B2Gold Corp.

TSX:BTO Stock Report

Market Cap: CA$7.7b

B2Gold Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:BTO Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
10 Mar 26SellCA$633,608Clive JohnsonIndividual87,636CA$7.23
10 Mar 26SellCA$147,116Michael McDonaldIndividual20,348CA$7.23
10 Mar 26SellCA$147,116Ninette KrohnertIndividual20,348CA$7.23
10 Mar 26SellCA$147,116Andrew BrownIndividual20,348CA$7.23
10 Mar 26SellCA$216,408Dennis StansburyIndividual29,932CA$7.23
10 Mar 26SellCA$396,038William LytleIndividual54,777CA$7.23
10 Mar 26SellCA$91,308Daniel MooreIndividual12,629CA$7.23
10 Mar 26SellCA$396,038Michael CinnamondIndividual54,777CA$7.23
10 Mar 26SellCA$129,243John RajalaIndividual17,876CA$7.23
10 Mar 26SellCA$373,401Randall ChatwinIndividual51,646CA$7.23
05 Mar 26SellCA$275,532Victor KingIndividual37,952CA$7.26
05 Mar 26SellCA$123,529Andrew BrownIndividual17,015CA$7.26
05 Mar 26SellCA$332,530Michael CinnamondIndividual45,803CA$7.26
05 Mar 26SellCA$323,026Randall ChatwinIndividual44,494CA$7.26
05 Mar 26SellCA$332,530William LytleIndividual45,803CA$7.26
05 Mar 26SellCA$532,027Clive JohnsonIndividual73,282CA$7.26
05 Mar 26SellCA$200,921Dennis StansburyIndividual27,675CA$7.26
05 Mar 26SellCA$75,134Daniel MooreIndividual10,349CA$7.26
05 Mar 26SellCA$106,475John RajalaIndividual14,666CA$7.26
05 Mar 26SellCA$123,529Michael McDonaldIndividual17,015CA$7.26
24 Feb 26BuyCA$532,337Neil ReederIndividual85,174CA$6.25
24 Feb 26SellCA$702,855Neil ReederIndividual85,714CA$8.20
20 Feb 26SellCA$145,000Randall ChatwinIndividual20,000CA$7.25
16 Dec 25BuyCA$63Robin WeismanIndividual10CA$6.28
15 Dec 25BuyCA$54,927Mary-Lynn OkeIndividual8,650CA$6.35
18 Nov 25SellCA$1,110,000Jerry KorpanIndividual200,000CA$5.55
15 Oct 25SellCA$221,087Andrew BrownIndividual27,915CA$7.92
15 Oct 25SellCA$1,188,019Michael CinnamondIndividual150,000CA$7.92
25 Sep 25SellCA$675,000Michael CinnamondIndividual100,000CA$6.75
24 Sep 25BuyCA$68Robin WeismanIndividual10CA$6.80
24 Sep 25SellCA$47,670Randall ChatwinIndividual7,000CA$6.81
23 Sep 25SellCA$342,000Victor KingIndividual50,000CA$6.84
17 Sep 25SellCA$553,794William LytleIndividual92,453CA$5.99
17 Sep 25SellCA$605,000Michael CinnamondIndividual100,000CA$6.05
11 Sep 25SellCA$77Michael CinnamondIndividual13CA$5.93
04 Sep 25SellCA$39,200Randall ChatwinIndividual7,000CA$5.60
27 Aug 25SellCA$111,400Andrew BrownIndividual20,000CA$5.57
22 Aug 25SellCA$157,061Andrew BrownIndividual28,453CA$5.52
21 Aug 25SellCA$2,240Lindsay Mine Services LtdCompany414CA$5.41
18 Aug 25SellCA$80Daniel MooreIndividual15CA$5.32
14 Aug 25SellCA$235,946Peter MontanoIndividual44,102CA$5.35
13 Aug 25SellCA$37,310Randall ChatwinIndividual7,000CA$5.33
12 Aug 25SellCA$511,500Clive JohnsonIndividual100,000CA$5.13
04 Jul 25SellCA$57,155Randall ChatwinIndividual11,500CA$4.97
25 Jun 25BuyCA$69Robin WeismanIndividual14CA$4.92
04 Jun 25SellCA$35,175Randall ChatwinIndividual7,000CA$5.02
02 Jun 25SellCA$40,754Randall ChatwinIndividual8,200CA$4.97
12 May 25SellCA$66Dennis StansburyIndividual16CA$4.14
14 Apr 25SellCA$555,600Jerry KorpanIndividual120,000CA$4.63
08 Apr 25SellCA$376,972Clive JohnsonIndividual99,465CA$3.79
02 Apr 25SellCA$20,426Michael McDonaldIndividual4,922CA$4.15

