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B2Gold Corp (BTG)



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Upturn Advisory Summary
08/28/2025: BTG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $4.33
1 Year Target Price $4.33
2 | Strong Buy |
5 | Buy |
4 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -31.36% | Avg. Invested days 27 | 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 5.34B USD | Price to earnings Ratio - | 1Y Target Price 4.33 |
Price to earnings Ratio - | 1Y Target Price 4.33 | ||
Volume (30-day avg) 12 | Beta 0.44 | 52 Weeks Range 2.17 - 4.14 | Updated Date 08/28/2025 |
52 Weeks Range 2.17 - 4.14 | Updated Date 08/28/2025 | ||
Dividends yield (FY) 2.96% | Basic EPS (TTM) -0.35 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.13 | Actual 0.12 |
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 7.15 | Enterprise Value 5506807855 | Price to Sales(TTM) 2.46 |
Enterprise Value 5506807855 | Price to Sales(TTM) 2.46 | ||
Enterprise Value to Revenue 2.54 | Enterprise Value to EBITDA 15.37 | Shares Outstanding 1322989952 | Shares Floating 1312084778 |
Shares Outstanding 1322989952 | Shares Floating 1312084778 | ||
Percent Insiders 0.46 | Percent Institutions 68.32 |
Upturn AI SWOT
B2Gold Corp

Company Overview
History and Background
B2Gold Corp. was founded in 2007 and has grown through acquisitions and organic development to become a significant mid-tier gold producer. It focused initially on acquiring and developing undervalued assets.
Core Business Areas
- Gold Production: B2Gold's primary business is gold mining, encompassing exploration, development, and operation of gold mines globally.
- Exploration and Development: The company actively explores and develops new gold projects to replenish reserves and increase production.
Leadership and Structure
Clive T. Johnson is the Chairman of the Board. The organizational structure includes various departments such as operations, finance, exploration, and sustainability, each headed by senior management.
Top Products and Market Share
Key Offerings
- Gold Production: B2Gold produces gold in the form of doru00e9 bars and concentrates. Market share data is variable but B2Gold is considered in the top 10 of gold producing countries. Key competitors include Newmont Corp, Barrick Gold Corp, and Agnico Eagle Mines. Annual revenue from Gold Production accounts for the majority of the company's revenue.
Market Dynamics
Industry Overview
The gold mining industry is driven by global economic conditions, investment demand, and geopolitical factors. Demand is influenced by jewelry fabrication, central bank policies, and industrial uses.
Positioning
B2Gold is a mid-tier gold producer with a focus on low-cost operations and responsible mining practices. Its competitive advantages include a diversified portfolio of producing assets and a strong track record of project execution.
Total Addressable Market (TAM)
The global gold market is estimated to be worth hundreds of billions of dollars annually. B2Gold occupies a portion of this TAM and continues to expand it.
Upturn SWOT Analysis
Strengths
- Low-cost production
- Diversified asset base
- Strong management team
- Proven track record of project development
- Financial stability
Weaknesses
- Geopolitical risk in some operating regions
- Dependence on gold prices
- Environmental and social license to operate risks
Opportunities
- Further acquisitions of undervalued assets
- Expansion of existing operations
- Exploration success
- Technological advancements in mining
Threats
- Fluctuations in gold prices
- Increased operating costs
- Regulatory changes
- Political instability in host countries
- Environmental regulations
Competitors and Market Share
Key Competitors
- NEM
- GOLD
- AEM
Competitive Landscape
B2Gold is a mid-tier gold producer competing with larger and smaller companies. Its advantages include its low-cost production and strong management team. Disadvantages could be location risks and dependence on gold.
Major Acquisitions
Oklo Resources Limited
- Year: 2022
- Acquisition Price (USD millions): 65.7
- Strategic Rationale: The acquisition of Oklo Resources Limited provides B2Gold with a strategic land position in Mali and potential future gold production.
Growth Trajectory and Initiatives
Historical Growth: B2Gold has grown through acquisitions and organic production increases.
Future Projections: Analyst estimates vary, so one should see financial reports for a future trajectory.
Recent Initiatives: B2Gold is always working on expanding operations.
Summary
B2Gold Corp is a mid-tier gold producer with a strong focus on low-cost operations and project development. The company's diversified asset base and experienced management team are key strengths. However, it faces risks related to gold price volatility and geopolitical factors. Strategic acquisitions and exploration success remain critical for future growth and value creation. B2Gold must continue to maintain its social license to operate in its host communities.
Peer Comparison
Sources and Disclaimers
Data Sources:
- B2Gold Corp. official website
- Financial news sources
- Industry reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data is subject to change. Conduct thorough research before making any investment decisions.
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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