BTG

B2Gold Corp.

Fundamental data last updated:September 8, 2026

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company profile

SECTOR

Basic Materials

industry

Gold

Exchange

AMEX

County of HQ

CA

Next Earnings Date

Pending Announcement

Business Summary

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Uzbekistan, and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

 


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VALUATION

P/E

11.35

Market Cap ($M USD)

$6.18B

Forward P/E

5.01

PEG

0.04

PRICE TO SALES

1.69

PRICE TO BOOK

1.69

EV / EBITDA

2.97

5-Year Average P/E

Free Cash Flow Yield

6.94%

DCF Value

$3.35

Graham Number

$5.00

Price to FCF

14.40

EV to FCF

14.50

Earnings Yield

8.76%

FCF Yield

6.94%

DIVIDEND

Yield

1.73%

Annual Payout

$0.08

Payout Ratio

19.17%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.41

Next Year EPS Growth Estimate

$0.92

Next Year Revenue Growth Estimate

$4.16B

Return on Equity (ROE)

15.70%

FREE CASH FLOW

Operating Margin

48.49%

Debt-to-Equity

0.18

Piotroski F-Score

6

Altman Z-Score

3.11

Return on Invested Capital (ROIC)

36.61%

Current Ratio

1.19

Quick Ratio

0.59

Net Debt to EBITDA

0.02

Interest Coverage

35.39

Gross Profit margin

54.39%

FCF PER SHARE

$0.32

REVENUE PER SHARE

$2.74

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Gainseekers Quantitative Analysis

Summary

B2Gold Corp. presents a compelling valuation story. Recent pricing indicated it traded below its DCF Value and Graham Number, suggesting a potential undervaluation. The Forward P/E of 5.67 and an Earnings Yield of 7.64% highlight its attractive earnings potential relative to price. With an Altman Z-score of 3.20, the company appears financially stable, reducing the risk of distress. This combination of metrics paints a picture of a stock that the market may be underestimating.

AI Exposure / Tech Reliance

Operating in the gold industry, B2Gold is less directly impacted by AI and tech shifts compared to tech-centric sectors. However, advancements in mining technology and data analytics could enhance operational efficiency. The company's resilience will depend on its ability to integrate such technologies to optimize production and reduce costs.

The Bull Case

For value and GARP investors, B2Gold shines with its robust ROIC of 36.61%, indicating exceptional capital efficiency. A Piotroski F-Score of 6 suggests solid financial health, while a Free Cash Flow Yield of 6.06% underscores its ability to generate cash. The impressive operating margin of 48.49% reflects strong pricing power, making it an attractive buy for those seeking a blend of value and growth.

The Bear Case

Despite its strengths, B2Gold is not without risks. The Price/Book and Price/Sales ratios, both near 1.93, suggest the stock isn't a deep bargain. Additionally, the quick ratio of 0.59 raises concerns about liquidity, potentially limiting its ability to cover short-term obligations. With the stock trading closer to its 52-week high, there may be limited upside without further catalysts.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$6.50

Institutional Ownership %

1-Year Beta

1.29

Insider Buying % (6 Mo)

Distance to 52-Week High

36.74%

Distance to 52-Week Low

28.04%

EARNINGS SURPRISE %

72.73%

50-DAY SMA

$4.67

200-DAY SMA

$4.73

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.