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 8.14B
Enterprise Value 7.94B Income 401.91M Sales 3.06B
Book/sh 2.68 Cash/sh 0.29 Dividend Yield 139.00%
Payout 66.67% Employees — IPO —
P/E 40.60 Forward P/E 5.10 PEG —
P/S 2.66 P/B 2.27 P/C —
EV/EBITDA 5.11 EV/Sales 2.59 Quick Ratio 0.44
Current Ratio 1.06 Debt/Eq 16.43 LT Debt/Eq —
EPS (ttm) 0.15 EPS next Y 1.19 EPS Growth —
Revenue Growth 110.90% Earnings 2026-05-06 ROA 13.16%
ROE 12.78% ROIC — Gross Margin 64.41%
Oper. Margin 39.86% Profit Margin 13.13% Shs Outstand 1.34B
Shs Float 1.26B Short Float — Short Ratio 1.43
Short Interest — 52W High 6.10 52W Low 2.53
Beta 1.00 Avg Volume 39.69M Volume 42.81M
Target Price $6.36 Recom Buy Prev Close $5.74
Price $6.09 Change 6.10%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.36
Mean price target
2. Current target
$6.09
Latest analyst target
3. DCF / Fair value
$7.98
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.09
Low
$4.30
High
$8.00
Mean
$6.36

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 Url Text Insider Position Transaction Start Date Ownership Value
0 4700100 — — B2Gold Corp Issuer — 2026-01-30 00:00:00 D nan
1 807000 — Redemption, retraction, cancelation, repurchase at price 5.42 per share. B2Gold Corp Issuer — 2026-01-27 00:00:00 D 4369905.0
2 805700 — Redemption, retraction, cancelation, repurchase at price 5.44 per share. B2Gold Corp Issuer — 2026-01-26 00:00:00 D 4385425.0
3 12600 — Redemption, retraction, cancelation, repurchase at price 5.07 per share. B2Gold Corp Issuer — 2026-01-22 00:00:00 D 63894.0
4 820300 — Redemption, retraction, cancelation, repurchase at price 5.00 per share. B2Gold Corp Issuer — 2026-01-21 00:00:00 D 4103960.0
5 778400 — Redemption, retraction, cancelation, repurchase at price 4.85 per share. B2Gold Corp Issuer — 2026-01-20 00:00:00 D 3775240.0
6 724200 — Redemption, retraction, cancelation, repurchase at price 4.74 per share. B2Gold Corp Issuer — 2026-01-19 00:00:00 D 3431983.0
7 751900 — Redemption, retraction, cancelation, repurchase at price 4.57 per share. B2Gold Corp Issuer — 2026-01-16 00:00:00 D 3436934.0
8 10 — Acquisition in the public market at price 4.57 per share. Weisman (Robin Leslie) Director of Issuer — 2025-12-16 00:00:00 D 45.0
9 8650 — Acquisition in the public market at price 4.61 per share. Oke,Mary-Lynn Ida Director of Issuer — 2025-12-15 00:00:00 D 39902.0
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-129.96M-151.51M-1.40M12.42M
TaxRateForCalcs0.150.400.260.37
NormalizedEBITDA959.45M1.12B930.66M1.08B
TotalUnusualItems-866.41M-378.77M-5.35M33.98M
TotalUnusualItemsExcludingGoodwill-866.41M-378.77M-5.35M33.98M
NetIncomeFromContinuingOperationNetMinorityInterest-629.89M10.10M252.87M420.06M
ReconciledDepreciation367.41M402.37M383.85M378.89M
ReconciledCostOfRevenue1.20B1.15B1.13B993.71M
