B2Gold Corp. (BTG)
NYSEAMERICAN: BTG · Real-Time Price · USD
3.805
-0.165 (-4.16%)
Nov 20, 2025, 1:40 PM EST - Market open

B2Gold Statistics

Total Valuation

B2Gold has a market cap or net worth of $5.31 billion. The enterprise value is $5.61 billion.

Market Cap5.31B
Enterprise Value 5.61B

Important Dates

The last earnings date was Wednesday, November 5, 2025, after market close.

Earnings Date Nov 5, 2025
Ex-Dividend Date Sep 10, 2025

Share Statistics

B2Gold has 1.34 billion shares outstanding. The number of shares has increased by 9.92% in one year.

Current Share Class 1.34B
Shares Outstanding 1.34B
Shares Change (YoY) +9.92%
Shares Change (QoQ) +0.36%
Owned by Insiders (%) 0.78%
Owned by Institutions (%) 65.44%
Float 1.33B

Valuation Ratios

The trailing PE ratio is 24.77 and the forward PE ratio is 5.47.

PE Ratio 24.77
Forward PE 5.47
PS Ratio 2.12
Forward PS n/a
PB Ratio 1.57
P/TBV Ratio 1.60
P/FCF Ratio n/a
P/OCF Ratio 7.31
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 25.58
EV / Sales 2.24
EV / EBITDA 2.74
EV / EBIT 3.39
EV / FCF n/a

Financial Position

The company has a current ratio of 1.03, with a Debt / Equity ratio of 0.19.

Current Ratio 1.03
Quick Ratio 0.42
Debt / Equity 0.19
Debt / EBITDA 0.31
Debt / FCF n/a
Interest Coverage 63.38

Financial Efficiency

Return on equity (ROE) is 7.23% and return on invested capital (ROIC) is 27.86%.

Return on Equity (ROE) 7.23%
Return on Assets (ROA) 19.77%
Return on Invested Capital (ROIC) 27.86%
Return on Capital Employed (ROCE) 35.60%
Revenue Per Employee $1.13M
Profits Per Employee $99,206
Employee Count2,212
Asset Turnover 0.48
Inventory Turnover 1.97

Taxes

In the past 12 months, B2Gold has paid $488.14 million in taxes.

Income Tax 488.14M
Effective Tax Rate 67.31%

Stock Price Statistics

The stock price has increased by +35.54% in the last 52 weeks. The beta is 0.95, so B2Gold's price volatility has been similar to the market average.

Beta (5Y) 0.95
52-Week Price Change +35.54%
50-Day Moving Average 4.73
200-Day Moving Average 3.68
Relative Strength Index (RSI) 31.55
Average Volume (20 Days) 45,282,853

Short Selling Information

The latest short interest is 44.04 million, so 3.30% of the outstanding shares have been sold short.

Short Interest 44.04M
Short Previous Month 57.84M
Short % of Shares Out 3.30%
Short % of Float 3.32%
Short Ratio (days to cover) 0.79

Income Statement

In the last 12 months, B2Gold had revenue of $2.51 billion and earned $219.44 million in profits. Earnings per share was $0.15.

Revenue2.51B
Gross Profit 1.54B
Operating Income 1.66B
Pretax Income 725.26M
Net Income 219.44M
EBITDA 2.05B
EBIT 1.66B
Earnings Per Share (EPS) $0.15
Full Income Statement

Balance Sheet

The company has $375.65 million in cash and $637.61 million in debt, giving a net cash position of -$261.96 million or -$0.20 per share.

Cash & Cash Equivalents 375.65M
Total Debt 637.61M
Net Cash -261.96M
Net Cash Per Share -$0.20
Equity (Book Value) 3.37B
Book Value Per Share 2.50
Working Capital 34.90M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $725.80 million and capital expenditures -$902.67 million, giving a free cash flow of -$176.87 million.

Operating Cash Flow 725.80M
Capital Expenditures -902.67M
Free Cash Flow -176.87M
FCF Per Share -$0.13
Full Cash Flow Statement

Margins

Gross margin is 61.60%, with operating and profit margins of 66.12% and 8.75%.

Gross Margin 61.60%
Operating Margin 66.12%
Pretax Margin 28.93%
Profit Margin 8.75%
EBITDA Margin 81.63%
EBIT Margin 66.12%
FCF Margin n/a

Dividends & Yields

This stock pays an annual dividend of $0.10, which amounts to a dividend yield of 2.61%.

Dividend Per Share $0.10
Dividend Yield 2.61%
Dividend Growth (YoY) -37.50%
Years of Dividend Growth n/a
Payout Ratio 64.59%
Buyback Yield -9.92%
Shareholder Yield -7.31%
Earnings Yield 4.13%
FCF Yield -3.33%
Dividend Details

Analyst Forecast

The average price target for B2Gold is $6.25, which is 64.26% higher than the current price. The consensus rating is "Buy".

Price Target $6.25
Price Target Difference 64.26%
Analyst Consensus Buy
Analyst Count 2
Revenue Growth Forecast (5Y) 17.35%
EPS Growth Forecast (5Y) n/a
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