B2Gold Corp
BTG
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- B2Gold Corp. operates in a competitive gold mining industry, where its strategic focus on low-cost production and exploration can lead to significant profit margins.
- The company has a trailing P/E ratio of 9.47, indicating it may be undervalued compared to its earnings potential.
- In 2026-Q1, B2Gold reported a revenue of $1.16 billion with an operating margin of 49.46%, showcasing strong financial performance.
- The gold industry is currently facing challenges due to fluctuating commodity prices and regulatory pressures that can impact profitability.
- In 2026-Q2, B2Gold's revenue decreased by 32% compared to the prior quarter, dropping to $789 million.
- The company's gross margin fell to 39% in 2026-Q2, down from 52.6% in the previous quarter, indicating potential operational issues.
Fundamentals
| Market cap | $6.76B | Enterprise value | $6.96B | Trailing P/E | 9.31 | Forward P/E | 4.94 |
| PEG | — | Price / book | 1.70 | Beta | 1.41 | Dividend yield | 1.56% |
| Revenue growth | 14.0% | Earnings growth | 185.4% | Gross margin | 63.2% | Operating margin | 45.7% |
| Profit margin | 21.3% | ROE | 22.6% | ROA | 17.6% | Debt / equity | 0.11 |
| Current ratio | 1.58 | Free cash flow | $298.27M | Analyst recommendation | buy | Mean target | $6.45 |
| 52w high | $6.29 | 52w low | $3.57 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $789M | $1.2B | $1.1B | $783M | $692M | — |
| Op margin | 36.4% | 49.5% | 49.6% | 45.3% | 45.8% | — |
| Net income | $417M | $200M | $171M | $19.3M | $154M | — |
| Gross margin | 39.1% | 52.6% | 52.3% | 49.9% | 50.8% | — |
| Gross profit | $308M | $610M | $551M | $390M | $351M | — |
| Operating income | $287M | $573M | $522M | $355M | $317M | — |
- Revenue -32% vs prior quarter ($789M vs $1.2B).
- Gross margin 39% (was 52.6% prior quarter).
- Operating margin compressed to 36.4%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $3.1B | $1.9B | $1.9B | $1.7B |
| Op margin | 45.9% | 31.3% | 34.9% | 29.8% |
| Net income | $402M | -$630M | $10.1M | $253M |
| Gross margin | 50.0% | 37.1% | 40.3% | 34.9% |
| Gross profit | $1.5B | $706M | $780M | $604M |
| Operating income | $1.4B | $595M | $675M | $517M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · B2Gold (TSX:BTO) Reports Fresh Back River Results, Is It Still Below Fair Value?
2026-10-04 · Back River Drill Success and New Tattuk Zone Could Be A Game Changer For B2Gold (TSX:BTO)
2026-10-02 · B2Gold Strengthens Goose Mine Operations With Crushing Upgrades
2026-09-30 · Can Higher H2 Production Support Franco-Nevada's 2026 Guidance?
2026-09-30 · B2Gold Targets Goose Ramp-Up, Fekola Growth and Higher Shareholder Returns
2026-09-29 · Tanzania Gold Exports Climb 37% as East African Mine Builds Advance
2026-09-28 · B2Gold Provides Operations Update for the Goose Mine and Announces Drill Results at the Back River Gold District
2026-09-22 · Wall Street Bulls Look Optimistic About B2Gold (BTG): Should You Buy?
2026-09-21 · Can Strong Production at Otjikoto Mine Boost B2Gold's Growth?
2026-09-21 · Can Franco-Nevada's Portfolio Expansion Drive Future Growth?
2026-09-17 · 3 Gold Mining Stocks Investors Are Watching As Bond Yields Rise
2026-09-16 · Is Royal Gold Benefiting From Its 2025 Portfolio Expansion Actions?
Price (daily)
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