Is a complete BTG research report available?

No complete published report is available for B2Gold Corp. (BTG) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

B2Gold Corp. (BTG)

NYSEAMERICAN: BTG · USD

$5.12

+0.14 (+2.8%)· Recorded snapshot

Market cap	6.8B
Revenue (ttm)	3.8B
Net income (ttm)	807.2M
EPS (ttm)	$0.57
Shares out	1.3B
P/E (trailing)	9.0x
P/E (forward)	6.8x
Dividend	$0.08 (1.57%)
Volume	27,260,978
Beta	1.41

Market data

Price

Recent price action with selectable time range.

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	Mantenere
APD	Air Products and Chemicals, Inc.	68.3B	—	5.4x	8.9%	+5.2%	+23.1%	Mantenere
AVY	Avery Dennison Corporation	13.7B	19.8x	1.5x	15.1%	+3.3%	+1.6%	Mantenere

Metric	Value
Amount currency	USD
CIK code	0001429937
Company name	B2Gold Corp.
Country	Canada
Country code	US
CUSIP number	11777Q209
Earnings date	2026-11-04
Earnings time	amc
Employees	2,212
Employees change	-956
Employees growth	-30.18%
Enterprise value	$7B
Exchange	NYSEAMERICAN
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2006
Industry	Gold
Is primary listing	No
Is SPAC	No
ISIN number	CA11777Q2099
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$6.8B
Market cap category	Mid-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$5.12
Price currency	USD
Sector	Materials
SIC code	1040
Stock price date	2026-10-28
Symbol	BTG
Website	https://www.b2gold.com

Metric

Value

Amount currency

USD

CIK code

0001429937

Company name

B2Gold Corp.

Country

Canada

Country code

CUSIP number

11777Q209

Earnings date

2026-11-04

Earnings time

amc

Employees

2,212

Employees change

-956

Employees growth

-30.18%

Enterprise value

$7B

Exchange

NYSEAMERICAN

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-05-09

Fiscal year end

December

Founded

2006

Industry

Gold

Is primary listing

Is SPAC

ISIN number

CA11777Q2099

Last earnings date

2026-08-06

Last refreshed

2026-10-28

Last stock split type

Never

Market cap

$6.8B

Market cap category

Mid-Cap

Next earnings date

2026-11-04

Options

Yes

Price

$5.12

Price currency

USD

Sector

Materials

SIC code

1040

Stock price date

2026-10-28

Symbol

BTG

Website

https://www.b2gold.com

Metric	Value
Adjusted P/E ratio	10.89x
Average P/E ratio (10Y)	46.5x
Average P/E ratio (5Y)	41.79x
Earnings yield	11.08%
EV/Earnings	8.38x
EV/EBIT	4.34x
EV/EBITDA	3.26x
EV/FCF	39.99x
EV/Sales	1.79x
FCF / EV yield	2.5%
FCF yield	2.58%
Forward P/E	6.8x
Graham number	6.55832
Graham upside	29.87%
Industry forward P/E	12.72x
Industry P/E	13.38x
Lynch fair value	$3.99
Lynch upside	-21.08%
P/(FCF - SBC) ratio	44.82x
P/(OCF - SBC) ratio	7.3x
P/B ratio	1.64x
P/E ratio	9.03x
P/FCF ratio	38.8x
P/OCF ratio	7.12x
P/S ratio	1.73x
Price / tangible book value	1.65x
Price/EBITDA ratio	3.16x
Sector forward P/E	15.04x
Sector P/E	22.59x

Metric

Value

Adjusted P/E ratio

10.89x

Average P/E ratio (10Y)

46.5x

Average P/E ratio (5Y)

41.79x

Earnings yield

11.08%

EV/Earnings

8.38x

EV/EBIT

4.34x

EV/EBITDA

3.26x

EV/FCF

39.99x

EV/Sales

1.79x

FCF / EV yield

2.5%

FCF yield

2.58%

Forward P/E

6.8x

Graham number

6.55832

Graham upside

29.87%

Industry forward P/E

12.72x

Industry P/E

13.38x

Lynch fair value

$3.99

Lynch upside

-21.08%

P/(FCF - SBC) ratio

44.82x

P/(OCF - SBC) ratio

7.3x

P/B ratio

1.64x

P/E ratio

9.03x

P/FCF ratio

38.8x

P/OCF ratio

7.12x

P/S ratio

1.73x

Price / tangible book value

1.65x

Price/EBITDA ratio

3.16x

Sector forward P/E

15.04x

Sector P/E

22.59x

Metric	Value
EBIT margin	41.18%
EBITDA margin	54.84%
Effective tax rate	50.88%
FCF margin	4.47%
Gross margin	63.16%
Operating margin	41.18%
Pretax margin	44.56%
Profit margin	21.33%
Profit per employee	$364,904
Profitable quarters	6
Profitable years	1
Revenue per employee	$1.7M
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%

