Price
$5.03+30.31%Social Signal Score
Analyst Ratings
9 analystsRevenue
$769.31M+298.50%Analyst Estimates
Consensus estimates, not results. Via Financial Modeling Prep.
Company Profile
- CEO
- Michael Andrew Cinnamond
- Sector
- Basic Materials
- Industry
- Gold
- Employees
- 6,327
- Beta
- 1.35
- Country
- CA
- Piotroski score
- 6 / 9 (Middling)
- Altman Z-score
- 3.98
Financials
Revenue
$769.31M+298.5%Net Income
$406.74M+1064.7%EBITDA
$391.39M+328.5%Free Cash Flow
$-237.30M-3443.6%EPS (diluted)
$0.28+660.9%Shares Outstanding (diluted)
1.49B+53.4%Operating Expenses
$23.82MCash & Debt
$289.68MReturn of Capital
$115.21MRevenue by Segment (annual)
$30.00MDividend per Share
$0.02Quote
Valuation & Ratios
Returns & Efficiency
Revenue & Net Income (Annual)
| Fiscal Year | Revenue | Net Income | EPS |
|---|---|---|---|
| 2025 | $3.06B | $401.91M | $0.31 |
| 2024 | $1.90B | $-629.89M | $-0.48 |
| 2023 | $1.93B | $10.10M | $0.01 |
| 2022 | $1.73B | $252.87M | $0.24 |
| 2021 | $1.76B | $420.06M | $0.40 |
| 2020 | $1.79B | $628.06M | $0.60 |
| 2019 | $1.16B | $293.38M | $0.29 |
| 2018 | $1.23B | $28.94M | $0.03 |
| 2017 | $638.68M | $56.85M | $0.06 |
| 2016 | $683.29M | $39.13M | $0.04 |
| 2015 | $553.66M | $-149.95M | $-0.16 |
| 2014 | $486.62M | $-665.27M | $-0.90 |
| 2013 | $544.27M | $67.30M | $0.10 |
| 2012 | $259.05M | $51.91M | $0.14 |
Valuation
Project earnings forward and see what return today's price implies.
Seeded from BTG's reported EPS growth of 6.3% a year over 13 years.
- EPS in 5 years
- $0.41
- Implied price
- $6.17
- Return from $5.20
- 3.5% a year
To earn 15.0% a year on these assumptions you'd need to buy at $3.07 — -41.0% below today's price.
How sensitive is that answer?
Annual return across nearby assumptions. If the result is only attractive in one corner, that is the finding.
| growth \ P/E | 11 | 13 | 15 | 17 | 19 |
|---|---|---|---|---|---|
| -3.7% | -11.9% | -8.9% | -6.2% | -3.9% | -1.7% |
| 1.3% | -7.3% | -4.2% | -1.4% | 1.1% | 3.4% |
| 6.3% | -2.7% | 0.6% | 3.5% | 6.1% | 8.5% |
| 11.3% | 1.8% | 5.3% | 8.4% | 11.1% | 13.6% |
| 16.3% | 6.4% | 10.0% | 13.2% | 16.1% | 18.7% |
This is arithmetic on assumptions you chose, not a forecast or a recommendation. It ignores dividends, buybacks, share issuance and debt, and it assumes a company still earning money in 5 years. Change any input and the answer changes a lot — that sensitivity is the honest result, not a flaw in the model.
Signal Score (90d)
80-50.41%Social Signal Score
Mentions (14)
- Newszacks.com·3d ago·Positive
B2Gold Strengthens Goose Mine Operations With Crushing Upgrades BTG advances Goose mine crushing upgrades, targeting higher throughput while retaining its 2026 production guidance.
View source ↗ - Newsmarketbeat.com·6d ago·Neutral
B2Gold Targets Goose Ramp-Up, Fekola Growth and Higher Shareholder Returns B2Gold NYSEAMERICAN: BTG President and CEO Mike Cinnamond outlined the gold miner's operating priorities, project updates and capital-allocation plans during a conference discussion, emphasizing execution at the Goose project, progress at the Fekola complex and potential growth from existing assets.
View source ↗ - Newsseekingalpha.com·12d ago·Positive
B2Gold: Mali Said Yes, And The Buybacks Can Now Do The Heavy Lifting B2Gold is rated Buy, with a projected 20% annual return by 2030, driven by operational improvements and margin expansion. Key catalysts are Fekola Regional's permit, Goose ramping up to 4,000 tpd by H2 2027, and full resolution of prepay and hedge drag by 2027. Production is forecast to rise from 870 koz in 2024 to ~1,040 koz by 2028, with operating cash flow margin expanding from 19% to 41%.
