TSX/BTO (TSX/BTO)

Toronto Stock Exchange: TSX/BTO · CAD

CA$7.11

+0.13 (+1.9%)· Recorded snapshot

Market cap	9.4B
Revenue (ttm)	5.4B
Net income (ttm)	1.1B
EPS (ttm)	CA$0.80
Shares out	1.3B
P/E (trailing)	8.9x
P/E (forward)	6.7x
Dividend	CA$0.11 (1.56%)
Volume	4,293,546
Beta	1.41

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 5.4B
Net income (ttm): 1.1B
EPS (ttm): CA$0.80
P/E (trailing): 8.9x
P/E (forward): 6.7x
Market cap: 9.4B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E6.7

P25 n/aP50 n/aP75 n/a

Trailing P/E8.9

P25 n/aP50 n/aP75 n/a

ROE22.6

P25 n/aP50 n/aP75 n/a

ROIC19.3

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TSX/BTO indicators

Market & fundamental data

Available fields

255

Groups with data

Currency

USD

Showing 255 of 255 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-11-04
Employees	2,212
Enterprise value	CAD 9.7B
Exchange	Toronto Stock Exchange
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2006
Industry	Gold
Is primary listing	Yes
ISIN number	CA11777Q2099
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Market cap	CAD 9.4B
Next earnings date	2026-11-04
Price	CAD 7.11
Price currency	CAD
Sector	Materials
SIC code	1040
Stock price date	2026-10-28
Symbol	tsx/BTO
Website	https://www.b2gold.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	10.78x
Average P/E ratio (10Y)	46.5x
Average P/E ratio (5Y)	41.79x
Earnings yield	11.2%
EV/Earnings	8.29x
EV/EBIT	4.28x
EV/EBITDA	3.19x
EV/FCF	39.55x
EV/Sales	1.77x
FCF / EV yield	2.53%
FCF yield	2.61%
Forward P/E	6.65x
Graham number	8.746
Graham upside	26.85%
Industry forward P/E	13.64x
Industry P/E	15.8x
Lynch fair value	CAD 5.11
Lynch upside	-25.86%
P/(FCF - SBC) ratio	44.33x
P/(OCF - SBC) ratio	7.22x
P/B ratio	1.62x
P/E ratio	8.93x
P/FCF ratio	38.38x
P/OCF ratio	7.04x
P/S ratio	1.72x
PEG ratio	0.21x
Price / tangible book value	1.64x
Price/EBITDA ratio	3.13x
Sector forward P/E	15.43x
Sector P/E	22.49x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	41.18%
EBITDA margin	54.84%
Effective tax rate	50.88%
FCF margin	4.52%
Gross margin	63.16%
Operating margin	41.18%
Pretax margin	44.56%
Profit margin	21.33%
Profit per employee	CAD 518,200
Profitable quarters	6
Profitable years	1
Revenue per employee	CAD 2.4M
ROA	17.62%
ROA (5Y)	7.71%
ROCE	30.85%
ROE	22.63%
ROE (5Y)	4.35%
ROIC	19.33%
ROIC (5Y)	7.99%
SBC / revenue	0.6%
Tax / revenue	22.67%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth (Q)	185.42%
EPS growth (QoQ)	106.23%
EPS growth 3Y	27.69%
EPS growth 5Y	0.42%
EPS growth quarters	7
EPS growth years	1
FCF growth 3Y	-13.87%
FCF growth 5Y	-14.74%
Gross profit growth	87.91%
Gross profit growth (Q)	-5.45%
Gross profit growth 3Y	27%
Gross profit growth 5Y	16.52%
Net income growth (Q)	170.25%
Net income growth (QoQ)	108.73%
Net income growth 3Y	38.97%
Net income growth 5Y	6.42%
Net income growth quarters	7
Net income growth years	1
OCF growth	71.4%
OCF growth 10Y	11.12%
OCF growth 3Y	6.57%
OCF growth 5Y	7.8%
Operating income growth (Q)	21.9%
Operating income growth 3Y	36.13%
Operating income growth 5Y	15.7%
Revenue growth	74.23%
Revenue growth (Q)	14.04%
Revenue growth (QoQ)	-31.87%
Revenue growth 10Y	20.48%
Revenue growth 3Y	25.18%
Revenue growth 5Y	17.47%
Revenue growth quarters	6
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	CAD -1.1B
Depreciation and amortization	CAD 725.9M
EBIT	CAD 2.2B
EBITDA	CAD 2.9B
EPS	CAD 0.80
FCF per share	CAD 0.18
Financing cash flow	CAD -608.9M
Free cash flow	CAD 240.3M
Free cash flow minus SBC	CAD 208.1M
Gross profit	CAD 3.4B
Income taxes	CAD 1.2B
Investing cash flow	CAD -682M
Net borrowing	CAD -38.8M
Net cash flow	CAD -34.9M
Net income	CAD 1.1B
Operating cash flow minus SBC	CAD 1.3B
Operating income	CAD 2.2B
Revenue	CAD 5.4B
Stock-based compensation	CAD 32.3M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.78
Book value per share	CAD 4.27
Debt / EBITDA	0.22
Debt / equity	0.11
Debt / FCF	2.69
Interest coverage	25.59
Long-term assets	CAD 6.6B
Long-term liabilities	CAD 1.5B
Net cash (debt)	CAD -235.8M
Net cash / market cap	-2.56%
Net debt / EBITDA	0.08
Net debt / equity	0.04
Net debt / FCF	0.98
Piotroski F-Score	7
Property, plant and equipment	CAD 5.3B
Shareholders' equity	CAD 5.7B
Tangible book value	CAD 5.6B
Tangible book value per share	CAD 4.27
Total assets	CAD 8.2B
Total cash	CAD 411.9M
Total debt	CAD 647.7M
Total liabilities	CAD 2.5B
WACC	11.65%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.68
Current assets	CAD 1.5B
Current liabilities	CAD 978.4M
Current ratio	1.58
Inventory turnover	2.22
Net working capital	CAD 209.7M
Quick ratio	0.5
Working capital	CAD 575.3M
Working capital turnover	27.85