Insider Trading Volume

Insider Buying: BTO insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of BTO?
Owner TypeNumber of SharesOwnership Percentage
State or Government00%
Private Companies9,5860.000717%
Individual Insiders10,726,0670.802%
VC/PE Firms68,919,1535.15%
General Public401,649,06830%
Institutions855,740,02964%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 49.6% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.8%
Van Eck Associates Corporation
104,263,524CA$602.6m-10%0.29%
5.15%
Pale Fire Capital SE
68,919,153CA$398.4m75.3%28.82%
4.34%
BlackRock, Inc.
58,027,210CA$335.4m0%no data
4.19%
The Vanguard Group, Inc.
56,023,406CA$323.8m1.85%no data
2.71%
D. E. Shaw & Co., L.P.
36,242,057CA$209.5m208%0.14%
2.66%
FMR LLC
35,591,806CA$205.7m-64.9%0.01%
2.57%
American Century Investment Management Inc
34,336,389CA$198.5m0.79%0.06%
2.41%
Dimensional Fund Advisors LP
32,161,379CA$185.9m3.29%0.02%
1.8%
Two Sigma Investments, LP
24,058,488CA$139.1m12%0.18%
1.75%
Millennium Management LLC
23,342,850CA$134.9m248%0.07%
1.51%
Two Sigma Advisers, LP
20,243,680CA$117.0m20.5%0.18%
1.28%
Connor, Clark & Lunn Investment Management Ltd.
17,133,266CA$99.0m30.6%0.2%
1.25%
Norges Bank Investment Management
16,730,740CA$96.7m-0.05%no data
1.16%
Deutsche Asset & Wealth Management
15,447,214CA$89.3m68.5%0.02%
0.96%
BMO Asset Management Corp.
12,800,270CA$74.0m9.5%0.02%
0.94%
Morgan Stanley
12,634,527CA$73.0m39.9%0.01%
0.9%
Baker Steel Capital Managers LLP
12,002,500CA$69.4m0%2.48%
0.88%
Susquehanna International Group, LLP
11,751,956CA$67.9m57.8%0.07%
0.85%
Jane Street Group, LLC
11,391,303CA$65.8m180%0.06%
0.84%
Condire Investors, LLC
11,265,300CA$65.1m0%4.08%
0.78%
Arrowstreet Capital, Limited Partnership
10,428,546CA$60.3m-42.6%0.03%
0.75%
Fidelity International Ltd
10,087,928CA$58.3m0.3%0.02%
0.73%
First Eagle Investment Management, LLC
9,708,102CA$56.1m-24.6%0.04%
0.7%
The Goldman Sachs Group, Inc.
9,366,981CA$54.1m33.3%0.02%
0.69%
Amundi Asset Management SAS
9,249,011CA$53.5m2.76%0.01%

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/20 10:41
End of Day Share Price 2026/03/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

B2Gold Corp. is covered by 24 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard GrayATB Cormark
Brian QuastBMO Capital Markets Equity Research
Lawson WinderBofA Global Research