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B2Gold Corp (BTG)



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Upturn Advisory Summary
09/16/2025: BTG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $4.53
1 Year Target Price $4.53
2 | Strong Buy |
5 | Buy |
4 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -26.49% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.95B USD | Price to earnings Ratio - | 1Y Target Price 4.53 |
Price to earnings Ratio - | 1Y Target Price 4.53 | ||
Volume (30-day avg) 12 | Beta 0.55 | 52 Weeks Range 2.16 - 4.60 | Updated Date 09/16/2025 |
52 Weeks Range 2.16 - 4.60 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 2.67% | Basic EPS (TTM) -0.34 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -19.96% | Operating Margin (TTM) 42.79% |
Management Effectiveness
Return on Assets (TTM) 8.03% | Return on Equity (TTM) -11.65% |
Valuation
Trailing PE - | Forward PE 7.45 | Enterprise Value 6079992576 | Price to Sales(TTM) 2.74 |
Enterprise Value 6079992576 | Price to Sales(TTM) 2.74 | ||
Enterprise Value to Revenue 2.8 | Enterprise Value to EBITDA 16.97 | Shares Outstanding 1322989952 | Shares Floating 1312111238 |
Shares Outstanding 1322989952 | Shares Floating 1312111238 | ||
Percent Insiders 0.46 | Percent Institutions 68.59 |
Upturn AI SWOT
B2Gold Corp

Company Overview
History and Background
B2Gold Corp. was founded in 2007. It quickly grew through acquisitions and organic development, focusing on responsible mining practices and shareholder value creation.
Core Business Areas
- Gold Production: The company focuses on exploration, development, and operation of gold mines. Their primary business is producing and selling gold.
Leadership and Structure
Clive T. Johnson is the Chairman, and Clive T. Johnson is the CEO. The company has a board of directors and an executive management team responsible for overseeing operations and strategy.
Top Products and Market Share
Key Offerings
- Gold: B2Gold primarily produces and sells gold from its mining operations. Revenue is highly dependent on prevailing gold prices. Competitors: Newmont (NEM), Barrick Gold (GOLD).
Market Dynamics
Industry Overview
The gold mining industry is driven by macroeconomic factors, investor sentiment, and geopolitical events that influence gold prices. It is capital-intensive with long lead times for project development.
Positioning
B2Gold is a mid-tier gold producer, focused on efficient operations and growth through acquisitions and exploration. Competitive advantages include strong operational performance at key mines.
Total Addressable Market (TAM)
The global gold market is estimated to be worth hundreds of billions of dollars annually. B2Gold is positioned to capture a portion of this market through its production and exploration activities.
Upturn SWOT Analysis
Strengths
- Strong operational performance at key mines
- Experienced management team
- Disciplined capital allocation
- Growth through strategic acquisitions
Weaknesses
- Concentration of production in a few key assets
- Exposure to geopolitical risks in certain operating regions
- Vulnerability to fluctuations in gold prices
- Dependence on resource estimates that can change
Opportunities
- Further acquisitions of undervalued assets
- Exploration success leading to increased reserves
- Optimization of existing operations to reduce costs
- Expansion into new mining-friendly jurisdictions
Threats
- Declining gold prices
- Increased operating costs
- Geopolitical instability
- Environmental regulations
- Increased competition from larger gold producers
Competitors and Market Share
Key Competitors
- Newmont (NEM)
- Barrick Gold (GOLD)
- Agnico Eagle Mines (AEM)
Competitive Landscape
B2Gold competes with larger and smaller gold producers. Its advantages include efficient operations and a strong management team. Disadvantages include smaller scale and concentration of production.
Major Acquisitions
Papillon Resources
- Year: 2014
- Acquisition Price (USD millions): 570
- Strategic Rationale: Expanded B2Gold's presence in Mali and provided access to the Fekola project.
Growth Trajectory and Initiatives
Historical Growth: B2Gold has grown through a combination of organic development and acquisitions. Historical growth has been driven by increases in production and reserves.
Future Projections: Future growth will likely depend on the success of exploration programs and the acquisition of new assets. Analyst estimates vary depending on gold price forecasts.
Recent Initiatives: Recent initiatives include exploration activities at existing mines and the pursuit of potential acquisition targets.
Summary
B2Gold is a mid-tier gold producer with a history of growth through acquisitions and efficient operations. Its performance is heavily influenced by gold prices and geopolitical factors. The company should focus on diversifying its production base and managing operating costs to enhance shareholder value. Future success depends on continued exploration success and strategic acquisitions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on independent research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About B2Gold Corp
Exchange NYSE MKT | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2008-06-24 | President, CEO & Director Mr. Clive Thomas Johnson | ||
Sector Basic Materials | Industry Gold | Full time employees - | Website https://www.b2gold.com |
Full time employees - | Website https://www.b2gold.com |
B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. 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 and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

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