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-13.32%
Dividend growth	-20.51%
Dividend growth (3Y)	-19.86%
Dividend growth (5Y)	-11.36%
Dividend growth years	0
Dividend payment date	2026-09-23
Dividend payment years	8
Dividend payout frequency	Quarterly
Dividend per share	CAD 0.11
Dividend yield	1.56%
Ex-dividend date	2026-09-10
FCF payout ratio	60.99%
Last dividend	CAD 0.03
Payout ratio	12.91%
Shareholder yield	-11.72%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	92.06%
10Y return CAGR	9.4%
10Y total return	145.54%
150-day SMA	CAD 6.58
15Y price change	93.65%
15Y return CAGR	6.23%
15Y total return	147.58%
1D price change	1.86%
1M price change	-9.31%
1M total return	-9.31%
1W price change	-3.97%
1W total return	-3.97%
1Y price change	0.86%
1Y return CAGR	2.58%
1Y total return	2.57%
20-day SMA	CAD 7.22
200-day SMA	CAD 6.70
3M price change	28.62%
3M total return	29.09%
3Y price change	55.78%
3Y return CAGR	20.07%
3Y total return	73.11%
50-day SMA	CAD 7.43
50-day SMA vs 200-day SMA	50over200
52-week high	CAD 8.60
52-week high date	2026-03-02
52-week low	CAD 5.02
52-week low date	2026-07-17
5Y price change	28.39%
5Y return CAGR	9.3%
5Y total return	55.97%
6M price change	13.07%
6M total return	14.04%
All-time high	CAD 9.99
All-time high date	2020-08-05
All-time low	CAD 0.30
All-time low date	2008-10-24
Average true range (ATR)	CAD 0.28
Average volume	3.5M
Beta (1Y)	4.09
Beta (2Y)	2.36
Beta (5Y)	1.41
Change from 52-week high	-17.33%
Change from 52-week low	41.78%
Change from all-time high	-29.83%
Change from all-time low	2,236.67%
Change from open	2.75%
Day's gap	-0.86%
Dollar volume	CAD 30.5M
High price	CAD 7.12
Low price	CAD 6.86
Monthly RSI	56.75
Open price	CAD 6.92
Position in 52-week range	96.15%
Previous close	CAD 6.98
Price vs 150-day SMA	6.52%
Price vs 20-day SMA	-2.9%
Price vs 200-day SMA	4.63%
Price vs 50-day SMA	-5.69%
Relative volume	1.23
RSI	45.37
Sharpe ratio	0.27
Sharpe ratio (3Y)	0.53
Sharpe ratio (5Y)	0.35
Sortino ratio	0.5
Sortino ratio (3Y)	0.91
Sortino ratio (5Y)	0.65
Volume	4.3M
Weekly RSI	51.44
YTD price change	13.43%
YTD total return	14.85%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.3B
Shares change (QoQ)	-0.76%
Shares change (YoY)	13.32%
Shares held by insiders	0.59%
Shares held by institutions	68.62%
Shares outstanding	1.3B
Short % of float	0.53%
Short % of shares	0.53%

Deeper analysis on TSX/BTO

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this TSX/BTO report

Is a complete TSX/BTO research report available?

No complete published report is available for tsx/BTO (TSX/BTO) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

TSX/BTO (TSX/BTO)

Price

Financial snapshot

Fair-value bridge

Latest news · TSX/BTO

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TSX/BTO indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TSX/BTO

Frequently asked questions