BTG Chart
About

B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia. In addition, the company has a portfolio of other evaluation and exploration assets in Mali, Canada and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Gold Market Cap 6.50B
Enterprise Value 6.73B Income 401.91M Sales 3.06B
Book/sh 2.68 Cash/sh 0.29 Dividend Yield 165.00%
Payout 28.57% Employees IPO
P/E 17.29 Forward P/E 4.17 PEG
P/S 2.12 P/B 1.81 P/C
EV/EBITDA 4.32 EV/Sales 2.20 Quick Ratio 0.44
Current Ratio 1.06 Debt/Eq 16.43 LT Debt/Eq
EPS (ttm) 0.28 EPS next Y 1.16 EPS Growth
Revenue Growth 110.90% Earnings 2026-05-06 ROA 13.23%
ROE 12.78% ROIC Gross Margin 64.41%
Oper. Margin 40.45% Profit Margin 13.13% Shs Outstand 1.34B
Shs Float 1.26B Short Float Short Ratio 1.37
Short Interest 52W High 6.29 52W Low 2.53
Beta 1.19 Avg Volume 39.34M Volume 24.47M
Target Price $6.82 Recom Buy Prev Close $4.85
Price $4.84 Change -0.21%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.82
Mean price target
2. Current target
$4.84
Latest analyst target
3. DCF / Fair value
$7.99
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.84
Low
$5.10
High
$8.00
Mean
$6.82

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-21 main CIBC Neutral → Neutral $6
2025-10-10 main Raymond James Outperform → Outperform $6
2025-10-10 main CIBC Neutral → Neutral $7
2025-07-15 main CIBC Neutral → Neutral $4
2025-03-20 main CIBC Neutral → Neutral $4
2025-01-15 main CIBC Neutral → Neutral $3
2024-10-04 main Jefferies Buy → Buy $5
2024-09-24 main CIBC Neutral → Neutral $4
2024-09-17 reit RBC Capital Sector Perform → Sector Perform $4
2024-07-12 main Jefferies Buy → Buy $4
2024-07-10 main CIBC Neutral → Neutral $4
2024-02-29 init Jefferies — → Buy $4
2023-09-29 reit RBC Capital Sector Perform → Sector Perform $4
2023-03-08 reit RBC Capital — → Sector Perform $4
2022-09-12 up TD Securities Buy → Action List Buy
2022-01-18 main Raymond James — → Outperform $6
2021-12-10 down JP Morgan Neutral → Underweight
2020-01-22 main B of A Securities — → Buy $6
2017-03-02 init B of A Securities — → Buy $4
2016-09-20 up Dundee Neutral → Buy
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 29531 158551.0 Exercise of rights at price 5.37 per share. Bartz, Eduard Senior Officer of Issuer 2026-03-10 00:00:00 D
1 29531 157223.0 Disposition in the public market at price 5.32 per share. Bartz, Eduard Senior Officer of Issuer 2026-03-10 00:00:00 D
2 34901 187383.0 Exercise of rights at price 5.37 per share. Brown (Andrew Bruce) Senior Officer of Issuer 2026-03-10 00:00:00 D
3 20348 108332.0 Disposition in the public market at price 5.32 per share. Brown (Andrew Bruce) Senior Officer of Issuer 2026-03-10 00:00:00 D
4 150339 807170.0 Exercise of rights at price 5.37 per share. Johnson (Clive Thomas) Director of Issuer 2026-03-10 00:00:00 D
5 87636 466574.0 Disposition in the public market at price 5.32 per share. Johnson (Clive Thomas) Director of Issuer 2026-03-10 00:00:00 D
6 77855 418003.0 Exercise of rights at price 5.37 per share. King (Victor John) Senior Officer of Issuer 2026-03-10 00:00:00 D
7 45386 241635.0 Disposition in the public market at price 5.32 per share. King (Victor John) Senior Officer of Issuer 2026-03-10 00:00:00 D
