BTG
NEUTRAL
$4.97
Live
B2Gold Corp. · AMEX
Target $6.59
(+32.6%)
$2.86
52W Range
$6.29
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 25, 2026
Market cap
$6.65B
P/E
17.75
ROE
12.8%
Profit margin
13.1%
Debt/Equity
0.16
Dividend yield
1.61%
AI Analysis
AI-powered fundamental assessment
Confidence
80%
B2Gold Corp. presents a conflicting profile with a stable Piotroski F-Score of 4/9 and a very low forward P/E of 4.22, yet it trades at a premium to its Graham Number ($4.11) and Intrinsic Value ($1.96). While revenue growth is explosive at 110.9%, the company has a dismal earnings track record, missing estimates in all of the last four quarters with an average surprise of -48.34%. The balance sheet is characterized by low leverage (Debt/Equity 0.16) but concerningly low immediate liquidity (Quick Ratio 0.44). Overall, the stock appears to be a value play with significant execution risk and bearish technical momentum.
Key Strengths
Extremely low Debt/Equity ratio (0.16) indicating minimal leverage risk
Explosive YoY and Q/Q revenue growth exceeding 110%
Strong operating margins (40.45%) and gross margins (64.41%)
Highly attractive Forward P/E ratio of 4.22
Positive analyst consensus with a target price of $6.59
Key Risks
Severe earnings miss trend (0/4 beats in last 4 quarters)
Poor short-term liquidity indicated by a Quick Ratio of 0.44
Technical trend is completely bearish (0/100)
Current price ($4.97) is significantly above growth-based intrinsic value ($1.96)
Low dividend strength score (25/100)
AI Fair Value Estimate
Based on comprehensive analysis
$4.11
-17.3% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
46
Moderate
55
60
35
50
30
AI Verdict
Speculative Value
Key drivers: Revenue growth, Forward P/E, Earnings miss history, Liquidity ratios
Confidence
85%
Value
55/100
Trading at $4.97 vs Graham Number of $4.11
Positives
- Forward P/E is very low
- P/E is lower than sector average
Watchpoints
- Price exceeds Graham Number
- Price significantly exceeds Intrinsic Value
Future
60/100
High growth in top-line not translating to bottom-line beats
Positives
- Massive revenue growth (110%+)
- Analyst target price suggests 32% upside
Watchpoints
- Inability to meet earnings expectations
- Bearish technical trend
Past
35/100
Chronic underperformance relative to analyst estimates
Positives
- Long-term 5Y price change is positive
Watchpoints
- Consistent earnings misses over 25 quarters
- Recent average surprise of -48.34%
Health
50/100
Strong solvency but weak liquidity
Positives
- Very low Debt/Equity
- Piotroski F-Score is stable (4/9)
Watchpoints
- Quick Ratio (0.44) suggests liquidity pressure
- Current Ratio is barely above 1.0
Dividend
30/100
Dividend is safe but not a primary driver for investors
Positives
- Sustainable payout ratio (28.57%)
Watchpoints
- Low dividend yield (1.61%)
- Low overall dividend strength score
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$4.97
Analyst Target
$6.59
Upside/Downside
+32.6%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for BTG and closest competitors.
Updated 2026-04-24
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
BTG
B2Gold Corp.
Primary
|
+19.4% | +38.2% | +59.3% | -4.2% | +18.6% | -0.6% |
|
SSRM
SSR Mining Inc.
Peer
|
+106.4% | +110.4% | +192.9% | +33.7% | +23.1% | -4.2% |
|
AXTA
Axalta Coating Systems Ltd.
Peer
|
+21.2% | +22.1% | -8.8% | +13.8% | +4.1% | +0.1% |
|
CE
Celanese Corporation
Peer
|
-55.4% | -32.6% | +49.1% | +54.2% | +3.7% | +4.8% |
|
AUGO
Aura Minerals Inc.
Peer
|
+185.0% | +185.0% | +185.0% | +173.8% | +31.9% | +13.4% |
BTG
B2Gold Corp.