View source ↗ - Newszacks.com·13d ago·Neutral
Wall Street Bulls Look Optimistic About B2Gold (BTG): Should You Buy? The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
View source ↗ - Newsseekingalpha.com·18d ago·Positive
B2Gold: Not The July Bargain, Still A Buy On Leftover Cash-Flow Drivers B2Gold is rated a cautious Buy after a ~50% rally, with Mali expansion approval and hedges rolling off as key catalysts. Forward drivers include a cash flow inflection expected in H2 2027, robust shareholder returns (~7% floor), and improving AISC as new projects ramp. Valuation now sits near historical averages (~3.3x forward EBITDA), with sector discounts justified by West Africa exposure and production concentration.
View source ↗ - Newsseekingalpha.com·21d ago·Positive
B2Gold's Great Inflection: Cash Flow Will Follow As Prepay Overhang Is Gone B2Gold Corp. remains a 'Buy' as I see significant medium-term upside, driven by operational improvements and capital returns. BTG's restrictive gold prepay contract has ended, with full unhedged status expected by January 2027, positioning for higher realized prices and production ramp. Expanded buybacks and robust dividends led to a 98% YoY increase in capital returned to shareholders in 1H 2026.
View source ↗ - Newszacks.com·25d ago·Positive
BTG's All-in Sustaining Costs Rise Sharply in Q2: What Lies Ahead? B2Gold's costs surged in the first half of 2026, but stronger production and lower cost guidance offer a brighter outlook for the miner.
View source ↗ - Newszacks.com·32d ago·Positive
BTG Goose Mine's Q2 Output Hit by Fire: Are 2026 Targets on Track? B2Gold's Goose Mine ramp-up was disrupted by a Q2 crushing-circuit fire, but repairs and upgrades aim to support growth.
View source ↗ - Newsglobenewswire.com·38d ago·Negative
B2Gold Reports Fatality at the Masbate Gold Project VANCOUVER, British Columbia, Aug. 28, 2026 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) regrets to report that a fatality occurred at the Masbate Gold Project in the Philippines on Friday, August 28, 2026. The employee was performing scheduled maintenance at the Water Treatment Plant when a pipe burst, resulting in a fatal injury.
View source ↗ - Newszacks.com·40d ago·Neutral
Can Menankoto Permit Accelerate B2Gold's Fekola Regional Growth? BTG's Menankoto permit clears the way for Fekola Regional to ramp up, targeting more than 150,000 ounces annually from 2028.
View source ↗ - Newsseekingalpha.com·56d ago·Neutral
B2Gold: Fekola Regional Permitted, Prepay Ended - Cash Flow Set To Surge B2Gold is at a pivotal inflection, with the Goose Mine ramping up, the Fekola Regional permit secured, and the gold prepay agreement completed. Q2 2026 results highlighted underlying operational strength, with production and AISC outperforming expectations despite headline EPS misses and Goose Mine disruptions. Fekola Regional's permit unlocks high-margin growth, while the asset sale to Agnico Eagle and prepay completion st
View source ↗ - Newsmarketbeat.com·57d ago·Neutral
B2Gold Q2 Earnings Call Highlights B2Gold NYSEAMERICAN: BTG said the Government of Mali granted the Menankoto Exploitation Permit, clearing the company to begin mining-related activities within the permit area and advance the Fekola Regional deposit. The company requested a temporary trading halt before its second-quarter conference call to disseminate the material news.
View source ↗ - Newsseekingalpha.com·59d ago·Neutral
B2Gold: Goose Setbacks Don't Change The Re-Rating Story B2Gold Corp. remains a Strong Buy, supported by robust operations, attractive valuation, and potential re-rating catalysts despite operational setbacks at Goose. BTG's gold prepay agreement has ended, freeing future cash flow while enabling full exposure to spot gold prices, while buybacks and dividends yield a combined 8.2%. Guidance was modestly reduced to 820,000–920,000 ounces in 2026, but AISC guidance improved, and the Menankoto permi
View source ↗ - Newsseekingalpha.com·59d ago·Positive
B2Gold: Mali Delivers, And So Does The Quarter B2Gold secured the critical Fekola Regional permit in Mali, unlocking a clear pathway to 150,000 ounces of annual gold production from 2028. Q2 results exceeded expectations with strong production, lower costs, and improved guidance; the gold prepay overhang is now removed, setting up a cash flow surge in H2 2026. B2Gold remains deeply undervalued, trading at a significant discount to sector multiples even after a 20% share price jump.
View source ↗
Earnings
Wed, Nov 4(in 4 weeks)
Consensus estimate $0.15 per share
Typical surprise -20.0% (median, so one quarter with a near-zero estimate can't distort it)
- Thu, Aug 6$0.03 vs $0.07miss
- Wed, May 6$0.19 vs $0.11beat
- Wed, Feb 18$0.11 vs $0.20miss
- Wed, Nov 5$0.14 vs $0.15miss
- Thu, Aug 7$0.12 vs $0.15miss
- Wed, May 7$0.09 vs $0.08beat
Estimates and results for BTG via Financial Modeling Prep. Beating consensus says the company cleared the bar analysts set, not that the business grew.
Congress trades
No disclosed congressional trades in BTG.
Self-reported filings, amounts as brackets. Via Senate/House disclosures.