Company Overview
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.
Why Investors Should Care
Generates a return on equity of 22.6%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 29.1%.
Net profit has compounded at 16.7% per year over the last five years.
Revenue has grown at a 20.9% CAGR over the past five years.
Trades at a P/E of 9.7, below the sector median of 22.2.
Maintains a net profit margin of 21.3%.
Recent Developments
- Dec 2025 Revenue of $3.06B (+60.9% YoY); net profit $401.91M.
- Trailing 12 Months Year-on-year growth — revenue +14.0%, earnings +185.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 20.9%, profit CAGR 16.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 20.89% |
| 1 Year: | 14.00% |
Compounded Profit Growth
| 5 Years: | 16.70% |
| 1 Year: | 185.40% |
Stock Price Performance
| 1 Year: | +42.44% |
| 6 Months: | +3.93% |
| 3 Months: | +32.30% |
| 1 Month: | +8.35% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)56.88 · Neutral
P/E of 9.73 is below the sector median of 22.16 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 22.6%.
- Healthy ROCE of 29.1%.
- Excellent profit margin of 21.3%.
- Compounding revenue at 20.9% over 5 years.
- Profit CAGR of 16.7% over 5 years.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Basic Materials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BTG B2Gold Corp. | 5.45 | 9.73 | $7.20B | 1.47% | 29.15% | 22.64% | 20.89% | 16.70% |
| 2 | LIN Linde plc NDXSPXR3K | 468.38 | 30.22 | $215.91B | 1.40% | 12.46% | 18.40% | 13.90% | 18.47% |
| 3 | SCCO Southern Copper Corporation R3K | 208.56 | 31.27 | $176.10B | 2.24% | 36.40% | 49.90% | 8.32% | 3.80% |
| 4 | NEM Newmont Corporation SPXR3K | 127.09 | 16.01 | $133.91B | 0.84% | - | 25.91% | 6.53% | 20.15% |
| 5 | RIO Rio Tinto Group | 103.83 | 14.07 | $130.27B | 4.78% | 13.65% | 19.31% | 1.24% | -7.00% |
| 6 | FCX Freeport-McMoRan Inc. SPXR3K | 76.62 | 37.56 | $110.03B | 0.78% | 12.50% | 14.75% | 1.35% | -1.26% |
| 7 | AEM Agnico Eagle Mines Limited | 201.84 | 17.27 | $102.20B | 0.88% | 19.78% | 22.97% | 27.53% | 88.11% |
| 8 | SHW The Sherwin-Williams Company SPXR3K | 326.09 | 30.05 | $79.16B | 1.00% | 21.93% | 65.12% | 6.18% | 8.26% |
| 9 | ECL Ecolab Inc. SPXR3K | 278.11 | 37.33 | $77.96B | 1.05% | 15.10% | 21.96% | 6.55% | 9.74% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 532.11M | 692.21M | 782.95M | 1.05B | 1.16B |
| Cost of Revenue | - | 294.36M | 340.77M | 392.60M | 502.73M | 548.89M |
| Gross Profit | - | 237.75M | 351.44M | 390.35M | 551.25M | 609.77M |
| Operating Expenses | - | 31.77M | 34.13M | 35.64M | 20.18M | 36.74M |
| Operating Income | - | 205.98M | 317.31M | 354.71M | 531.07M | 573.03M |
| EBITDA | - | 228.05M | 393.96M | 307.18M | 382.24M | 520.37M |
| Interest Expense | - | 5.72M | 4.85M | 4.73M | 22.39M | 18.40M |
| Pretax Income | - | 132.77M | 286.40M | 197.79M | 359.85M | 501.97M |
| Tax Provision | - | 70.20M | 125.64M | 174.66M | 179.59M | 296.42M |
| Net Income | - | 57.59M | 154.42M | 19.31M | 170.58M | 199.94M |
| Diluted EPS | - | 0.04 | 0.10 | 0.01 | 0.11 | 0.14 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 1.73B | 1.93B | 1.90B | 3.06B |
| Cost of Revenue | 1.13B | 1.15B | 1.20B | 1.53B |
| Gross Profit | 604.24M | 780.00M | 706.20M | 1.53B |
| Operating Expenses | 87.72M | 105.36M | 111.39M | 126.20M |
| Operating Income | 516.53M | 674.64M | 594.80M | 1.40B |
| EBITDA | 925.31M | 736.63M | 93.03M | 1.46B |
| Interest Expense | 10.84M | 13.93M | 34.85M | 37.70M |
