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    B

    B2Gold Corp (BTG)

    Official site

    BASIC MATERIALS • GOLD • AMEX

    $5.18
    +0.19 (+3.91%)

    Market Cap: $6.84B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    51%(20/39)
    Avg Surprise
    +37.87%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.15
    Range$0.05 - $0.37
    9 analysts
    EPS RevisionsNo revisions (7d)
    0
    5
    30d
    EPS Estimate DriftChange to current
    90d ago$0.22-30.8%
    60d ago$0.17-8.7%
    30d ago$0.14+4.9%
    7d ago$0.15-1.4%
    Current$0.15
    Revenue Consensus
    $788M
    Range$788M - $788M
    1 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.18
    Range$0.03 - $0.34
    10 analysts
    Revenue Consensus
    $1.4B
    Range$1.3B - $1.5B
    7 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.18---
    Sep 26EST
    		-$0.15---
    Jun 26
    Reported Aug 6
    		$0.03N/A-57.14%Miss-75.0%
    Mar 26
    Reported May 6
    		$0.19$0.11+72.73%Beat+111.1%
    Dec 25
    Reported Feb 18
    		$0.11$0.20-45.00%Miss+1000.0%
    Sep 25
    Reported Nov 5
    		$0.14$0.15-6.67%Miss+600.0%
    Jun 25
    Reported Aug 7
    		$0.12$0.15-20.00%Miss+100.0%
    Mar 25
    Reported May 7
    		$0.09$0.08+12.50%Beat+50.0%
    Dec 24
    Reported Feb 19
    		$0.01N/A-84.05%Miss-85.7%
    Sep 24
    Reported Nov 6
    		$0.02N/A-60.00%Miss-60.0%
    Jun 24
    Reported Aug 8
    		$0.06$0.07-14.29%Miss-14.3%
    Mar 24
    Reported May 7
    		$0.06$0.05+20.00%Beat-40.0%
    Dec 23
    Reported Feb 21
    		$0.07$0.08-12.50%Miss-36.4%
    Sep 23
    Reported Nov 8
    		$0.05$0.06-16.67%Miss+66.7%
    Jun 23
    Reported Aug 2
    		$0.07$0.07+0.00%Beat+75.0%
    Mar 23
    Reported May 9
    		$0.10$0.07+42.86%Beat+66.7%
    Dec 22
    Reported Feb 22
    		$0.11$0.13-15.38%Miss+0.0%
    Sep 22
    Reported Nov 1
    		$0.03$0.06-50.00%Miss-75.0%
    Jun 22
    Reported Aug 3
    		$0.04$0.06-33.33%Miss-20.0%
    Mar 22
    Reported May 3
    		$0.06$0.05+20.00%Beat-33.3%
    Dec 21
    Reported Feb 22
    		$0.11$0.11+0.00%Beat-21.4%
    Sep 21
    Reported Nov 2
    		$0.12$0.13-7.69%Miss-20.0%
    Jun 21
    Reported Aug 4
    		$0.05$0.07-28.57%Miss-54.5%
    Mar 21
    Reported May 4
    		$0.09$0.07+28.57%Beat-10.0%
    Dec 20
    Reported Feb 23
    		$0.14$0.14+0.00%Beat+100.0%
    Sep 20
    Reported Nov 3
    		$0.15$0.14+7.14%Beat+150.0%
    Jun 20
    Reported Aug 5
    		$0.11$0.12-8.33%Miss+120.0%
    Mar 20
    Reported May 5
    		$0.10$0.10+0.00%Beat+150.0%
    Dec 19
    Reported Feb 27
    		$0.07$0.07+0.00%Beat+600.0%
    Sep 19
    Reported Nov 5
    		$0.06$0.07-14.29%Miss+200.0%
    Jun 19
    Reported Aug 6
    		$0.05$0.03+66.67%Beat+0.0%
    Mar 19
    Reported May 7
    		$0.04$0.04+0.00%Beat-42.9%
    Dec 18
    Reported Mar 12
    		$0.01$0.02-50.00%Miss+0.0%
    Sep 18
    Reported Nov 6
    		$0.02N/A-60.00%Miss+100.0%
    Jun 18
    Reported Aug 7
    		$0.05$0.04+25.00%Beat+400.0%
    Mar 18
    Reported May 9
    		$0.07$0.07+0.00%Beat+250.0%
    Dec 17
    Reported Mar 15
    		$0.01$0.01+0.00%Beat+66.7%
    Sep 17
    Reported Nov 7
    		$0.01$0.00+127.27%Beat-
    Jun 17
    Reported Aug 9
    		$0.01$0.01+0.00%Beat-
    Mar 17
    Reported May 3
    		$0.02$0.00+1718.18%Beat-
    Dec 16
    Reported Mar 16
    		$0.01N/A-80.00%Miss-

