B2Gold Future Growth

Future criteria checks 4/6

B2Gold is forecast to grow earnings and revenue by 66.5% and 9.2% per annum respectively. EPS is expected to grow by 62.5% per annum. Return on equity is forecast to be 8% in 3 years.

Key information

66.5%

Earnings growth rate

62.5%

EPS growth rate

Metals and Mining earnings growth	28.5%
Revenue growth rate	9.2%
Future return on equity	8.0%
Analyst coverage	Good
Last updated	16 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

TSX:BTO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,193	738	494	595	2
12/31/2025	2,499	610	468	887	6
12/31/2024	1,801	288	42	837	7
12/31/2023	1,934	10	-110	714	N/A
9/30/2023	2,015	281	129	780	N/A
6/30/2023	1,929	301	265	762	N/A
3/31/2023	1,841	258	271	692	N/A
12/31/2022	1,733	253	214	596	N/A
9/30/2022	1,666	232	214	592	N/A
6/30/2022	1,785	379	446	819	N/A
3/31/2022	1,766	409	389	686	N/A
12/31/2021	1,762	420	446	724	N/A
9/30/2021	1,716	452	398	655	N/A
6/30/2021	1,692	591	376	634	N/A
3/31/2021	1,771	647	594	880	N/A
12/31/2020	1,789	628	618	951	N/A
9/30/2020	1,623	633	562	918	N/A
6/30/2020	1,447	411	435	777	N/A
3/31/2020	1,272	328	322	634	N/A
12/31/2019	1,156	286	236	492	N/A
9/30/2019	1,073	105	206	407	N/A
6/30/2019	1,042	99	201	397	N/A
3/31/2019	1,017	84	174	378	N/A
12/31/2018	1,051	119	235	451	N/A
9/30/2018	995	156	242	398	N/A
6/30/2018	869	134	68	290	N/A
3/31/2018	791	128	-18	263	N/A
12/31/2017	639	57	-186	155	N/A
9/30/2017	646	33	N/A	212	N/A
6/30/2017	685	57	N/A	260	N/A
3/31/2017	685	25	N/A	280	N/A
12/31/2016	683	39	N/A	412	N/A
9/30/2016	641	-87	N/A	378	N/A
6/30/2016	587	-137	N/A	322	N/A
3/31/2016	559	-148	N/A	288	N/A
12/31/2015	554	-150	N/A	175	N/A
9/30/2015	537	-386	N/A	168	N/A
6/30/2015	513	-645	N/A	168	N/A
3/31/2015	496	-635	N/A	157	N/A
12/31/2014	487	-665	N/A	117	N/A
9/30/2014	502	-283	N/A	115	N/A
6/30/2014	516	-1	N/A	116	N/A
3/31/2014	518	43	N/A	116	N/A
12/31/2013	544	67	N/A	148	N/A
9/30/2013	477	52	N/A	144	N/A
6/30/2013	415	59	N/A	137	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BTO's forecast earnings growth (66.5% per year) is above the savings rate (2%).

Earnings vs Market: BTO's earnings (66.5% per year) are forecast to grow faster than the Canadian market (11.8% per year).

High Growth Earnings: BTO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BTO's revenue (9.2% per year) is forecast to grow faster than the Canadian market (6.7% per year).

High Growth Revenue: BTO's revenue (9.2% 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 (8%).

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B2Gold Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 22%

Consensus EPS estimates increase by 15%

B2Gold Corp. Provides Production Guidance for the Fourth Quarter and Full Year of 2023

B2Gold Corp. Provides Operating Guidance for the Year 2023

B2Gold Corp. Provides Production Guidance for the Year 2023

B2Gold Corp. Provides Production Guidance for the Year 2023

Recent updates

B2Gold Corp. to Report Q1, 2024 Results on May 07, 2024

President exercised options to buy CA$304k worth of stock.

Consensus EPS estimates increase by 22%

B2Gold Corp., Annual General Meeting, Jun 20, 2024

Rupert Resources Ltd. (TSX:RUP) entered into a letter of arrangement to acquire 70% interest in Fingold Ventures Ltd. from B2Gold Corp. (TSX:BTO) for approximately CAD 100 million.

