Is BTG a high-quality business?

AlphaMadera's AlphaQuality grade scores B2Gold Corp. on six pillars — profitability, capital efficiency, balance-sheet strength, growth durability, cash generation, and shareholder yield. The composite letter grade reflects how BTG compares to a Buffett-style quality bar.

What is B2Gold Corp.'s AlphaQuality grade?

AlphaQuality assigns a letter grade (A through F) to BTG based on a six-pillar quantitative model. The live page shows the composite grade plus each pillar's individual score with the underlying metrics.

What makes BTG a quality stock?

AlphaQuality looks at return on capital, free-cash-flow margins, debt-to-equity, revenue stability, dividend and buyback policy, and operating-margin trend. Stocks scoring well across all six pillars earn higher grades — the methodology favors compounders over cyclicals.

BTG - B2Gold Corp.

Price: -- -- | CONSENSUS: Buy DETAILS | PRICE TARGET: $6.25 DETAILS

AlphaQuality

Quantitative six-pillar business-quality grade

Other Commodity Producers

AlphaQuality — archetype-weighted quantitative grade

C+ 60.9 / 100 composite

Composite Grade

Composite of six pillars weighted for other commodity producers businesses. Purely quantitative — no stock price or analyst input.

Profitability

Weight: 15%

C+ 57.3

5yr Avg ROIC 6.7% 43/100
Operating Margin Trend +1.31 pp/yr 90/100

Capital Efficiency

Weight: 10%

F 14.7

5yr Avg ROE 2.5% 23/100
5yr Share-Count CAGR 8.7% 0/100

Growth Quality

Weight: 5%

C- 49.6

5yr Revenue CAGR 14.8% 90/100
5yr EPS CAGR -8.5% 3/100
Revenue-Growth Years (5) 2/5 40/100

Cash Generation

Weight: 25%

B 74.8

5yr FCF Margin 15.6% 83/100
5yr FCF/NI Conversion 16.42x 65/100

Balance Sheet

Weight: 25%

A 92.3

Net Debt / EBITDA 0.17x 93/100
Interest Coverage (EBIT/Int) 26.91x 100/100
Altman Z-Score 3.07 81/100

Stability

Weight: 20%

D- 32.5

EPS Volatility (σ/μ) 0.86 6/100
Piotroski F-Score 6 67/100
Negative-Revenue Years (5) 3/5 40/100

3 of 3 gurus held; 1 added; 2 trimmed; 1 full exit.

Holders: 3
Avg Δ position: +232.1%
New buys: 0
Full exits: 1

Laffont sold -100%
Dalio increased +754%
Wood decreased -35%

How this is calculated

AlphaQuality grades six pillars from 0-100 and weights each by archetype:

Profitability (15%) — 5yr Avg ROIC, Operating Margin Trend
Capital Efficiency (10%) — 5yr Avg ROE, 5yr Share-Count CAGR
Growth Quality (5%) — 5yr Revenue CAGR, 5yr EPS CAGR, Revenue-Growth Years (5)
Cash Generation (25%) — 5yr FCF Margin, 5yr FCF/NI Conversion
Balance Sheet (25%) — Net Debt / EBITDA, Interest Coverage (EBIT/Int), Altman Z-Score
Stability (20%) — EPS Volatility (σ/μ), Piotroski F-Score, Negative-Revenue Years (5)

We deliberately ignore stock price, analyst targets, and consensus ratings so the grade is suitable for backtesting forward returns. A minimum of 5 fiscal years of audited statements is required; distressed and highly leveraged infrastructure businesses are declared ungradable rather than forced into a numeric score.