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B2Gold Corp. (BTO.TO)
CAD5.39
+0.04 (+0.65%)
CA TSX Basic Materials Gold
Address
Park Place V6C 2X8
Vancouver, BC, CA
Vancouver, BC, CA
CEO
Clive Thomas Johnson
Website
b2gold.com
IPO
2008-02-13
ISIN CA11777Q2099
Also trades on
London Stock Exchange · 0QYN.L (CAD)
New York Stock Exchange American · BTG (USD)
Toronto Stock Exchange · BTO.TO (CAD)
Description
B2Gold Corp. is a prominent gold mining company that manages three active operations: the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. Beyond its direct mining activities, the firm maintains significant equity stakes, including a 25% interest in Calibre Mining Corp. and approximately 19% in BeMetals Corp. Its extensive portfolio also includes various other properties undergoing evaluation and exploration, situated in Mali, Uzbekistan, and Finland. Established in 2006, this corporation's headquarters are located in Vancouver, Canada.
News Sentiment (7d)
Based on only 1 article — low confidence
- B2Gold Second Quarter 2026 Results – Conference Call Details Globe News Wire
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
CAD5.39
+0.04 (+0.65%)
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Volume Profile
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Liquidity & share structure
Average Volume
5M
Beta
1.30
Float Shares
1.26B
Free Float %
93.5%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.52% | +11.35% | +7.92% | +8.08% | +26.03% | +19.09% | +78.21% | +31.90% | +21.05% | +177.74% | +206.67% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (9 ratings, all time)
Buy
Price Targets & DCF
Current price
5.39
DCF (Unlevered)
5.97
+10.9%
DCF (Levered)
7.74
+43.7%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
54% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 3 | 0 |
| Buy | 4 | 0 |
| Hold | 4 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 2 | 0 |
Quality scores
Altman Z-Score
3.44
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Gold: +36.5%+63.8% ★ Q1'26: +114.2% (vs Q1'25)
-
EPS growth Gold: +64.9%+158.3% ★ Q1'26: +250.0% (vs Q1'25)
-
FCF margin FCF growth · Gold: +77.7%+25.5% Q1'26: +31.5% (vs Q1'25)
-
EBIT margin Gold: +25.8%+46.1% ★ Q1'26: +50.1% (vs Q1'25)
-
ROIC Gold: +11.0%+22.2% ★ Q1'26: +36.5% (vs Q1'25)
-
Share dilution Gold: -3.9%+13.1% Q1'26: +2.2% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Gold: -0.09×0.33× Q1'26: 0.18× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2011 actual |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 5 Rev. Ana. 4 EPS Ana. |
Dec 2027 6 Rev. Ana. 7 EPS Ana. |
Dec 2028 5 Rev. Ana. 2 EPS Ana. |
Dec 2029 2 Rev. Ana. 1 EPS Ana. |
Dec 2030 2 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
225.35M
est: 222.99M (+1.1%)
|
259.05M
est: 265.78M (-2.5%)
|
544.27M
est: 543.81M (+0.1%)
|
486.62M
est: 497.71M (-2.2%)
|
553.66M
est: 783.60M (-29.3%)
|
683.29M
est: 916.34M (-25.4%)
|
638.68M
est: 800.26M (-20.2%)
|
1.23B
est: 1.68B (-27.1%)
|
1.16B
est: 1.71B (-32.4%)
|
1.79B
est: 2.28B (-21.6%)
|
1.76B
est: 2.23B (-20.8%)
|
1.73B
est: 2.35B (-26.2%)
|
1.93B
est: 1.42B (+36.0%)
|
1.90B
est: 1.91B (-0.5%)
|
3.11B
est: 3.12B (0.0%)
|
4.10B
3.81B – 4.52B
+31.6% YoY
|
5.41B
4.55B – 6.51B
+31.9% YoY
|
5.63B
4.95B – 6.52B
+4.0% YoY
|
4.85B
4.27B – 5.61B
-13.9% YoY
|
4.09B
3.60B – 4.74B
-15.6% YoY
|
| EBITDA |
114.38M
est: 78.57M (+45.6%)
|
122.52M
est: 126.46M (-3.1%)
|
213.13M
est: 225.48M (-5.5%)
|
129.66M
est: 139.94M (-7.3%)
|
147.14M
est: -747.99M (+119.7%)
|
326.15M
est: -58.73M (+655.4%)
|
253.86M
est: 238.48M (+6.5%)
|
556.02M
est: 395.69M (+40.5%)
|
625.28M
est: 438.04M (+42.7%)
|
1.18B
est: 1.01B (+16.7%)
|
1.09B
est: 995.29M (+9.2%)
|
916.92M
est: 914.68M (+0.2%)
|
869.71M
est: 764.33M (+13.8%)
|
926.24M
est: 1.03B (-9.8%)
|
1.89B
est: 1.67B (+12.6%)
|
2.20B
2.05B – 2.43B
+31.6% YoY
|
2.91B
2.45B – 3.50B
+31.9% YoY
|
3.03B
2.66B – 3.51B
+4.0% YoY
|
2.60B
2.29B – 3.02B
-13.9% YoY
|
2.20B
1.94B – 2.55B
-15.6% YoY
|
| EBIT |
81.12M
est: 72.81M (+11.4%)
|
86.17M
est: 103.70M (-16.9%)
|
115.10M
est: 172.07M (-33.1%)
|
-441.55M
est: 85.12M (-618.8%)
|
-86.47M
est: -867.47M (+90.0%)
|
147.62M
est: -124.46M (+218.6%)
|
87.39M
est: 132.48M (-34.0%)
|
282.38M
est: 154.31M (+83.0%)
|
366.24M
est: 286.47M (+27.8%)
|
866.05M
est: 739.04M (+17.2%)
|
709.76M
est: 729.34M (-2.7%)
|
523.13M
est: 670.27M (-22.0%)