Upcoming dividend of US$0.04 per share

Fourth quarter dividend of US$0.04 announced

Full year 2023 earnings released: EPS: US$0.008 (vs US$0.24 in FY 2022)

B2gold Corp. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023

B2Gold Corp. to Report Q4, 2023 Results on Feb 21, 2024

B2Gold Corp. Announces Positive Exploration Drilling Results from the Antelope Deposit At the Otjikoto Mine in Namibia

B2Gold Corp. Announces Production Results of the Fekola Complex Optimization Study

B2Gold Corp. Declares Fourth Quarter 2023 Dividend, Payable on December 18, 2023

B2Gold Corp. Announces Positive Exploration Drilling Results from Its Inaugural Drilling Campaign at the Back River Gold District in Nunavut and Provides an Update on Construction and Mining at the Goose Project

Consensus EPS estimates increase by 15%

B2Gold Corp. Provides Production Guidance for the Fourth Quarter and Full Year of 2023

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

B2Gold Corp. to Report Q3, 2023 Results on Nov 08, 2023

B2Gold Corp. Provides Construction Update for the Goose Project in Nunavut, Canada

B2Gold Corp. (TSX:BTO) entered into a purchase agreement to acquire remaining 50% stake in Gramalote Project from AngloGold Ashanti Limited (JSE:ANG) for $60 million.

Upcoming dividend of US$0.04 per share at 5.2% yield

B2gold Corp. Declares Third Quarter 2023 Cash Dividend, Payable on September 29, 2023

B2Gold Corp. Declares Third Quarter 2023 Dividend, Payable on September 29, 2023

Aurion Resources Ltd. B2Gold Corp and Joint Venture Discovers New Zone of Gold Mineralization South of Helmi

B2Gold Corp. Provides Operating Guidance for the Year 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

B2Gold Corp. Provides Production Guidance for the Year 2023

B2Gold Corp. to Report Q2, 2023 Results on Aug 02, 2023

B2Gold Corp. Provides Construction Update for the Goose Project in Nunavut, Canada

B2Gold Corp. Announces Updated and Significantly Increased Mineral Resource Estimate for the Anaconda Area, Located Near the Fekola Mine, Mali

Now 21% undervalued after recent price drop

New major risk - Revenue and earnings growth

B2Gold Corp. Declares Second Quarter 2023 Dividend, Payable on June 27, 2023

President exercised options and sold CA$804k worth of stock

Now 20% undervalued

Senior VP & COO recently sold CA$975k worth of stock

B2Gold Corp. Provides Production Guidance for the Year 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Insider exercised options to buy CA$148k worth of stock.

Consensus EPS estimates increase by 10%

President exercised options to buy CA$1.2m worth of stock.

Insider recently sold CA$69k worth of stock

Upcoming dividend of US$0.04 per share at 4.7% yield

Full year 2022 earnings: EPS exceeds analyst expectations

B2Gold Corp. (TSX:BTO) signed non-binding letter of intent to acquire Sabina Gold & Silver Corp. (TSX:SBB) for CAD $1 billion.

B2Gold Corp. (TSX:BTO) signed non-binding letter of intent to acquire Sabina Gold & Silver Corp. (TSX:SBB) for CAD $1 billion.

B2Gold Corp. to Report Q4, 2022 Results on Feb 22, 2023

Insufficient new directors

B2Gold Corp. Appoints Lisa Pankratz to the Board of Directors

B2Gold Corp. Provides Production Guidance for the Fiscal Year 2023

B2Gold Corp. Announces Additional Positive Exploration Drilling Results from the Fekola Complex in Mali

Upcoming dividend of US$0.04 per share

B2Gold Corp. Declares Cash Dividend for the Fourth Quarter of 2022, Payable on December 16, 2022

Insufficient new directors

Investor sentiment improved over the past week

Aurion Resources Ltd. Reports Results for Eleven Holes from Summer-Fall 2022 Drilling Program on Aurion-B2Gold Corp., Joint Venture, Operates by B2Gold , in Central Lapland Greenstone Belt in Northern Finland

Consensus EPS estimates fall by 28%

B2gold Corp. Re-Affirms Production Guidance for the Full Year 2022

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 11%

B2Gold Corp. to Report Q3, 2022 Results on Nov 01, 2022

Investor sentiment improved over the past week

B2Gold Corp. Announces Positive Exploration Drill Results from the Anaconda Area at the Fekola Complex

B2Gold Corp. Declares Cash Dividend for the Third Quarter of 202, Payable on September 29, 2022

B2Gold Corp. (TSX:BTO) completed the acquisition of Oklo Resources Limited (ASX:OKU).

Investor sentiment improved over the past week

President recently sold CA$647k worth of stock

Consensus forecasts updated

Second quarter 2022 earnings: EPS misses analyst expectations