8 34901 187383.0 Exercise of rights at price 5.37 per share. Krohnert (Ninette) Senior Officer of Issuer 2026-03-10 00:00:00 D
9 20348 108332.0 Disposition in the public market at price 5.32 per share. Krohnert (Ninette) Senior Officer of Issuer 2026-03-10 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-60.94M-132.66M-151.51M-1.40M
TaxRateForCalcs0.150.150.400.26
NormalizedEBITDA1.86B977.44M1.12B930.66M
TotalUnusualItems-406.28M-884.41M-378.77M-5.35M
TotalUnusualItemsExcludingGoodwill-406.28M-884.41M-378.77M-5.35M
NetIncomeFromContinuingOperationNetMinorityInterest401.91M-629.89M10.10M252.87M
ReconciledDepreciation440.83M367.41M402.37M383.85M
ReconciledCostOfRevenue1.53B1.20B1.15B1.13B
EBITDA1.46B93.03M736.63M925.31M
EBIT1.01B-274.38M334.26M541.46M
NetInterestIncome-25.25M-14.11M4.59M1.12M
InterestExpense37.70M34.85M13.93M10.84M
InterestIncome12.45M20.73M18.52M11.96M
NormalizedIncome747.24M121.85M237.36M256.82M
NetIncomeFromContinuingAndDiscontinuedOperation401.91M-629.89M10.10M252.87M
TotalExpenses1.66B1.31B1.26B1.22B
RentExpenseSupplemental-147.69M-93.39M
TotalOperatingIncomeAsReported1.38B-248.33M327.40M502.40M
DilutedAverageShares1.34B1.31B1.24B1.07B
BasicAverageShares1.34B1.31B1.23B1.06B
DilutedEPS-0.480.010.240.40
BasicEPS-0.480.010.240.40
DilutedNIAvailtoComStockholders401.91M-629.89M10.10M252.87M
NetIncomeCommonStockholders401.91M-629.89M10.10M252.87M
NetIncome401.91M-629.89M10.10M252.87M
MinorityInterests-24.79M-3.24M-31.49M-33.85M
NetIncomeIncludingNoncontrollingInterests426.70M-626.65M41.59M286.72M
NetIncomeContinuousOperations426.70M-626.65M41.59M286.72M
TaxProvision550.10M317.43M278.75M243.89M
PretaxIncome976.80M-309.22M320.33M530.62M
OtherIncomeExpense-402.08M-889.91M-358.90M12.97M
OtherNonOperatingIncomeExpenses4.95M-8.14M-4.06M8.13M
SpecialIncomeCharges-11.38M-831.05M-355.15M-14.26M
GainOnSaleOfPPE-6.26M54.92M0.00-2.80M
GainOnSaleOfBusiness0.007.84M-943.00K
OtherSpecialCharges16.80M
ImpairmentOfCapitalAssets5.12M877.01M342.05M11.46M
RestructuringAndMergernAcquisition0.0012.15M0.00
EarningsFromEquityInterest-755.00K2.63M19.87M10.18M
GainOnSaleOfSecurity-394.90M-53.35M-23.62M8.91M
NetNonOperatingInterestIncomeExpense-25.25M-14.11M4.59M1.12M
InterestExpenseNonOperating37.70M34.85M13.93M10.84M
InterestIncomeNonOperating12.45M20.73M18.52M11.96M
OperatingIncome1.40B594.80M674.64M516.53M
OperatingExpense126.20M111.39M105.36M87.72M
OtherOperatingExpenses19.77M14.02M16.48M8.39M
OtherTaxes14.39M13.21M5.60M
SellingGeneralAndAdministration92.04M84.16M83.28M79.32M
GeneralAndAdministrativeExpense92.04M84.16M83.28M79.32M
OtherGandA67.09M59.48M62.36M54.48M
SalariesAndWages24.95M24.68M20.92M24.84M
GrossProfit1.53B706.20M780.00M604.24M
CostOfRevenue1.53B1.20B1.15B1.13B
TotalRevenue3.06B1.90B1.93B1.73B
OperatingRevenue3.06B1.90B1.93B1.73B
Line Item2024-12-312023-12-31
TreasurySharesNumber0.001.71M
OrdinarySharesNumber1.34B1.32B1.30B1.07B
ShareIssued1.34B1.32B1.30B1.07B
NetDebt165.68M100.91M
TotalDebt598.31M437.88M192.12M57.23M
TangibleBookValue3.59B2.98B3.81B3.01B
InvestedCapital4.14B3.42B4.00B3.07B
WorkingCapital68.42M321.10M397.26M801.55M
NetTangibleAssets3.59B2.98B3.81B3.01B