EBITDA93.03M736.63M925.31M1.12B
EBIT-274.38M334.26M541.46M738.02M
NetInterestIncome-14.11M4.59M1.12M-8.81M
InterestExpense34.85M13.93M10.84M11.80M
InterestIncome20.73M18.52M11.96M2.98M
NormalizedIncome106.56M237.36M256.82M398.50M
NetIncomeFromContinuingAndDiscontinuedOperation-629.89M10.10M252.87M420.06M
TotalExpenses1.33B1.26B1.22B1.08B
TotalOperatingIncomeAsReported-248.33M327.40M502.40M713.59M
DilutedAverageShares1.31B1.24B1.07B1.06B
BasicAverageShares1.31B1.23B1.06B1.05B
DilutedEPS-0.480.010.240.40
BasicEPS-0.480.010.240.40
DilutedNIAvailtoComStockholders-629.89M10.10M252.87M420.06M
NetIncomeCommonStockholders-629.89M10.10M252.87M420.06M
NetIncome-629.89M10.10M252.87M420.06M
MinorityInterests-3.24M-31.49M-33.85M-40.76M
NetIncomeIncludingNoncontrollingInterests-626.65M41.59M286.72M460.82M
NetIncomeContinuousOperations-626.65M41.59M286.72M460.82M
TaxProvision317.43M278.75M243.89M265.40M
PretaxIncome-309.22M320.33M530.62M726.23M
OtherIncomeExpense-863.78M-358.90M12.97M48.60M
OtherNonOperatingIncomeExpenses-4.06M8.13M-2.93M
SpecialIncomeCharges-813.06M-355.15M-14.26M15.50M
GainOnSaleOfPPE56.12M0.00-2.80M22.46M
GainOnSaleOfBusiness7.84M-943.00K
ImpairmentOfCapitalAssets877.01M342.05M11.46M6.96M
RestructuringAndMergernAcquisition0.0012.15M0.00
EarningsFromEquityInterest2.63M19.87M10.18M17.54M
GainOnSaleOfSecurity-53.35M-23.62M8.91M18.48M
NetNonOperatingInterestIncomeExpense-14.11M4.59M1.12M-8.81M
InterestExpenseNonOperating34.85M13.93M10.84M11.80M
InterestIncomeNonOperating20.73M18.52M11.96M2.98M
OperatingIncome568.67M674.64M516.53M686.44M
OperatingExpense137.52M105.36M87.72M82.11M
OtherOperatingExpenses40.15M16.48M8.39M9.35M
OtherTaxes13.21M5.60M
SellingGeneralAndAdministration84.16M83.28M79.32M72.76M
GeneralAndAdministrativeExpense84.16M83.28M79.32M72.76M
OtherGandA59.48M62.36M54.48M50.19M
SalariesAndWages24.68M20.92M24.84M22.57M
GrossProfit706.20M780.00M604.24M768.55M
CostOfRevenue1.20B1.15B1.13B993.71M
TotalRevenue1.90B1.93B1.73B1.76B
OperatingRevenue1.90B1.93B1.73B1.76B
Line Item2024-12-312023-12-31
TreasurySharesNumber0.001.71M
OrdinarySharesNumber1.32B1.30B1.07B1.06B
ShareIssued1.32B1.30B1.07B1.06B
NetDebt61.60M
TotalDebt437.88M192.12M57.23M75.13M
TangibleBookValue2.98B3.81B3.01B2.86B
InvestedCapital3.38B4.00B3.07B2.94B
WorkingCapital321.10M397.26M801.55M814.93M
NetTangibleAssets2.98B3.81B3.01B2.86B
CapitalLeaseObligations29.29M28.84M33.25M
CommonStockEquity2.98B3.81B3.01B2.86B
TotalCapitalization3.38B3.99B3.05B2.91B
TotalEquityGrossMinorityInterest3.04B3.91B3.11B2.96B
MinorityInterest52.63M99.60M103.66M100.71M
StockholdersEquity2.98B3.81B3.01B2.86B
GainsLossesNotAffectingRetainedEarnings-102.77M-125.26M-145.87M-136.30M
OtherEquityAdjustments-102.77M-125.26M-145.87M-136.30M
RetainedEarnings-515.62M395.85M588.14M507.38M
AdditionalPaidInCapital91.18M84.97M78.23M67.03M
