BTG
B2Gold Corp.
$4.98
+0.16
(+3.32%)
Mkt Cap
6.45B
Volume
20,891,745
52W Range
3.57-6.29
Sector
Basic Materials
Beta
1.35
EPS (TTM)
0.60 USD
P/E Ratio
8.07
Revenue (TTM)
3.75B USD
Rev Growth (5Y)
+11.3%
EPS Growth (5Y)
-12.4%
AlphaVal · Fair Value
What we estimate one share is worth
$4.32
Overvalued
weak signal
12.8% above fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C+
Other Commodity Producers
60.6 / 100 composite
A commodity producer — graded A–F vs. similar companies.
Company Description
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.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.06B | 1.90B | 1.93B | 1.73B | 1.76B | 1.79B | 1.16B | 1.23B | 638.68M | 683.29M | 553.66M | 486.62M |
| Net Income | 401.91M | (629.89M) | 10.10M | 252.87M | 420.06M | 628.06M | 293.38M | 28.94M | 56.85M | 39.13M | (149.95M) | (665.27M) |
| EPS | 0.31 | -0.48 | 0.01 | 0.24 | 0.40 | 0.60 | 0.29 | 0.03 | 0.06 | 0.04 | -0.16 | -0.90 |
| Free Cash Flow | 66.38M | (23.66M) | 638.09M | 300.50M | 467.53M | 667.28M | 213.29M | 179.27M | (217.40M) | 60.86M | (35.00M) | (130.52M) |
| FCF / Share | 0.05 | -0.02 | 0.52 | 0.28 | 0.44 | 0.64 | 0.21 | 0.17 | -0.22 | 0.06 | -0.04 | -0.18 |
| Operating CF | 892.75M | 877.60M | 714.45M | 567.91M | 711.56M | 987.76M | 480.52M | 450.87M | 155.00M | 411.81M | 175.40M | 113.70M |
| Total Assets | 5.87B | 4.81B | 4.85B | 3.68B | 3.56B | 3.36B | 2.68B | 2.55B | 2.69B | 2.34B | 2.02B | 2.12B |
| Total Debt | 629.31M | 437.62M | 191.14M | 57.20M | 75.03M | 110.02M | 261.85M | 479.54M | 702.18M | 486.78M | 463.19M | 379.29M |
| Cash & Equiv | 379.73M | 336.77M | 305.32M | 651.65M | 672.09M | 479.69M | 140.60M | 102.75M | 147.47M | 144.67M | 85.14M | 132.56M |
| Book Value | 3.59B | 2.98B | 3.79B | 3.01B | 2.86B | 2.57B | 1.99B | 1.61B | 1.55B | 1.44B | 1.30B | 1.47B |
| Return on Equity | 0.11 | -0.21 | 0.00 | 0.08 | 0.15 | 0.24 | 0.15 | 0.02 | 0.04 | 0.03 | -0.12 | -0.45 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 769.31M | 1.14B | 1.05B | 782.95M | 692.21M | 532.11M | 499.79M | 448.23M | 492.57M | 461.44M | 511.97M | 477.89M |
| Net Income | 406.74M | 197.17M | 170.58M | 19.31M | 154.42M | 57.59M | (11.88M) | (633.76M) | (24.00M) | 39.75M | (113.22M) | (43.07M) |
| EPS | 0.31 | 0.15 | 0.13 | 0.01 | 0.12 | 0.04 | -0.01 | -0.48 | -0.02 | 0.03 | -0.09 | -0.03 |
| Free Cash Flow | (237.30M) | 359.69M | 127.62M | (80.50M) | 17.13M | (4.81M) | (117.45M) | (230.08M) | (141.68M) | 477.03M | (47.39M) | (98.20M) |
| FCF / Share | -0.18 | 0.27 | 0.10 | -0.06 | 0.01 | -0.00 | -0.09 | -0.18 | -0.11 | 0.37 | -0.04 | -0.08 |
| Operating CF | (75.58M) | 523.39M | 289.14M | 160.87M | 255.08M | 174.76M | 120.54M | (16.10M) | 66.06M | 710.73M | 209.13M | 107.67M |
| Total Assets | 5.74B | 5.98B | 5.87B | 5.69B | 5.31B | 5.10B | 4.81B | 4.78B | 5.18B | 5.30B | 4.85B | 4.83B |
| Total Debt | 455.54M | 521.60M | 629.31M | 636.99M | 434.35M | 425.16M | 437.62M | 373.37M | 40.50M | 45.22M | 191.14M | 49.22M |
| Cash & Equiv | 286.23M | 480.97M | 379.73M | 366.87M | 308.49M | 330.14M | 336.77M | 430.43M | 466.77M | 567.81M | 305.32M | 308.09M |
| Book Value | 3.97B | 3.68B | 3.59B | 3.32B | 3.27B | 3.13B | 2.98B | 3.03B | 3.76B | 3.83B | 3.79B | 3.94B |
| Return on Equity | 0.10 | 0.05 | 0.05 | 0.01 | 0.05 | 0.02 | -0.00 | -0.21 | -0.01 | 0.01 | -0.03 | -0.01 |
BTG News
B2Gold Strengthens Goose Mine Operations With Crushing Upgrades
B2Gold Corp. (TSE:BTO) Stock Has Consensus Target Price of C$9.33
B2Gold Corp (NYSEAMERICAN:BTG) Receives Consensus Rating of “Buy” from Brokerages
B2Gold Targets Goose Ramp-Up, Fekola Growth and Higher Shareholder Returns
B2Gold (TSE:BTO) Share Price Crosses Above 200 Day Moving Average – Should You Sell?
B2Gold: Mali Said Yes, And The Buybacks Can Now Do The Heavy Lifting
Wall Street Bulls Look Optimistic About B2Gold (BTG): Should You Buy?
Can Strong Production at Otjikoto Mine Boost B2Gold's Growth?
B2Gold Has High Operational Risk, But It Remains An Attractive Option
B2Gold: Not The July Bargain, Still A Buy On Leftover Cash-Flow Drivers