CapitalLeaseObligations52.21M29.29M28.84M33.25M
CommonStockEquity3.59B2.98B3.81B3.01B
TotalCapitalization4.13B3.40B3.99B3.05B
TotalEquityGrossMinorityInterest3.64B3.04B3.91B3.11B
MinorityInterest47.95M52.63M99.60M103.66M
StockholdersEquity3.59B2.98B3.81B3.01B
GainsLossesNotAffectingRetainedEarnings55.95M-102.77M-125.26M-145.87M
OtherEquityAdjustments55.95M-102.77M-125.26M-145.87M
RetainedEarnings-220.61M-515.62M395.85M588.14M
AdditionalPaidInCapital151.22M91.18M84.97M78.23M
CapitalStock3.61B3.51B3.45B2.49B
CommonStock3.61B3.51B3.45B2.49B
TotalLiabilitiesNetMinorityInterest2.24B1.78B964.64M569.44M
TotalNonCurrentLiabilitiesNetMinorityInterest1.18B1.20B651.17M335.83M
OtherNonCurrentLiabilities284.37M182.13M163.42M7.92M
DerivativeProductLiabilities139.60M0.00
EmployeeBenefits25.10M18.41M19.17M8.12M
NonCurrentDeferredLiabilities151.34M435.07M188.11M182.51M
NonCurrentDeferredRevenue0.00265.33M0.00
NonCurrentDeferredTaxesLiabilities151.34M169.74M188.11M182.51M
LongTermDebtAndCapitalLeaseObligation564.44M421.46M175.87M41.71M
LongTermCapitalLeaseObligation32.14M22.89M23.90M28.35M
LongTermDebt532.30M421.46M175.87M41.71M
LongTermProvisions151.29M140.54M104.61M95.57M
CurrentLiabilities1.06B580.69M313.47M233.62M
OtherCurrentLiabilities281.94M24.41M6.37M2.14M
CurrentDeferredLiabilities285.46M272.78M0.00
CurrentDeferredRevenue285.46M272.78M0.00
CurrentDebtAndCapitalLeaseObligation33.87M16.42M16.26M15.52M
CurrentCapitalLeaseObligation20.07M6.40M4.94M4.91M
CurrentDebt13.80M16.42M16.26M15.52M
OtherCurrentBorrowings13.80M16.42M
CurrentProvisions18.11M7.17M3.05M5.54M
PayablesAndAccruedExpenses441.88M259.91M287.80M210.41M
Payables441.88M259.91M287.80M210.41M
TotalTaxPayable267.07M103.56M120.68M95.62M
AccountsPayable174.80M156.35M167.12M114.79M
TotalAssets5.88B4.81B4.87B3.68B
TotalNonCurrentAssets4.75B3.91B4.16B2.65B
OtherNonCurrentAssets252.58M194.02M157.94M86.29M
NonCurrentPrepaidAssets0.0014.47M0.00
NonCurrentDeferredAssets76.44M0.0016.93M6.71M
NonCurrentDeferredTaxesAssets76.44M0.0016.93M0.00
NonCurrentNoteReceivables0.005.76M5.09M0.00
NonCurrentAccountsReceivable276.04M244.15M199.67M121.32M
FinancialAssets2.60M
InvestmentsAndAdvances384.25M168.13M220.10M151.91M
OtherInvestments286.07M76.72M86.01M31.86M
InvestmentinFinancialAssets32.12M
LongTermEquityInvestment98.18M91.42M134.09M120.05M
InvestmentsinAssociatesatCost98.18M91.42M134.09M120.05M
NetPPE3.76B3.29B3.56B2.27B
AccumulatedDepreciation-4.14B-4.08B-2.85B-2.14B
GrossPPE7.90B7.37B6.41B4.41B
ConstructionInProgress9.60M1.26B1.39B16.60M
MachineryFurnitureEquipment32.42M28.54M
BuildingsAndImprovements3.63B2.09B1.95B1.68B
CurrentAssets1.13B901.79M710.73M1.04B
HedgingAssetsCurrent0.002.22M481.00K5.01M
AssetsHeldForSaleCurrent0.0012.70M
PrepaidAssets36.83M18.91M19.17M16.87M
Inventory627.23M477.59M346.50M332.03M
FinishedGoods67.44M34.18M53.06M49.47M
WorkInProcess45.82M45.61M18.22M14.65M
RawMaterials513.97M397.80M275.21M267.91M
Receivables80.33M54.54M37.69M29.32M
OtherReceivables16.59M8.36M7.84M10.79M
TaxesReceivable63.73M46.17M29.85M18.53M
CashCashEquivalentsAndShortTermInvestments385.29M348.54M306.89M651.95M
OtherShortTermInvestments4.87M11.56M
