B2Gold Corp. (BTG)
NYSEAMERICAN: BTG · Real-Time Price · USD
4.530
+0.310 (7.35%)
At close: Mar 31, 2026, 4:00 PM EDT
4.560
+0.030 (0.66%)
After-hours: Mar 31, 2026, 8:00 PM EDT

B2Gold Statistics

Total Valuation

B2Gold has a market cap or net worth of $6.05 billion. The enterprise value is $6.31 billion.

Market Cap6.05B
Enterprise Value 6.31B

Important Dates

The next estimated earnings date is Wednesday, May 6, 2026, after market close.

Earnings Date May 6, 2026
Ex-Dividend Date Mar 6, 2026

Share Statistics

B2Gold has 1.34 billion shares outstanding. The number of shares has increased by 13.14% in one year.

Current Share Class 1.34B
Shares Outstanding 1.34B
Shares Change (YoY) +13.14%
Shares Change (QoQ) +1.04%
Owned by Insiders (%) 0.80%
Owned by Institutions (%) 63.69%
Float 1.26B

Valuation Ratios

The trailing PE ratio is 15.06 and the forward PE ratio is 6.43.

PE Ratio 15.06
Forward PE 6.43
PS Ratio 1.98
Forward PS 1.44
PB Ratio 1.66
P/TBV Ratio 1.68
P/FCF Ratio 93.24
P/OCF Ratio 6.76
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 4.05, with an EV/FCF ratio of 97.19.

EV / Earnings 15.70
EV / Sales 2.06
EV / EBITDA 4.05
EV / EBIT 5.57
EV / FCF 97.19

Financial Position

The company has a current ratio of 1.06, with a Debt / Equity ratio of 0.16.

Current Ratio 1.06
Quick Ratio 0.44
Debt / Equity 0.16
Debt / EBITDA 0.38
Debt / FCF 9.22
Interest Coverage 30.03

Financial Efficiency

Return on equity (ROE) is 12.78% and return on invested capital (ROIC) is 13.21%.

Return on Equity (ROE) 12.78%
Return on Assets (ROA) 13.24%
Return on Invested Capital (ROIC) 13.21%
Return on Capital Employed (ROCE) 23.50%
Weighted Average Cost of Capital (WACC) 10.07%
Revenue Per Employee $1.38M
Profits Per Employee $181,694
Employee Count2,212
Asset Turnover 0.57
Inventory Turnover 1.97

Taxes

In the past 12 months, B2Gold has paid $550.10 million in taxes.

Income Tax 550.10M
Effective Tax Rate 56.32%

Stock Price Statistics

The stock price has increased by +57.29% in the last 52 weeks. The beta is 1.19, so B2Gold's price volatility has been higher than the market average.

Beta (5Y) 1.19
52-Week Price Change +57.29%
50-Day Moving Average 5.12
200-Day Moving Average 4.48
Relative Strength Index (RSI) 45.29
Average Volume (20 Days) 31,668,858

Short Selling Information

The latest short interest is 57.25 million, so 4.28% of the outstanding shares have been sold short.

Short Interest 57.25M
Short Previous Month 70.17M
Short % of Shares Out 4.28%
Short % of Float 4.55%
Short Ratio (days to cover) 1.89

Income Statement

In the last 12 months, B2Gold had revenue of $3.06 billion and earned $401.91 million in profits. Earnings per share was $0.28.

Revenue3.06B
Gross Profit 1.97B
Operating Income 1.13B
Pretax Income 976.80M
Net Income 401.91M
EBITDA 1.56B
EBIT 1.13B
Earnings Per Share (EPS) $0.28
Full Income Statement

Balance Sheet

The company has $385.29 million in cash and $598.31 million in debt, with a net cash position of -$213.02 million or -$0.16 per share.

Cash & Cash Equivalents 385.29M
Total Debt 598.31M
Net Cash -213.02M
Net Cash Per Share -$0.16
Equity (Book Value) 3.64B
Book Value Per Share 2.68
Working Capital 68.42M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $895.84 million and capital expenditures -$830.91 million, giving a free cash flow of $64.93 million.

Operating Cash Flow 895.84M
Capital Expenditures -830.91M
Depreciation & Amortization 426.95M
Net Borrowing 177.16M
Free Cash Flow 64.93M
FCF Per Share $0.05
Full Cash Flow Statement

Margins

Gross margin is 64.41%, with operating and profit margins of 36.99% and 13.13%.

Gross Margin 64.41%
Operating Margin 36.99%
Pretax Margin 31.91%
Profit Margin 13.13%
EBITDA Margin 50.93%
EBIT Margin 36.99%
FCF Margin 2.12%

Dividends & Yields

This stock pays an annual dividend of $0.08, which amounts to a dividend yield of 1.77%.

Dividend Per Share $0.08
Dividend Yield 1.77%
Dividend Growth (YoY) -42.86%
Years of Dividend Growth n/a
Payout Ratio 28.92%
Buyback Yield -13.14%
Shareholder Yield -11.38%
Earnings Yield 6.64%
FCF Yield 1.07%
Dividend Details

Analyst Forecast

The average price target for B2Gold is $6.00, which is 32.45% higher than the current price. The consensus rating is "Buy".

Price Target $6.00
Price Target Difference 32.45%
Analyst Consensus Buy
Analyst Count 2
Revenue Growth Forecast (5Y) 11.62%
EPS Growth Forecast (5Y) 37.99%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

B2Gold has an Altman Z-Score of 2.41 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.41
Piotroski F-Score 6