Primary
5Y
+19.4%
3Y
+38.2%
1Y
+59.3%
6M
-4.2%
1M
+18.6%
1W
-0.6%
SSR
SSR Mining Inc.
Peer
5Y
+106.4%
3Y
+110.4%
1Y
+192.9%
6M
+33.7%
1M
+23.1%
1W
-4.2%
AXT
Axalta Coating Systems Ltd.
Peer
5Y
+21.2%
3Y
+22.1%
1Y
-8.8%
6M
+13.8%
1M
+4.1%
1W
+0.1%
CE
Celanese Corporation
Peer
5Y
-55.4%
3Y
-32.6%
1Y
+49.1%
6M
+54.2%
1M
+3.7%
1W
+4.8%
AUG
Aura Minerals Inc.
Peer
5Y
+185.0%
3Y
+185.0%
1Y
+185.0%
6M
+173.8%
1M
+31.9%
1W
+13.4%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
17.75
Forward P/E
4.22
PEG Ratio
N/A
P/B Ratio
1.85
P/S Ratio
2.17
EV/Revenue
2.26
EV/EBITDA
4.43
Market Cap
$6.65B
Profitability
Profit margins and return metrics
Profit Margin
13.13%
Operating Margin
40.45%
Gross Margin
64.41%
ROE
12.78%
ROA
13.23%
Growth
Revenue and earnings growth rates
Revenue Growth
+110.9%
Earnings Growth
N/A
Q/Q Revenue Growth
+110.88%
Q/Q Earnings Growth
N/A
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.16
Low debt
Current Ratio
1.06
Good
Quick Ratio
0.44
Poor
Cash/Share
$0.29
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$1.1B
Gross Margin
52.3%
Op. Margin
50.4%
Net Margin
16.2%
Total Assets
$5.9B
Liabilities
$2.2B
Equity
$3.6B
Debt/Equity
0.62x
Operating CF
$0.3B
Free Cash Flow
$0.3B
FCF Yield
100%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-05-06
$N/A
2026-02-18
$0.11
-44.9% surprise
2025-11-05
$0.01
-91.8% surprise
2025-08-07
$0.12
-8.3% surprise
Basic Materials Sector Comparison
Comparing BTG against 109 companies in the Basic Materials sector
(4 bullish, 41 neutral, 64 bearish)
P/E Ratio
17.75
This Stock
vs
37.99
Sector Avg
-53.3%
(Discount)
Return on Equity (ROE)
12.78%
This Stock
vs
-10.47%
Sector Avg
-222.1%
(Below Avg)
Profit Margin
13.13%
This Stock
vs
-7.78%
Sector Avg
-268.7%
(Weaker)
Debt to Equity
0.16
This Stock
vs
1.02
Sector Avg
-83.8%
(Less Debt)
Revenue Growth
110.9%
This Stock
vs
38.21%
Sector Avg
+190.3%
(Fast Growth)
Current Ratio
1.06
This Stock
vs
5.92
Sector Avg
-82.0%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
BTG
B2Gold Corp.
|
NEUTRAL | $6.65B | 17.75 | 12.8% | 13.1% | $4.97 | |
|
SSRM
SSR Mining Inc.
|
BULLISH | $6.5B | 17.16 | 8.8% | 24.3% | $31.75 | Compare |
|
AXTA
Axalta Coating Systems Ltd.
|
NEUTRAL | $7.17B | 16.32 | 21.3% | 8.8% | $33.62 | Compare |
|
CE
Celanese Corporation
|
BEARISH | $7.27B | - | -22.5% | -12.2% | $65.0 | Compare |
|
AUGO
Aura Minerals Inc.
|
BEARISH | $5.71B | - | -15.5% | -5.6% | $68.3 | Compare |
BTG
B2Gold Corp.