|
453.43M
est: 482.69M (-6.1%)
|
565.20M
est: 648.77M (-12.9%)
|
1.44B
est: 1.06B (+35.8%)
|
1.39B
1.29B – 1.53B
+31.6% YoY
|
1.84B
1.55B – 2.21B
+31.9% YoY
|
1.91B
1.68B – 2.21B
+4.0% YoY
|
1.65B
1.45B – 1.91B
-13.9% YoY
|
1.39B
1.22B – 1.61B
-15.6% YoY
|
| Net Income |
56.30M
est: 51.51M (+9.3%)
|
51.91M
est: 67.10M (-22.6%)
|
67.30M
est: 106.19M (-36.6%)
|
-665.27M
est: 61.59M (-1,180.1%)
|
-149.95M
est: -771.02M (+80.6%)
|
39.13M
est: -179.93M (+121.7%)
|
56.85M
est: 38.89M (+46.2%)
|
28.94M
est: 103.16M (-71.9%)
|
293.38M
est: 28.97M (+912.6%)
|
628.06M
est: 426.80M (+47.2%)
|
420.07M
est: 421.21M (-0.3%)
|
252.87M
est: 286.17M (-11.6%)
|
10.10M
est: -102.80M (+109.8%)
|
-629.89M
est: 313.73M (-300.8%)
|
408.94M
est: 809.01M (-49.5%)
|
1.11B
893.46M – 1.49B
+37.3% YoY
|
1.77B
1.27B – 3.33B
+59.4% YoY
|
1.80B
1.40B – 2.69B
+1.9% YoY
|
1.46B
1.24B – 1.77B
-18.8% YoY
|
1.36B
1.15B – 1.64B
-7.4% YoY
|
| SGA |
22.83M
est: 26.19M (-12.8%)
|
34.25M
est: 27.18M (+26.0%)
|
50.20M
est: 69.98M (-28.3%)
|
54.08M
est: 45.94M (+17.7%)
|
51.61M
est: 81.53M (-36.7%)
|
54.57M
est: 62.72M (-13.0%)
|
61.74M
est: 56.99M (+8.3%)
|
73.82M
est: 115.99M (-36.4%)
|
74.92M
est: 68.87M (+8.8%)
|
69.22M
est: 104.22M (-33.6%)
|
75.83M
est: 102.85M (-26.3%)
|
82.06M
est: 94.52M (-13.2%)
|
91.95M
est: 61.99M (+48.3%)
|
95.10M
est: 83.32M (+14.1%)
|
93.65M
est: 135.82M (-31.0%)
|
178.78M
166.30M – 196.94M
+31.6% YoY
|
235.84M
198.57M – 283.64M
+31.9% YoY
|
245.39M
216.01M – 284.33M
+4.0% YoY
|
211.26M
185.97M – 244.79M
-13.9% YoY
|
178.36M
157.01M – 206.66M
-15.6% YoY
|
| EPS |
0.17
est: 0.19 (-10.4%)
|
0.13
est: 0.17 (-24.6%)
|
0.11
est: 0.12 (-8.5%)
|
-0.90
est: 0.02 (-5,025.0%)
|
-0.16
est: 0.01 (-2,391.5%)
|
0.04
est: 0.13 (-68.5%)
|
0.06
est: 0.06 (+4.8%)
|
0.03
est: 0.17 (-84.2%)
|
0.29
est: 0.23 (+25.7%)
|
0.60
est: 0.51 (+18.7%)
|
0.40
est: 0.38 (+6.3%)
|
0.24
est: 0.26 (-5.9%)
|
0.01
est: -0.08 (+110.4%)
|
-0.48
est: 0.21 (-332.3%)
|
0.31
est: 0.53 (-41.8%)
|
0.74
0.60 – 1.01
+39.2% YoY
|
1.32
0.86 – 2.25
+78.0% YoY
|
1.38
0.94 – 1.81
+4.5% YoY
|
0.99
0.84 – 1.19
-28.3% YoY
|
0.92
0.77 – 1.11
-7.4% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-07 | A | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-06 | A | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-05 | A | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-04 | A | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-01 | A | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-04-30 | A | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-04-29 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-28 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-27 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-24 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-23 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-22 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-21 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-20 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-15 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
2.90B
OE per share TTM
1.89
Owner's Yield
32.01%
Maintenance CapEx ratio
364.94%
Maint CapEx / Avg PPE
145.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
649.4K
Shares Outstanding
1.34B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Clive Thomas Johnson | President, Chief Executive Officer & Director | 3M | male |
| William Lytle | Senior Vice President of Operations & Chief Operating Officer | 1M | male |
| Dennis Robert Stansbury | Senior Vice President of Engineering & Project Evaluations | 1M | male |
| Randall Chatwin | Senior Vice President of Legal & Corporate Communications | 1M | male |
| Victor J. King | Senior Vice President of Exploration | 1M | male |
| Michael Andrew Cinnamond | Senior Vice President of Finance & Chief Financial Officer | 1M | male |
| Kelvin Paul Michael Dushnisky | Executive Chair of the Board | 344.0K | male |
| Ninette Krohnert | Vice President of Human Resources | — | female |
| Peter D. Montano | Vice President of Projects | — | male |
| Michael McDonald | Vice President of Investor Relations, Corporate Development & Treasury | — | male |
| Kerry Suffolk | Treasurer | — | female |
| Ken Jones | Director of Sustainability | — | — |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for BTO.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