    Dividends

    Dividend Metrics

    Forward Yield1.54%
    Forward Annual Dividend$0.08
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR-20.63%
    5Y CAGR-6.17%
    BTG dividend history and ex-dividend datesRun BTG in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio11.03EV/EBITDAN/A
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin21.30%Operating Margin45.70%
    ROE22.60%ROICN/A
    Financial Health
    Debt/Equity0.17xInterest Coverage26.60x
    Current Ratio1.06xQuick Ratio0.47x
    Trading Statistics
    Beta1.41Avg Volume20.04M
    52-Week High$6.2152-Week Low$3.56

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$5.16
    SMA 20$5.26
    SMA 50$5.29
    SMA 200$4.78
    EMA 10$5.17
    EMA 20$5.22
    EMA 50$5.11
    EMA 200$4.72

    MACD

    Line: -0.03Signal: -0.01Hist: -0.02

    ADX

    ADX: 10.7+DI: 19.2-DI: 22.6

    Aroon & PSAR

    Aroon Up32.0
    Aroon Down96.0
    PSAR$5.31

    Bollinger Bands

    Upper Band$5.56
    Lower Band$4.96
    %B Position1142%(Upper)
    Band Width0.38

    RSI (14-Day)

    Neutral
    49.1

    Momentum Oscillators

    Stoch %K37.4
    Stoch %D40.3
    Williams %R-47.0
    ROC (10d)0.3%
    Momentum0.01
    CCI (20d)-78.9
    MFI (14d)41.6

    Volatility Measures

    ATR (14d)$0.20(3.9%)
    StdDev (20d)0.15
    Hist Vol42.7%(High)

    Volume Flow

    VWAP$5.12
    OBV1.4B
    AD Line-8.7B
    CMF (20d)0.169

    Volume Metrics

    Avg Vol (20d)19.9M
    Vol Ratio1.0x
    VWMA (20d)$5.26

    Pivot Points

    R3$5.28
    R2$5.19
    R1$5.09
    Pivot Point$5.00
    S1$4.91
    S2$4.82
    S3$4.72

    Advanced Oscillators

    TSI-3.65
    Ultimate Osc52.8
    KST-37.83

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$769.31M$1.14B$1.05B$782.95M$692.21M$532.11M$499.79M$448.23M$492.57M$461.44M$511.97M$477.89M
    Cost of Revenue$468.85M$541.28M$502.73M$392.60M$340.77M$294.36M$325.83M$313.39M$279.40M$277.22M$306.43M$307.38M
    Gross Profit$300.46M$601.32M$551.25M$390.35M$351.44M$237.75M$173.96M$134.84M$213.17M$184.23M$205.54M$170.51M
    Operating Expenses$27.08M$28.80M$20.18M$40.12M$34.13M$31.77M$35.88M$697.02M$182.36M$29.60M$240.73M$142.98M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$24.44M$25.26M$28.24M$22.21M$23.92M$17.67M$28.96M$18.35M$17.76M$19.09M$26.38M$17.35M
    Operating Income$273.38M$572.52M$531.07M$350.22M$317.31M$205.98M$138.08M$-562,181,000$30.81M$154.63M$-35,184,000$27.52M
    Interest Income$3.60M$3.09M$3.33M$3.04M$2.91M$3.17M$3.60M$4.01M$7.67M$5.46M$2.78M$3.89M
    Interest Expense$15.00M$18.14M$22.39M$4.73M$4.85M$5.72M$10.85M$6.97M$7.46M$9.57M$4.89M$3.19M
    Income Before Tax$611.21M$495.02M$359.85M$197.79M$286.40M$132.77M$108.31M$-571,694,000$24.07M$130.09M$-56,480,000$40.54M
    Income Tax Expense$202.25M$292.32M$179.59M$174.66M$125.64M$70.20M$117.63M$59.34M$58.85M$81.61M$60.92M$75.31M
    Net Income$406.74M$197.17M$170.58M$19.31M$154.42M$57.59M$-11,881,000$-633,757,000$-24,004,000$39.75M$-113,224,000$-43,070,000
    EBITDA$391.39M$672.17M$526.15M$307.18M$393.96M$227.78M$213.05M$-476,677,000$126.54M$230.11M$57.40M$137.96M
    EBIT$273.38M$513.16M$382.24M$202.52M$291.25M$138.49M$119.15M$-564,728,000$31.54M$139.67M$-51,587,000$37.68M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Scotiabank Has Positive Opinion of B2Gold FY2026 Earnings

