BTG

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B2Gold Corp. · Basic Materials · Canada · $7.1B · Avg Vol: $144M/d

Full House: Strong business, sensible price, market agrees. The rare full house.

99
StockRank
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Quality
83
Value
73
Momentum
60
P/E (TTM)
9.8x
peers 17.5x
ROE
22.6%
peers -15.0%
D/E
0.1x
peers 0.0x
Dividend %
1.5%
trailing yield
AI CONVICTION THESIS

B2Gold is a premier compounder in the gold space, fitting the Lynch-Smith hybrid model. Despite operational setbacks in Masbate, the securing of the Fekola Regional permit provides the critical 'reinvestment runway' required. Gold's role as a sovereign debt hedge is becoming the primary driver of institutional flows, and B2Gold is a liquid vehicle to capture this thematic velocity.

ABOUT B2GOLD CORP.

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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%3.8B3.9B4.7B24.1%
EPS0.240.01-0.480.307.7%0.560.34—12.8%
Shares1.1B1.3B1.3B1.3B+24.7%1.3B———
Debt57.2M192.1M437.9M598.3M118.7%456.1M———
Equity3.0B3.8B3.0B3.6B6.1%————
Op CF595.8M714.5M877.6M895.8M14.6%922.7M———
Inv CF-388.8M-845.3M-763.3M-892.7M—————
Fin CF-211.3M-192.5M-69.1M58.6M—————
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PRICE (1Y)+5.5%
4.985.205.425.655.8711 Aug1 Sep23 Sep
SMA 50SMA 200

Close
$5.35
RSI (14)
54.9
52W High
$6.21
From 52W High
-13.9%

SCORE BREAKDOWN

Quality
83
ROIC
36.3%97.5
ROE
22.6%90.7
GP/Assets
40.7%91.3
Op. Margin
45.7%95.0
FCF/Assets
12.2%91.8
Piotroski
665.9
Int. Cover
28.7x77.7
D/E Ratio
0.11x59.0
Current Ratio
1.58x37.5
Value
73
P/E (TTM)
9.8x83.5
EV/EBITDA
3.6x93.8
P/FCF
9.8x78.2
P/B
1.8x53.9
P/S
1.9x44.4
Div Yield
1.5%43.1
Momentum
60
52W High %
86%77.4
RS 6M
14%71.4
SMA 50/200
1.02x62.1
EPS Rev 4W
-2.8%15.5
EPS Rev 12W
-10.4%14.5
EPS Improve
+90%64.3
Q Growth
170%79.3

FUNDAMENTALS

Market Cap
$7.1B
P/E (Forward)
5.2x
Gross Margin
63.2%

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)$7.1B99Strong Buy
OGCOceanaGold Corporation$6.2B94Strong Buy
DPM.AXDPM Metals Inc.$9.8B95Strong Buy
IAGIAMGOLD Corporation$11.4B98Strong Buy
TXG.TOTorex Gold Resources Inc.$4.6B95Strong Buy
KNT.TOK92 Mining Inc.$5.1B92Strong Buy
FSMFortuna Mining Corp.$3.5B99Strong Buy
WDO.TOWesdome Gold Mines Ltd.$3.6B97Strong Buy
CG.TOCenterra Gold Inc.$4.4B91Strong Buy
ARIS.TOAris Mining Corporation$4.0B88Strong Buy

Peer medians: ROE -15.0% · P/E 17.5x · Gross margin 37.2%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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B2Gold Corp. (BTG): Stock Score Summary

B2Gold Corp. (BTG) has a MoatMap StockRank of 99/100 based on Quality (83/100), Value (73/100), and Momentum (60/100) factor scores. The current signal is STRONG BUY. B2Gold is a premier compounder in the gold space, fitting the Lynch-Smith hybrid model. Despite operational setbacks in Masbate, the securing of the Fekola Regional permit provides the critical 'reinvestment runway' required. Gold's role as a sovereign debt hedge is becoming the primary driver of institutional flows, and B2Gold is a liquid vehicle to capture this thematic velocity.

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$5.35
Market Cap$7.1B
P/E (TTM)9.80
P/E (Forward)5.15
Price/Book1.83
Return on Equity22.6%
Return on Invested Capital36.3%
Debt/Equity0.11x
Gross Margin63.2%
Operating Margin45.7%
Revenue Growth14.0%
Dividend Yield1.5%
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 99/100, with a Strong Buy signal. It is a composite of Quality (83), Value (73), and Momentum (60) factor ranks across MoatMap’s universe of 25,000+ stocks.
Does B2Gold Corp. have an economic moat?
B2Gold Corp. (BTG) has a Quality factor score of 83/100. 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 99/100. 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).