CapitalStock3.51B3.45B2.49B2.42B
CommonStock3.51B3.45B2.49B2.42B
TotalLiabilitiesNetMinorityInterest1.78B964.64M569.44M600.29M
TotalNonCurrentLiabilitiesNetMinorityInterest1.20B651.17M335.83M369.10M
OtherNonCurrentLiabilities182.13M163.42M7.92M7.82M
DerivativeProductLiabilities139.60M0.00
EmployeeBenefits18.41M19.17M8.12M7.12M
NonCurrentDeferredLiabilities435.07M188.11M182.51M187.89M
NonCurrentDeferredRevenue265.33M0.00
NonCurrentDeferredTaxesLiabilities169.74M188.11M182.51M187.89M
LongTermDebtAndCapitalLeaseObligation421.46M175.87M41.71M49.73M
LongTermCapitalLeaseObligation22.89M23.90M28.35M
LongTermDebt398.57M175.87M41.71M49.73M
LongTermProvisions140.54M104.61M95.57M116.55M
CurrentLiabilities580.69M313.47M233.62M231.19M
OtherCurrentLiabilities24.41M6.37M2.14M1.06M
CurrentDeferredLiabilities272.78M0.00
CurrentDeferredRevenue272.78M0.00
CurrentDebtAndCapitalLeaseObligation16.42M16.26M15.52M25.41M
CurrentCapitalLeaseObligation6.40M4.94M4.91M
CurrentDebt16.26M15.52M25.41M
CurrentProvisions7.17M3.05M5.54M734.00K
PayablesAndAccruedExpenses259.91M287.80M210.41M203.99M
Payables259.91M287.80M210.41M203.99M
TotalTaxPayable103.56M120.68M95.62M92.28M
AccountsPayable156.35M167.12M114.79M111.72M
TotalAssets4.81B4.87B3.68B3.56B
TotalNonCurrentAssets3.91B4.16B2.65B2.52B
OtherNonCurrentAssets194.02M157.94M86.29M73.41M
NonCurrentPrepaidAssets14.47M0.00
NonCurrentDeferredAssets0.0016.93M6.71M10.41M
NonCurrentDeferredTaxesAssets0.0016.93M0.001.46M
NonCurrentNoteReceivables0.005.76M5.09M0.00
NonCurrentAccountsReceivable244.15M199.67M121.32M63.16M
FinancialAssets2.60M
InvestmentsAndAdvances168.13M220.10M151.91M136.35M
OtherInvestments76.72M86.01M31.86M32.12M
InvestmentinFinancialAssets32.12M
LongTermEquityInvestment91.42M134.09M120.05M104.24M
InvestmentsinAssociatesatCost91.42M134.09M120.05M
NetPPE3.29B3.56B2.27B2.23B
AccumulatedDepreciation-4.08B-2.85B-2.14B-1.54B
GrossPPE7.37B6.41B4.41B3.77B
ConstructionInProgress1.26B1.39B16.60M0.00
MachineryFurnitureEquipment32.42M28.54M
BuildingsAndImprovements2.09B1.95B1.68B
CurrentAssets901.79M710.73M1.04B1.05B
HedgingAssetsCurrent2.22M481.00K5.01M12.82M
AssetsHeldForSaleCurrent0.0012.70M
PrepaidAssets18.91M19.17M16.87M11.44M
Inventory477.59M346.50M332.03M272.35M
FinishedGoods34.18M53.06M49.47M52.87M
WorkInProcess45.61M18.22M14.65M13.26M
RawMaterials397.80M275.21M267.91M206.23M
Receivables54.54M37.69M29.32M63.80M
OtherReceivables8.36M7.84M10.79M49.41M
TaxesReceivable46.17M29.85M18.53M14.39M
CashCashEquivalentsAndShortTermInvestments348.54M306.89M651.95M673.00M
OtherShortTermInvestments11.56M
CashAndCashEquivalents336.97M306.89M651.95M673.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow860.74M638.09M521.23M724.11M
RepaymentOfDebt-217.57M-19.49M-26.42M-32.69M
IssuanceOfDebt457.78M150.00M0.005.31M
IssuanceOfCapitalStock10.07M0.00
