%, Miss. Q4 2025, reported Nov 5, 2025: actual 0.14, estimate 0.15, surprise -6.67%, Miss. Q1 2026, reported Feb 18, 2026: actual 0.11, estimate 0.2, surprise -45.00%, Miss. Q2 2026, reported May 6, 2026: actual 0.19, estimate 0.11, surprise +72.73%, Beat. Q3 2026, reported Aug 6, 2026: actual 0.03, estimate 0.07, surprise -57.14%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.16, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.21B956.6M701.84M447.08MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 499.79M USD, estimate 500M USD, surprise -0.04%, Miss. Q2 2025, reported May 7, 2025: actual 532.11M USD, estimate 615.88M USD, surprise -13.60%, Miss. Q3 2025, reported Aug 7, 2025: actual 692.21M USD, estimate 702.29M USD, surprise -1.44%, Miss. Q4 2025, reported Nov 5, 2025: actual 774.27M USD, estimate 1.15B USD, surprise -32.55%, Miss. Q1 2026, reported Feb 18, 2026: actual 1.05B USD, estimate 1.14B USD, surprise -7.79%, Miss. Q2 2026, reported May 6, 2026: actual 1.16B USD, estimate 893.41M USD, surprise +29.69%, Beat. Q3 2026, reported Aug 6, 2026: actual 789.35M USD, estimate 836.33M USD, surprise -5.62%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 807.13M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$6.17

11.78% upside
Past 12 months12-month forecastHigh $7.50Average $6.17Low $5.00

Rating distribution

9 ratings
Strong buy111%
Buy556%
Hold222%
Sell111%
Strong sell00%

BTG news

defenseworld.net

B2Gold Corp $BTG Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE: BTO) by 55.0% in the undefined quarter, according to its most recent disclosure with the SEC. The institutional investor…

Read source
defenseworld.net

B2Gold (TSE:BTO) Director Sells C$1,412,000.00 in Stock

B2Gold Corp. (TSE: BTO - Get Free Report) (NYSE: BTG) Director Jerry Korpan sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of…

Read source
businesswire.com

BTG Pactual TIG and Conservation International Reach 20,000 Hectares of Cerrado Under Restoration, Accelerating Latin American Reforestation Strategy, Increasing Biodiversity and Social Impacts

NEW YORK--(BUSINESS WIRE)--BTG Pactual TIG and Conservation International reach 20,000 hectares of Cerrado under restoration, increasing biodiversity and social impacts.

Read source
seekingalpha.com

B2Gold: Fekola Regional Permitted, Prepay Ended - Cash Flow Set To Surge

B2Gold is at a pivotal inflection, with the Goose Mine ramping up, the Fekola Regional permit secured, and the gold prepay agreement completed. Q2 2026 results highlighted underlying operational strength, with production…

Read source
marketbeat.com

B2Gold Q2 Earnings Call Highlights

B2Gold NYSEAMERICAN: BTG said the Government of Mali granted the Menankoto Exploitation Permit, clearing the company to begin mining-related activities within the permit area and advance the Fekola Regional deposit. The…

Read source
seekingalpha.com

B2Gold: Goose Setbacks Don't Change The Re-Rating Story

B2Gold Corp. remains a Strong Buy, supported by robust operations, attractive valuation, and potential re-rating catalysts despite operational setbacks at Goose. BTG's gold prepay agreement has ended, freeing future cash…

Read source

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ETFs holding BTG

Funds reporting this stock among their holdings, ordered by reported position size.

VanEck Gold Miners ETF logoVanEck Gold Miners ETFGDX
Market value
269.89M
Weight
0.87%
AUM
31.98B USD
Expense ratio
0.51%
Price / 1D
$102.83+2.98%
VanEck Junior Gold Miners ETF logoVanEck Junior Gold Miners ETFGDXJ
Market value
161.11M
Weight
1.68%
AUM
9.86B USD
Expense ratio
0.52%
Price / 1D
$132.59+2.67%
Dimensional - International Small Cap Value ETF logoDimensional - International Small Cap Value ETFDISV
Market value
34.82M
Weight
0.67%
AUM
5.23B USD
Expense ratio
0.42%
Price / 1D
$44.49+0.86%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
10.18M
Weight
0.07%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.405+0.83%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
10.09M
Weight
0.17%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.545+0.71%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
3.28M
Weight
0.02%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.35+0.81%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
2.45M
Weight
0.02%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%
ALPS Funds CoreCommodity Natural Resources ETF logoALPS Funds CoreCommodity Natural Resources ETFCCNR
Market value
1.53M
Weight
0.32%
AUM
471.92M USD
Expense ratio
0.39%
Price / 1D
$42.2988+1.70%

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