CashAndCashEquivalents380.42M336.97M306.89M651.95M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow895.84M877.60M638.09M521.23M
RepurchaseOfCapitalStock-9.85M0.00
RepaymentOfDebt-486.08M-217.57M-19.49M-26.42M
IssuanceOfDebt663.25M453.53M150.00M0.00
IssuanceOfCapitalStock13.92M10.07M0.00
CapitalExpenditure-16.86M-76.37M-74.57M-302.32M
EndCashPosition380.42M336.97M306.89M651.95M
BeginningCashPosition336.97M306.89M651.95M673.00M
EffectOfExchangeRateChanges-18.29M-15.15M-21.66M-16.78M
ChangesInCash61.74M45.23M-323.40M-4.27M
FinancingCashFlow58.65M-69.07M-192.51M-211.28M
CashFlowFromContinuingFinancingActivities58.65M-69.07M-192.51M-211.28M
NetOtherFinancingCharges-66.78M-121.95M-144.57M-24.05M
InterestPaidCFF-18.45M-11.65M-4.58M-4.46M
ProceedsFromStockOptionExercised66.08M3.12M12.85M14.28M
CashDividendsPaid-103.44M-184.63M-186.72M-170.63M
CommonStockDividendPaid-103.44M-184.63M-186.72M-170.63M
NetCommonStockIssuance4.07M10.07M0.00
CommonStockPayments-9.85M0.00
CommonStockIssuance13.92M10.07M0.00
NetIssuancePaymentsOfDebt177.16M235.96M130.51M-26.42M
NetShortTermDebtIssuance150.00M0.00-3.37M
ShortTermDebtPayments-3.37M
ShortTermDebtIssuance150.00M0.00
NetLongTermDebtIssuance177.16M235.96M130.51M-26.42M
LongTermDebtPayments-486.08M-217.57M-19.49M-26.42M
LongTermDebtIssuance663.25M453.53M150.00M663.00K
InvestingCashFlow-892.74M-763.30M-845.34M-388.78M
CashFlowFromContinuingInvestingActivities-892.74M-763.30M-845.34M-388.78M
NetOtherInvestingChanges-872.00M-927.03M-767.10M-331.76M
NetInvestmentPurchaseAndSale-15.94M65.01M-33.28M-7.74M
SaleOfInvestment54.95M97.95M0.00
PurchaseOfInvestment-70.89M-32.94M-33.28M-7.74M
NetBusinessPurchaseAndSale-4.80M91.21M31.41M25.29M
SaleOfBusiness0.00100.30M38.08M46.41M
PurchaseOfBusiness-4.80M-9.09M-6.67M-21.13M
NetPPEPurchaseAndSale0.007.50M-20.39M-48.26M
SaleOfPPE0.007.50M0.000.00
PurchaseOfPPE0.00-20.39M-48.26M0.00
CapitalExpenditureReported-16.86M-55.98M-26.31M-302.32M
OperatingCashFlow895.84M877.60M714.45M595.80M
CashFlowFromContinuingOperatingActivities895.84M877.60M714.45M595.80M
ChangeInWorkingCapital-44.62M-282.78M-127.42M-116.08M
ChangeInPayablesAndAccruedExpense288.57M-22.42M28.28M2.18M
ChangeInPayable288.57M-22.42M28.28M2.18M
ChangeInAccountPayable69.04M-1.24M-21.38M1.19M
ChangeInTaxPayable219.53M-21.18M49.66M994.00K
ChangeInIncomeTaxPayable219.53M-21.18M49.66M994.00K
ChangeInInventory-193.34M-185.75M-50.48M-50.27M
ChangeInReceivables-139.85M-74.61M-105.21M-67.98M
ChangesInAccountReceivables-12.68M-215.00K147.00K-3.92M
OtherNonCashItems-102.28M571.01M61.25M6.02M
StockBasedCompensation22.93M24.34M18.17M24.68M
AssetImpairmentCharge5.12M877.01M342.05M11.46M
DeferredTax-132.03M7.39M-9.14M-3.92M
DeferredIncomeTax-132.03M7.39M-9.14M-3.92M
DepreciationAmortizationDepletion440.83M367.41M402.37M383.85M
OperatingGainsLosses279.19M-60.12M-14.43M3.06M
EarningsLossesFromEquityInvestments-2.63M-19.87M-10.18M-17.54M
GainLossOnInvestmentSecurities272.93M2.63M4.50M10.44M
GainLossOnSaleOfPPE6.26M-54.92M0.002.80M
GainLossOnSaleOfBusiness0.00-7.84M943.00K
NetIncomeFromContinuingOperations426.70M-626.65M41.59M286.72M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for BTG
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status