B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia.
Flawless balance sheet with reasonable growth potential.
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 has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: BTO exceeded the Canadian Metals and Mining industry which returned 5.2% over the past year.
Return vs Market: BTO exceeded the Canadian Market which returned 4.7% over the past year.
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
2 days ago | Simply Wall StDo Institutions Own B2Gold Corp. (TSE:BTO) Shares?
2 weeks ago | Simply Wall StDoes B2Gold Corp. (TSE:BTO) Have A High Beta?
4 weeks ago | Simply Wall StIs B2Gold Corp.'s (TSE:BTO) CEO Pay Fair?
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$6.19) is trading below our estimate of fair value (CA$14.91)
Significantly Below Fair Value: BTO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BTO is poor value based on its PE Ratio (304.5x) compared to the Metals and Mining industry average (17.4x).
PE vs Market: BTO is poor value based on its PE Ratio (304.5x) compared to the Canadian market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: BTO is poor value based on its PEG Ratio (13.5x)
Price to Book Ratio
PB vs Industry: BTO is overvalued based on its PB Ratio (2.7x) compared to the CA Metals and Mining industry average (1.6x).
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 forecast earnings growth (22.5% per year) is above the savings rate (1.4%).
Earnings vs Market: BTO's earnings (22.5% per year) are forecast to grow faster than the Canadian market (10.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BTO's revenue (7.9% per year) is forecast to grow faster than the Canadian market (4.7% per year).
High Growth Revenue: BTO's revenue (7.9% per year) is forecast to grow slower than 20% 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 (14.3%).
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 (1.2%) are lower than last year (15.7%).
Past Earnings Growth Analysis
Earnings Trend: BTO has become profitable over the past 5 years, growing earnings by 72.6% per year.
Accelerating Growth: BTO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BTO had negative earnings growth (-90.1%) over the past year, making it difficult to compare to the Metals and Mining industry average (11.9%).
Return on Equity
High ROE: BTO's Return on Equity (2.3%) is considered low.
Return on Assets
Return on Capital Employed
How is B2Gold's financial position?
Financial Position Analysis
Short Term Liabilities: BTO's short term assets ($560.6M) exceed its short term liabilities ($234.0M).
Long Term Liabilities: BTO's short term assets ($560.6M) exceed its long term liabilities ($541.9M).
Debt to Equity History and Analysis
Debt Level: BTO's debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: BTO's debt to equity ratio has reduced from 20.2% to 19.1% over the past 5 years.
Inventory Level: BTO has a high level of physical assets or inventory.
Debt Coverage by Assets: BTO's debt is covered by short term assets (assets are 1.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BTO is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: BTO is profitable, therefore cash runway is not a concern.
What is B2Gold's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BTO's dividend (0.64%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: BTO's dividend (0.64%) is low compared to the top 25% of dividend payers in the Canadian market (5.38%).
Stability and Growth of Payments
Stable Dividend: BTO is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: BTO is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BTO's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Clive Johnson (61yo)
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 & Chief Executive Officer of ...
CEO Compensation Analysis
Compensation vs Market: Clive's total compensation ($USD5.68M) is above average for companies of similar size in the Canadian market ($USD3.73M).
Compensation vs Earnings: Clive's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Senior VP of Finance & CFO||5.8yrs||US$2.38m||0.013% $817.0k|
|Senior Vice President of Operations||9.2yrs||US$2.38m||0.0094% $599.5k|
|Executive VP||12.9yrs||US$2.38m||0.17% $11.0m|
|Senior Vice President of Engineering & Project Evaluations||12.9yrs||US$2.25m||0.31% $20.1m|
|Senior Vice President of Exploration||12.9yrs||US$2.38m||0.32% $20.5m|
|Vice President of Geology & Technical Services||0yrs||no data||0.018% $1.1m|
|Vice President of Investor Relations||0yrs||no data||0.069% $4.4m|
|Chief Mine Planning Engineer||0yrs||no data||no data|
|Managing Director and Country Manager of Namibia||0yrs||no data||no data|
Experienced Management: BTO's management team is seasoned and experienced (12.9 years average tenure).
|Independent Director||3.9yrs||US$290.00k||0.049% $3.1m|
|Independent Director||12.3yrs||US$300.00k||0.023% $1.5m|
|Independent Director||12.3yrs||US$290.00k||0.25% $16.1m|
|Non-Executive Chairman||12.3yrs||US$450.00k||no data|
|Independent Director||6.2yrs||US$270.00k||0.0059% $377.6k|
|Independent Director||8.2yrs||US$280.00k||0.0022% $141.0k|
|Independent Director||2.3yrs||US$280.00k||0.00019% $12.1k|
|Corporate Social Responsibility Advisor & Director||0.08yrs||no data||no data|
Experienced Board: BTO's board of directors are considered experienced (8.2 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 been diluted in the past year, with total shares outstanding growing by 2.2%.
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$6.378b
- Shares outstanding: 1.03b
- Website: https://www.b2gold.com
Number of Employees
- B2Gold Corp.
- Three Bentall Centre
- Suite 3100
- British Columbia
- V7X 1J1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BTO||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Dec 2007|
|5BG||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 2007|
|BTG||AMEX (NYSE MKT LLC)||Yes||Common Shares||US||USD||Dec 2007|
|B2G||NMSE (Namibian Stock Exchange)||Yes||Common Shares||NA||ZAR||Dec 2007|
|0QYN||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Dec 2007|
|BTO||SWX (SIX Swiss Exchange)||Yes||Common Shares||CH||CHF||Dec 2007|
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 Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Burkina Faso, Colombia, Namibia, and Finland. B2Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 02:10|
|End of Day Share Price||2020/02/21 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.