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BTG

STRONG BUYAPPROVE

B2Gold Corp. · Basic Materials · Canada · $5.2B · Avg Vol: $116M/d

98
StockRank
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Q
81
V
73
M
56
P/E (TTM)
9.0x
ROE
16.5%
D/E
0.1x
Dividend %
0.8%
AI CONVICTION THESIS

B2Gold is a mid-tier gold producer with operating mines across multiple jurisdictions, a strong quality score (Q80) and cash generation supported by a firm gold price in the current geopolitical environment. Nothing adverse is known on accounting or solvency. Producing-asset cash flow into a supported commodity clears the screen.

COMPANY DESCRIPTION

B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue1.7B1.9B1.9B3.1B20.9%3.7B3.9B5.1B28.6%
EPS0.240.01-0.480.307.7%0.560.4138.0%
Shares1.1B1.3B1.3B1.3B+24.7%1.3B
Debt57.2M192.1M437.9M598.3M118.7%519.9M
Equity3.0B3.8B3.0B3.6B6.1%
Op CF595.8M714.5M877.6M895.8M14.6%1.3B
Inv CF-388.8M-845.3M-763.3M-892.7M
Fin CF-211.3M-192.5M-69.1M58.6M
Loading 1Y...
PRICE (1Y)+33.5%
3.654.004.364.715.06Jun 29Jul 21Aug 10
SMA 50SMA 200

Close
$5.06
RSI (14)
82.0
52W High
$6.23
From 52W High
0.8%

SCORE BREAKDOWN

Quality
81
ROIC
36.3%97.9
ROE
16.5%85.6
GP/Assets
41.1%93.8
Op. Margin
45.0%93.7
FCF/Assets
12.2%91.3
Piotroski
665.9
Int. Cover
28.7x77.0
D/E Ratio
0.14x56.7
Current Ratio
1.19x21.1
Value
73
P/E (TTM)
9.0x88.7
EV/EBITDA
2.8x95.9
P/FCF
7.2x81.3
P/B
1.9x53.2
P/S
1.8x49.3
Div Yield
0.8%23.0
Momentum
56
52W High %
81%71.2
RS 6M
-12%57.2
SMA 50/200
0.89x31.8
EPS Rev 4W
-6.0%11.7
EPS Rev 12W
N/A
EPS Improve
+96%61.8
Q Growth
247%86.9

FUNDAMENTALS

Market Cap
$5.2B
P/E (Forward)
4.6x
Gross Margin
65.5%

SECTOR PEERS

Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of BTG are excluded.

TickerCompanyMkt CapStockRankSignal
BTGB2Gold Corp.(you)$5.2B98STRONG BUY
OGCOceanaGold Corporation$5.3B95STRONG BUY
DPM.AXDPMMETALS CDI 1:1 [DPM]$6.9B97STRONG BUY
TXG.TOTorex Gold Resources Inc.$3.8B96STRONG BUY
KNT.TOK92 Mining Inc.$4.1B94STRONG BUY
CG.TOCenterra Gold Inc.$3.4B97STRONG BUY
IAGIAMGOLD Corporation$8.5B97STRONG BUY
WDO.TOWesdome Gold Mines Ltd.$2.9B99STRONG BUY
FVI.TOFortuna Mining Corp.$2.7B100STRONG BUY
ARIS.TOAris Mining Corporation$3.2B88STRONG BUY

Peer medians: ROE -12.6% · P/E 15.7x · Gross margin 25.2%

B2Gold Corp. (BTG): Stock Score Summary

B2Gold Corp. (BTG) has a MoatMap StockRank of 98/100 based on Quality (81/100), Value (73/100), and Momentum (56/100) factor scores. The current signal is STRONG BUY. B2Gold is a mid-tier gold producer with operating mines across multiple jurisdictions, a strong quality score (Q80) and cash generation supported by a firm gold price in the current geopolitical environment. Nothing adverse is known on accounting or solvency. Producing-asset cash flow into a supported commodity clears the screen.

B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia.

Key Financial Metrics

Price$5.06
Market Cap$5.2B
P/E (TTM)9.04
P/E (Forward)4.62
Price/Book1.89
Return on Equity16.5%
Return on Invested Capital36.3%
Debt/Equity0.14x
Gross Margin65.5%
Operating Margin45.0%
Revenue Growth117.7%
Dividend Yield0.8%
Free Cash Flow$719M

B2Gold Corp. operates in the Gold industry, part of the Basic Materials sector (Canada).

Frequently Asked Questions

What is B2Gold Corp.’s (BTG) StockRank?
MoatMap’s StockRank for B2Gold Corp. (BTG) is 98/100, with a Strong Buy signal. It is a composite of Quality (81), Value (73), and Momentum (56) factor ranks across MoatMap’s 20,000+ stock universe.
Does B2Gold Corp. have an economic moat?
B2Gold Corp. (BTG) has a Quality factor score of 81/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is B2Gold Corp. a buy, hold, or sell?
MoatMap’s current signal for B2Gold Corp. (BTG) is Strong Buy, based on a StockRank of 98/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is B2Gold Corp. in?
B2Gold Corp. (BTG) operates in the Basic Materials sector, specifically the Gold industry (Canada).