    Scotiabank has increased its FY2026 EPS estimate for B2Gold to $0.53 from $0.51, maintaining a "Strong-Buy" rating despite the revised forecast remaining below the $0.56 consensus. Multiple analysts have upgraded B2Gold...

    MarketBeat•10/16/26•Bullish

    B2Gold (BTG) schedules Q3 results for November 4, followed by an executive call November 5.

    B2Gold Corp. (BTG) will release its third-quarter 2026 financial and operational results after North American markets close on November 4...

    Stock Titan•10/15/26•Neutral

    Scotiabank Has Bearish Estimate for B2Gold FY2027 Earnings

    Scotiabank has revised its FY2027 earnings per share forecast for B2Gold downwards to $0.56 from $0.58, while maintaining a "Sector Outperform" rating. This estimate is still above the current year's consensus...

    MarketBeat•10/15/26•Somewhat-Bearish

    B2Gold Third Quarter 2026 Results – Conference Call Details

    B2Gold Corp. announced it will release its third-quarter 2026 financial and operational results after North American markets close on Wednesday, November 4, 2026. The company will host a conference call on Thursday...

    markets.businessinsider.com•10/14/26•Neutral

    B2Gold Third Quarter 2026 Results – Conference Call Details

    B2Gold Corp. announced it will release its third quarter 2026 financial and operational results on Wednesday, November 4, 2026...

    GlobeNewswire•10/14/26•Neutral

    BTG Valuation and Fair Value

    P/E
    11.0x
    Forward P/E
    5.4x
    PEG
    4.7x
    P/B
    1.9x
    See GNG's fair value

    BTG Profitability: Margins, ROIC and FCF

    Operating margin
    45.7%
    Net margin
    21.3%
    ROE
    22.6%

    BTG Competitors

    CompanyTicker
    Cleveland-Cliffs IncCLF
    ICL Israel Chemicals LtdICL
    Simpson Manufacturing Company IncSSD
    Triple Flag Precious Metals CorpTFPM
    New Gold IncNGD
    SSR Mining IncSSRM
    Sibanye Gold Ltd ADRSBSW
    Osisko Gold RoOR

    Sector: Basic Materials

    BTG Analyst Ratings

    Consensus
    Buy
    Analysts
    13
    Strong Buy
    5
    Buy
    6
    Hold
    1
    Sell
    0
    Strong Sell
    1

    BTG Bull Case vs Bear Case

    Bull case

    • BTG has a 21.3% net profit margin.
    • BTG grew quarterly revenue 14.0% year over year.
    • 84.6% of BTG's analyst ratings are Buy or Strong Buy.

    Bear case

    • BTG beat EPS estimates in 25.0% of its last 8 reported quarters.

    BTG Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -23.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.15
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 5 down

    BTG Dividend

    Forward yield
    1.5%
    3Y DPS growth
    -20.6%
    5Y DPS growth
    -6.2%
    Pay months
    Mar, Jun, Sep, Dec
    BTG dividend history

    Frequently Asked Questions About BTG

    What is BTG's current dividend yield?

    B2Gold Corp (BTG) has a forward dividend yield of 1.54%.

    Does BTG pay dividends?

    Yes, B2Gold Corp pays dividends with a forward dividend yield of 1.54%.

    What is BTG's P/E ratio?

    B2Gold Corp has a price-to-earnings (P/E) ratio of 11.03.

    What is BTG's market cap?

    B2Gold Corp (BTG) has a market capitalization of $6.84B with a current stock price of $5.18.

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