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BTG stock logo

BTG

B2Gold Corp.

$4.69
-0.1
 (-1.99%)
Exchange:  AMEX
Market Cap:  6.191B
Shares Outstanding:  32.385M
Delayed data
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Basic MaterialsView sector performance
Industry:  GoldView industry performance
   
CEO:  Michael Andrew Cinnamond
Full Time Employees:  6327
Address: 
Park Place
Vancouver
BC
V6C 2X8
CA
Website:  https://www.b2gold.com
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.

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Revenue Segmentation

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BTG full analysis

19/05/2026

Hey everyone, welcome back to the channel where we break down stocks like we're chatting over coffee about our next big investment move. Today we're diving deep into B2Gold, ticker BTG, a gold producer that's been turning heads with its operational momentum and forward-looking growth story. Gold prices have been on fire lately, and B2Gold is right in the middle of a re-rating setup that could unlock serious upside if they execute on their pipeline. Let's start with the basics…

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Industry Peers

TICKERCOMPANYMKT CAPP/EFWD P/EROIC
BTBTG logoBTGB2Gold Corp.6.2B8.28.416.7%
OROR logoOROR Royalties Inc.6.1B21.625.314.2%
AUAUGO logoAUGOAura Minerals6.1B21.79.932.5%
SSSSRM logoSSRMSSR Mining Inc.5.7B21.57.516,430.1%
OGOGC logoOGCOceanaGold Corporation5.4B6.46.326.3%
EGEGO logoEGOEldorado Gold Corporation8.1B11.19.97.3%

EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/05/09 — Q1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue1,934,2721,902,0303,061,238
Gross Profit780,001706,1951,530,783
EBITDA736,62993,0321,455,332
Operating Income674,636594,8031,404,584
Net Income10,097-629,891401,908

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets4,874,6194,813,9985,868,616.526
Total Liabilities964,6441,778,3012,233,727.539
Total Stockholders Equity3,810,3792,983,0653,587,025.250
Total Debt220,964437,883629,305.668
Cash and Cash Equivalents306,895336,971379,731.685

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow714,453877,604892,748.162
Capital Expenditure-824,858-901,262-826,367.118
Free Cash Flow-102,825.744-23,657.99966,381.044
Net Income10,282.167-629,891408,943.614
Net Change in Cash-345,05130,07642,961.123

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2030Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)4,134,851.592Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)4,402,077.235Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)4,287,231.250Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)2,335,035.479Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)2,461,714.446Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)2,407,278.855Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)1,177,963.305Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)1,278,039.689Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)1,235,035.572Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)169,065.794Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)179,992.115Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)175,296.293Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)0.830Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)0.860Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)0.800Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)1Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)5Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
1.811B  ?P/S
 (TTM)
: 
1.68
?Net Income
 (TTM)
: 
-599.648M  ?P/E
 (TTM)
: 
8.17
?Enterprise Value
 (TTM)
: 
6.482B  ?EV/FCF
 (TTM)
: 
38.43
?Dividend Yield
 (TTM)
: 
1.66%  ?Payout Ratio
 (TTM)
: 
12.97%
?ROE
 (TTM)
: 
21.87%  ?ROIC
 (TTM)
: 
16.68%
?Net Debt
 (TTM)
: 
89.294M  ?Debt/Equity
 (TTM)
: 
0.11
?P/B
 (TTM)
: 
1.6  ?Current Ratio
 (TTM)
: 
1.58

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
8.37Research AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

Strengths (preview)

  • Met revised 2024 production guidance, demonstrating operational discipline amid execution pressures.
  • Emphasis on growth from existing assets supports capital-efficient scaling without major new project risks.
  • Forward-looking commentary highlights expected production uplift and financial performance gains in 2025.

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MarketSnap estimates BTG intrinsic value between $4.89 – $8.22 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate BTG Intrinsic Value

Common questions about BTG valuation

Is B2Gold Corp. (BTG) overvalued or undervalued right now?

MarketSnap estimates intrinsic value for B2Gold Corp. (BTG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is BTG a buy, hold, or sell for long-term investors?

MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BTG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is BTG’s P/E ratio?

You can see BTG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for BTG?

MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is BTG a good long-term investment?

Whether BTG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

Research tools for B2Gold Corp.

  • B2Gold Corp. intrinsic value calculatorEstimate what the business is worth
  • B2Gold Corp. 5-year outlookWhat has to go right, and what could go wrong
BTG

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-1.99
MarketSnap

Trading Metrics:

Open: 4.8   Previous Close: 4.78
Day Low: 4.66   Day High: 4.81
Year Low: 3.57   Year High: 6.29
Price Avg 50: 5.32   Price Avg 200: 4.82
Volume: 1.889M   Average Volume: 23.673M

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See in Nexus

Relevant news

B2Gold Third Quarter 2026 Results – Conference Call Details
14-10-2026 17:30
B2Gold Third Quarter 2026 Results – Conference Call Details
B2Gold Strengthens Goose Mine Operations With Crushing Upgrades
02-10-2026 13:31
B2Gold Strengthens Goose Mine Operations With Crushing Upgrades
B2Gold Targets Goose Ramp-Up, Fekola Growth and Higher Shareholder Returns
30-09-2026 05:02
B2Gold Targets Goose Ramp-Up, Fekola Growth and Higher Shareholder Returns
B2Gold: Mali Said Yes, And The Buybacks Can Now Do The Heavy Lifting
23-09-2026 10:16
B2Gold: Mali Said Yes, And The Buybacks Can Now Do The Heavy Lifting
Can Strong Production at Otjikoto Mine Boost B2Gold's Growth?
21-09-2026 12:46
Can Strong Production at Otjikoto Mine Boost B2Gold's Growth?
B2Gold Has High Operational Risk, But It Remains An Attractive Option
21-09-2026 09:50
B2Gold Has High Operational Risk, But It Remains An Attractive Option

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