| Pretax Income | 530.62M | 320.33M | -309.22M | 976.80M |
| Tax Provision | 243.89M | 278.75M | 317.43M | 550.10M |
| Net Income | 252.87M | 10.10M | -629.89M | 401.91M |
| Diluted EPS | 0.24 | 0.01 | -0.48 | 0.28 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 3.68B | 4.87B | 4.81B | 5.88B |
| Current Assets | - | 1.04B | 710.73M | 901.79M | 1.13B |
| Cash & Equivalents | - | 651.95M | 306.89M | 336.97M | 380.42M |
| Inventory | - | 332.03M | 346.50M | 477.59M | 627.23M |
| Receivables | - | - | - | - | 58.29M |
| Total Liabilities | - | 569.44M | 964.64M | 1.78B | 2.24B |
| Current Liabilities | - | 233.62M | 313.47M | 580.69M | 1.06B |
| Long Term Debt | - | 41.71M | 175.87M | 421.46M | 564.44M |
| Total Debt | - | 57.23M | 192.12M | 437.88M | 598.31M |
| Total Equity | - | 3.01B | 3.81B | 2.98B | 3.59B |
| Shares Outstanding | - | 1.07B | 1.30B | 1.32B | 1.34B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 595.80M | 714.45M | 877.60M | 895.84M |
| Investing Cash Flow | - | -388.78M | -845.34M | -763.30M | -892.74M |
| Financing Cash Flow | - | -211.28M | -192.51M | -69.07M | 58.65M |
| Capital Expenditure | -302.32M | -74.57M | -76.37M | -16.86M | - |
| Free Cash Flow | - | 521.23M | 638.09M | 877.60M | 895.84M |
| Net Change in Cash | - | -4.27M | -323.40M | 45.23M | 61.74M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Gross Margin % | 34.9% | 40.3% | 37.1% | 50.0% |
| Operating Margin % | 29.8% | 34.9% | 31.3% | 45.9% |
| Net Margin % | 14.6% | 0.5% | -33.1% | 13.1% |
| ROE % | 8.4% | 0.3% | -21.1% | 11.2% |
| ROCE % | 15.0% | 14.8% | 14.1% | 29.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Van Eck Associates Corporation | 6.91% | 91.12M | $500.24M |
| 2 | Pale Fire Capital SE | 4.89% | 64.56M | $354.44M |
| 3 | L1 Capital Pty Ltd | 3.70% | 48.84M | $268.12M |
| 4 | American Century Companies Inc | 2.98% | 39.29M | $215.72M |
| 5 | Vanguard Capital Management LLC | 2.80% | 36.88M | $202.49M |
| 6 | Two Sigma Investments, LP | 2.76% | 36.46M | $200.18M |
| 7 | Dimensional Fund Advisors LP | 2.68% | 35.30M | $193.82M |
| 8 | Connor Clark & Lunn Investment Management Ltd | 2.18% | 28.77M | $157.94M |
| 9 | Millennium Management Llc | 1.88% | 24.80M | $136.16M |
| 10 | Shaw D.E. & Co., Inc. | 1.45% | 19.12M | $104.95M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BTG
B2Gold Stock Slides 10% After-Hours As Earnings Miss Dulls Shine Of Record Revenue - Stocktwits
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An employee died after a pipe burst at B2Gold’s Philippines gold project - Stock Titan
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BTG — Frequently Asked Questions
What is the current share price of B2Gold Corp. (BTG)?
As of 2026-09-19 21:16 PDT, B2Gold Corp. (BTG) trades at $5.45 on NYSE American. Its 52-week range is $3.65 to $6.16.
What is the market capitalisation of BTG?
B2Gold Corp. (BTG) has a market capitalisation of $7.20B on NYSE American.
What is the P/E ratio of BTG?
BTG trades at a trailing price-to-earnings (P/E) ratio of 9.73. The industry average P/E is 22.16. Its price-to-book (P/B) ratio is 1.84.
Does BTG pay a dividend?
B2Gold Corp. (BTG) currently offers a dividend yield of 1.47%.
What is the return on equity (ROE) of BTG?
BTG has a return on equity (ROE) of 22.64%. Its return on capital employed (ROCE) is 29.15%.
Is BTG a good stock to buy?
This page provides a data-driven analysis of B2Gold Corp. (BTG), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.