CapitalExpenditure-16.86M-76.37M-74.57M-302.32M
EndCashPosition336.97M306.89M651.95M673.00M
BeginningCashPosition306.89M651.95M673.00M479.69M
EffectOfExchangeRateChanges-15.15M-21.66M-16.78M-10.29M
ChangesInCash45.23M-323.40M-4.27M203.61M
FinancingCashFlow-69.07M-192.51M-211.28M-234.23M
CashFlowFromContinuingFinancingActivities-69.07M-192.51M-211.28M-234.23M
NetOtherFinancingCharges-126.19M-144.57M-24.05M-38.69M
InterestPaidCFF-11.65M-4.58M-4.46M-6.23M
ProceedsFromStockOptionExercised3.12M12.85M14.28M6.43M
CashDividendsPaid-184.63M-186.72M-170.63M-168.37M
CommonStockDividendPaid-184.63M-186.72M-170.63M-168.37M
NetCommonStockIssuance10.07M0.00
CommonStockIssuance10.07M0.00
NetIssuancePaymentsOfDebt240.21M130.51M-26.42M-27.37M
NetShortTermDebtIssuance150.00M0.00-3.37M
ShortTermDebtPayments-3.37M
ShortTermDebtIssuance150.00M0.00
NetLongTermDebtIssuance240.21M130.51M-26.42M-27.37M
LongTermDebtPayments-217.57M-19.49M-26.42M-32.69M
LongTermDebtIssuance457.78M150.00M663.00K5.31M
InvestingCashFlow-763.30M-845.34M-388.78M-286.28M
CashFlowFromContinuingInvestingActivities-763.30M-845.34M-388.78M-286.28M
NetOtherInvestingChanges-910.17M-767.10M-331.76M-312.02M
NetInvestmentPurchaseAndSale65.01M-33.28M-7.74M0.00
SaleOfInvestment97.95M0.00
PurchaseOfInvestment-32.94M-33.28M-7.74M0.00
NetBusinessPurchaseAndSale91.21M31.41M25.29M-5.95M
SaleOfBusiness100.30M38.08M46.41M0.00
PurchaseOfBusiness-9.09M-6.67M-21.13M-5.95M
NetPPEPurchaseAndSale7.50M-20.39M-48.26M31.68M
SaleOfPPE7.50M0.000.0031.68M
PurchaseOfPPE0.00-20.39M-48.26M0.00
CapitalExpenditureReported-16.86M-55.98M-26.31M-302.32M
OperatingCashFlow877.60M714.45M595.80M724.11M
CashFlowFromContinuingOperatingActivities877.60M714.45M595.80M724.11M
ChangeInWorkingCapital-282.78M-127.42M-116.08M-105.92M
ChangeInPayablesAndAccruedExpense-22.42M28.28M2.18M-32.32M
ChangeInPayable-22.42M28.28M2.18M-32.32M
ChangeInAccountPayable-1.24M-21.38M1.19M12.08M
ChangeInTaxPayable-21.18M49.66M994.00K-44.40M
ChangeInIncomeTaxPayable-21.18M49.66M994.00K-44.40M
ChangeInInventory-185.75M-50.48M-50.27M-24.04M
ChangeInReceivables-74.61M-105.21M-67.98M-49.56M
ChangesInAccountReceivables-215.00K147.00K-3.92M568.00K
OtherNonCashItems574.84M61.25M6.02M18.95M
StockBasedCompensation24.34M18.17M24.68M22.57M
AssetImpairmentCharge877.01M342.05M11.46M6.96M
DeferredTax7.39M-9.14M-3.92M-5.27M
DeferredIncomeTax7.39M-9.14M-3.92M-5.27M
DepreciationAmortizationDepletion367.41M402.37M383.85M378.89M
OperatingGainsLosses-63.95M-14.43M3.06M-52.89M
EarningsLossesFromEquityInvestments-2.63M-19.87M-10.18M-17.54M
GainLossOnInvestmentSecurities2.63M4.50M10.44M-12.88M
GainLossOnSaleOfPPE-56.12M0.002.80M-22.46M
GainLossOnSaleOfBusiness-7.84M943.00K
NetIncomeFromContinuingOperations-626.65M41.59M286.72M460.82M
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 Asset Broker Type Position Size Entry Price Patterns