Metric

Value

EBIT margin

41.18%

EBITDA margin

54.84%

Effective tax rate

50.88%

FCF margin

4.47%

Gross margin

63.16%

Operating margin

41.18%

Pretax margin

44.56%

Profit margin

21.33%

Profit per employee

$364,904

Profitable quarters

Profitable years

Revenue per employee

$1.7M

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%

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

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

EPS growth years

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

Net income growth years

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

Revenue growth years

Metric	Value
Capital expenditures	$-753.5M
Depreciation and amortization	$517M
EBIT	$1.6B
EBITDA	$2.1B
EPS	$0.57
FCF per share	$0.13
Financing cash flow	$-428.7M
Free cash flow	$169.2M
Free cash flow minus SBC	$146.5M
Gross profit	$2.4B
Income taxes	$858.2M
Investing cash flow	$-480.2M
Net borrowing	$-27.6M
Net cash flow	$-24.6M
Net income	$807.2M
Operating cash flow minus SBC	$900M
Operating income	$1.6B
Revenue	$3.8B
Stock-based compensation	$22.7M

Metric

Value

Capital expenditures

$-753.5M

Depreciation and amortization

$517M

EBIT

$1.6B

EBITDA

$2.1B

EPS

$0.57

FCF per share

$0.13

Financing cash flow

$-428.7M

Free cash flow

$169.2M

Free cash flow minus SBC

$146.5M

Gross profit

$2.4B

Income taxes

$858.2M

Investing cash flow

$-480.2M

Net borrowing

$-27.6M

Net cash flow

$-24.6M

Net income

$807.2M

Operating cash flow minus SBC

$900M

Operating income

$1.6B

Revenue

$3.8B

Stock-based compensation

$22.7M

Metric	Value
Altman Z-Score	3.78
Book value per share	$3.01
Debt / EBITDA	0.22
Debt / equity	0.11
Debt / FCF	2.69
Interest coverage	25.59
Long-term assets	$4.6B
Long-term liabilities	$1B
Net cash (debt)	$-166.1M
Net cash / market cap	-2.53%
Net debt / EBITDA	0.08
Net debt / equity	0.04
Net debt / FCF	0.98
Piotroski F-Score	7
Property, plant and equipment	$3.8B
Shareholders' equity	$4B
Tangible book value	$4B
Tangible book value per share	$3.01
Total assets	$5.7B
Total cash	$290M
Total debt	$456.1M
Total liabilities	$1.7B
WACC	11.66%

Metric

Value

Altman Z-Score

3.78

Book value per share

$3.01

Debt / EBITDA

0.22

Debt / equity

0.11

Debt / FCF

2.69

Interest coverage

25.59

Long-term assets

$4.6B

Long-term liabilities

$1B

Net cash (debt)

$-166.1M

Net cash / market cap

-2.53%

Net debt / EBITDA

0.08

Net debt / equity

0.04

Net debt / FCF

0.98

Piotroski F-Score

Property, plant and equipment

$3.8B

Shareholders' equity

$4B

Tangible book value

$4B

Tangible book value per share

$3.01

Total assets

$5.7B

Total cash

$290M

Total debt

$456.1M

Total liabilities

$1.7B

WACC

11.66%

Metric	Value
Asset turnover	0.68
Current assets	$1.1B
Current liabilities	$696.9M
Current ratio	1.58
Inventory turnover	2.22
Net working capital	$147.7M
Quick ratio	0.5
Working capital	$405.1M
Working capital turnover	19.61

Metric

Value

Asset turnover

0.68

Current assets

$1.1B

Current liabilities

$696.9M

Current ratio

1.58

Inventory turnover

2.22

Net working capital

$147.7M

Quick ratio

0.5

Working capital

$405.1M

Working capital turnover

19.61

Metric	Value
Buyback yield / dilution	-13.32%
Dividend growth	-20%
Dividend growth (3Y)	-20.63%
Dividend growth (5Y)	-12.94%
Dividend growth years	0
Dividend payment date	2026-09-23
Dividend payment years	8
Dividend payout frequency	Quarterly
Dividend per share	$0.08
Dividend yield	1.58%
Ex-dividend date	2026-09-10
FCF payout ratio	62.46%
Last dividend	$0.02
Payout ratio	14.1%
Shareholder yield	-11.72%

Metric

Value

Buyback yield / dilution

-13.32%

Dividend growth

-20%

Dividend growth (3Y)

-20.63%

Dividend growth (5Y)