NEUTRAL
Mkt Cap
$6.6B
P/E
17.8
ROE
12.8%
Price
$4.97
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-04-13 | Chatwin (Randall C) | Senior Officer of Issuer | Disposition in the public market at price 4.86 per | 6,300 | $30,605 |
| 2026-04-01 | Bartz, Eduard | Senior Officer of Issuer | Option Exercise | 20,015 | $85,544 |
| 2026-04-01 | Bartz, Eduard | Senior Officer of Issuer | Disposition in the public market at price 4.63 per | 20,015 | $92,609 |
| 2026-04-01 | Bartz, Eduard | Senior Officer of Issuer | Option Exercise | 45,036 | $192,483 |
| 2026-04-01 | Bartz, Eduard | Senior Officer of Issuer | Disposition in the public market at price 4.63 per | 24,177 | $111,866 |
| 2026-04-01 | Brown (Andrew Bruce) | Senior Officer of Issuer | Option Exercise | 14,557 | $62,216 |
| 2026-04-01 | Brown (Andrew Bruce) | Senior Officer of Issuer | Disposition in the public market at price 4.63 per | 7,818 | $36,173 |
| 2026-04-01 | Brown (Andrew Bruce) | Senior Officer of Issuer | Option Exercise | 16,385 | $70,029 |
| 2026-04-01 | Brown (Andrew Bruce) | Senior Officer of Issuer | Disposition in the public market at price 4.63 per | 8,799 | $40,712 |
| 2026-04-01 | Chatwin (Randall C) | Senior Officer of Issuer | Option Exercise | 118,715 | $507,387 |
| 2026-04-01 | Chatwin (Randall C) | Senior Officer of Issuer | Disposition in the public market at price 4.63 per | 63,724 | $294,850 |
| 2026-04-01 | Chatwin (Randall C) | Senior Officer of Issuer | Option Exercise | 52,764 | $225,513 |
| 2026-04-01 | Chatwin (Randall C) | Senior Officer of Issuer | Disposition in the public market at price 4.63 per | 28,325 | $131,059 |
| 2026-04-01 | Cinnamond (Michael Andrew) | Senior Officer of Issuer | Option Exercise | 143,276 | $612,361 |
| 2026-04-01 | Cinnamond (Michael Andrew) | Senior Officer of Issuer | Disposition in the public market at price 4.63 per | 76,906 | $355,844 |
Chatwin (Randall C)
Senior Officer of Issuer
2026-04-13
6,300 shares
·
$30,605
Bartz, Eduard
Senior Officer of Issuer
2026-04-01
20,015 shares
·
$85,544
Bartz, Eduard
Senior Officer of Issuer
2026-04-01
20,015 shares
·
$92,609
Bartz, Eduard
Senior Officer of Issuer
2026-04-01
45,036 shares
·
$192,483
Bartz, Eduard
Senior Officer of Issuer
2026-04-01
24,177 shares
·
$111,866
Brown (Andrew Bruce)
Senior Officer of Issuer
2026-04-01
14,557 shares
·
$62,216
Brown (Andrew Bruce)
Senior Officer of Issuer
2026-04-01
7,818 shares
·
$36,173
Brown (Andrew Bruce)
Senior Officer of Issuer
2026-04-01
16,385 shares
·
$70,029
Brown (Andrew Bruce)
Senior Officer of Issuer
2026-04-01
8,799 shares
·
$40,712
Chatwin (Randall C)
Senior Officer of Issuer
2026-04-01
118,715 shares
·
$507,387
Chatwin (Randall C)
Senior Officer of Issuer
2026-04-01
63,724 shares
·
$294,850
Chatwin (Randall C)
Senior Officer of Issuer
2026-04-01
52,764 shares
·
$225,513
Chatwin (Randall C)
Senior Officer of Issuer
2026-04-01
28,325 shares
·
$131,059
Cinnamond (Michael Andrew)
Senior Officer of Issuer
2026-04-01
143,276 shares
·
$612,361
Cinnamond (Michael Andrew)
Senior Officer of Issuer
2026-04-01
76,906 shares
·
$355,844
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
5 analysts
CIBC
2025-11-21
Neutral
Neutral
Past News Coverage
Recent headlines mentioning BTG from our newsroom.
Newest → oldest
No matching news yet.