B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. More Details
Flawless balance sheet and undervalued.
Share Price & News
How has B2Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BTO is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BTO's weekly volatility (5%) has been stable over the past year.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: BTO underperformed the Canadian Metals and Mining industry which returned -5.7% over the past year.
Return vs Market: BTO underperformed the Canadian Market which returned 29.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is B2Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StB2Gold (TSE:BTO) Shareholders Booked A 57% Gain In The Last Three Years
2 weeks ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of B2Gold Corp. (TSE:BTO) Shares?
1 month ago | Simply Wall StDoes B2Gold (TSE:BTO) Have A Healthy Balance Sheet?
Is B2Gold undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BTO (CA$5.23) is trading below our estimate of fair value (CA$9.54)
Significantly Below Fair Value: BTO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BTO is good value based on its PE Ratio (6.8x) compared to the Canadian Metals and Mining industry average (12.2x).
PE vs Market: BTO is good value based on its PE Ratio (6.8x) compared to the Canadian market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: BTO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BTO is good value based on its PB Ratio (1.7x) compared to the CA Metals and Mining industry average (2.6x).
How is B2Gold forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BTO's earnings are forecast to decline over the next 3 years (-5% per year).
Earnings vs Market: BTO's earnings are forecast to decline over the next 3 years (-5% per year).
High Growth Earnings: BTO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BTO's revenue is expected to decline over the next 3 years (-1.2% per year).
High Growth Revenue: BTO's revenue is forecast to decline over the next 3 years (-1.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BTO's Return on Equity is forecast to be low in 3 years time (17.5%).
How has B2Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BTO has high quality earnings.
Growing Profit Margin: BTO's current net profit margins (36.6%) are higher than last year (25.8%).
Past Earnings Growth Analysis
Earnings Trend: BTO has become profitable over the past 5 years, growing earnings by 66.6% per year.
Accelerating Growth: BTO's earnings growth over the past year (97.6%) exceeds its 5-year average (66.6% per year).
Earnings vs Industry: BTO earnings growth over the past year (97.6%) underperformed the Metals and Mining industry 213.4%.
Return on Equity
High ROE: BTO's Return on Equity (25.3%) is considered high.
How is B2Gold's financial position?
Financial Position Analysis
Short Term Liabilities: BTO's short term assets ($842.6M) exceed its short term liabilities ($289.6M).
Long Term Liabilities: BTO's short term assets ($842.6M) exceed its long term liabilities ($394.7M).
Debt to Equity History and Analysis
Debt Level: BTO's debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: BTO's debt to equity ratio has reduced from 31.6% to 2.5% over the past 5 years.
Debt Coverage: BTO's debt is well covered by operating cash flow (1281.8%).
Interest Coverage: BTO's interest payments on its debt are well covered by EBIT (60.7x coverage).
What is B2Gold current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BTO's dividend (3.82%) is higher than the bottom 25% of dividend payers in the Canadian market (1.58%).
High Dividend: BTO's dividend (3.82%) is low compared to the top 25% of dividend payers in the Canadian market (4.57%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BTO has been paying a dividend for less than 10 years.
Growing Dividend: BTO's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.7%), BTO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BTO's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Clive Johnson (63 yo)
Mr. Clive Thomas Johnson has been the Chief Executive Officer and President of B2Gold Corp. since March 2007 and December 17, 2006 respectively. Mr. Johnson served as President and Chief Executive Officer ...
CEO Compensation Analysis
Compensation vs Market: Clive's total compensation ($USD6.30M) is above average for companies of similar size in the Canadian market ($USD3.02M).
Compensation vs Earnings: Clive's compensation has been consistent with company performance over the past year.
Experienced Management: BTO's management team is seasoned and experienced (14.3 years average tenure).
Experienced Board: BTO's board of directors are considered experienced (9.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BTO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
B2Gold Corp.'s company bio, employee growth, exchange listings and data sources
- Name: B2Gold Corp.
- Ticker: BTO
- Exchange: TSX
- Founded: 2006
- Industry: Gold
- Sector: Materials
- Market Cap: CA$5.513b
- Shares outstanding: 1.05b
- Website: https://www.b2gold.com
Number of Employees
- B2Gold Corp.
- Park Place
- Suite 3400
- British Columbia
- V6C 2X8
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 06:15|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.