-12.94%

Dividend growth years

Dividend payment date

2026-09-23

Dividend payment years

Dividend payout frequency

Quarterly

Dividend per share

$0.08

Dividend yield

1.58%

Ex-dividend date

2026-09-10

FCF payout ratio

62.46%

Last dividend

$0.02

Payout ratio

14.1%

Shareholder yield

-11.72%

Metric	Value
10Y price change	86.08%
10Y return CAGR	9.05%
10Y total return	137.82%
150-day SMA	$4.72
15Y price change	35.83%
15Y return CAGR	3.75%
15Y total return	73.6%
1D price change	2.81%
1M price change	-7.3%
1M total return	-7.3%
1W price change	-2.31%
1W total return	-2.31%
1Y price change	2.42%
1Y return CAGR	4.16%
1Y total return	4.16%
20-day SMA	$5.11
200-day SMA	$4.83
3M price change	31.27%
3M total return	31.74%
3Y price change	56.31%
3Y return CAGR	20.21%
3Y total return	73.72%
50-day SMA	$5.32
50-day SMA vs 200-day SMA	50over200
52-week high	$6.29
52-week high date	2026-02-27
52-week low	$3.57
52-week low date	2026-07-17
5Y price change	14.41%
5Y return CAGR	6.81%
5Y total return	39.03%
6M price change	11.89%
6M total return	12.86%
All-time high	$7.55
All-time high date	2020-08-05
All-time low	$0.60
All-time low date	2016-01-25
Average true range (ATR)	$0.21
Average volume	19.3M
Beta (5Y)	1.41
Change from 52-week high	-18.54%
Change from 52-week low	43.42%
Change from all-time high	-32.72%
Change from all-time low	746.67%
Change from open	3.85%
Day's gap	-1%
Dollar volume	$139.6M
High price	$5.12
Low price	$4.90
Monthly RSI	56.82
Open price	$4.93
Position in 52-week range	100%
Premarket change	-0.2%
Premarket close	$4.98
Premarket price	$4.97
Premarket volume	6.5K
Previous close	$4.98
Price vs 150-day SMA	7.6%
Price vs 20-day SMA	-0.63%
Price vs 200-day SMA	5.22%
Price vs 50-day SMA	-4.42%
Relative volume	1.41
RSI	48.48
Sharpe ratio	0.3
Sharpe ratio (3Y)	0.52
Sharpe ratio (5Y)	0.31
Sortino ratio	0.55
Sortino ratio (3Y)	0.89
Sortino ratio (5Y)	0.58
Volume	27.3M
Weekly RSI	51.98
YTD price change	12.64%
YTD total return	14.05%

Metric

Value

10Y price change

86.08%

10Y return CAGR

9.05%

10Y total return

137.82%

150-day SMA

$4.72

15Y price change

35.83%

15Y return CAGR

3.75%

15Y total return

73.6%

1D price change

2.81%

1M price change

-7.3%

1M total return

-7.3%

1W price change

-2.31%

1W total return

-2.31%

1Y price change

2.42%

1Y return CAGR

4.16%

1Y total return

4.16%

20-day SMA

$5.11

200-day SMA

$4.83

3M price change

31.27%

3M total return

31.74%

3Y price change

56.31%

3Y return CAGR

20.21%

3Y total return

73.72%

50-day SMA

$5.32

50-day SMA vs 200-day SMA

50over200

52-week high

$6.29

52-week high date

2026-02-27

52-week low

$3.57

52-week low date

2026-07-17

5Y price change

14.41%

5Y return CAGR

6.81%

5Y total return

39.03%

6M price change

11.89%

6M total return

12.86%

All-time high

$7.55

All-time high date

2020-08-05

All-time low

$0.60

All-time low date

2016-01-25

Average true range (ATR)

$0.21

Average volume

19.3M

Beta (5Y)

1.41

Change from 52-week high

-18.54%

Change from 52-week low

43.42%

Change from all-time high

-32.72%

Change from all-time low

746.67%

Change from open

3.85%

Day's gap

-1%

Dollar volume

$139.6M

High price

$5.12

Low price

$4.90

Monthly RSI

56.82

Open price

$4.93

Position in 52-week range

100%

Premarket change

-0.2%

Premarket close

$4.98

Premarket price

$4.97

Premarket volume

6.5K

Previous close

$4.98

Price vs 150-day SMA

7.6%

Price vs 20-day SMA

-0.63%

Price vs 200-day SMA

5.22%

Price vs 50-day SMA

-4.42%

Relative volume

1.41

RSI

48.48

Sharpe ratio

0.3

Sharpe ratio (3Y)

0.52

Sharpe ratio (5Y)

0.31

Sortino ratio

0.55

Sortino ratio (3Y)

0.89

Sortino ratio (5Y)

0.58

Volume

27.3M

Weekly RSI

51.98

YTD price change

12.64%

YTD total return

14.05%

Metric	Value
Float	1.3B
Float percentage	99.41%
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	5.49%
Short % of shares	5.46%
Short ratio	2.9 days

Metric

Value

Float

1.3B

Float percentage

99.41%

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

5.49%

Short % of shares

5.46%

Short ratio

2.9 days

B2Gold Corp. (BTG)

Price

Financial snapshot

Fair-value bridge

Latest news · BTG

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All BTG 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 BTG

Frequently asked questions