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 29.3% over the past year.
Return vs Market: BTO underperformed the Canadian Market which returned 8.4% 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 StWill B2Gold (TSE:BTO) Repeat Its Return Growth Of The Past?
2 weeks ago | Simply Wall StI Ran A Stock Scan For Earnings Growth And B2Gold (TSE:BTO) Passed With Ease
4 weeks ago | Simply Wall StCould The Market Be Wrong About B2Gold Corp. (TSE:BTO) Given Its Attractive Financial Prospects?
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$6.11) is trading below our estimate of fair value (CA$11.62)
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 (8.1x) compared to the CA Metals and Mining industry average (16.1x).
PE vs Market: BTO is good value based on its PE Ratio (8.1x) compared to the Canadian market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: BTO is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: BTO is good value based on its PB Ratio (2.1x) compared to the CA Metals and Mining industry average (3.1x).
How is B2Gold forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BTO's forecast earnings growth (3.3% per year) is above the savings rate (1.5%).
Earnings vs Market: BTO's earnings (3.3% per year) are forecast to grow slower than the Canadian market (25.8% per year).
High Growth Earnings: BTO's earnings are forecast to grow, but not significantly.
Revenue vs Market: BTO's revenue (0.9% per year) is forecast to grow slower than the Canadian market (8.3% per year).
High Growth Revenue: BTO's revenue (0.9% 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 (17.5%).
How has B2Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BTO has a large one-off gain of $174.3M impacting its December 31 2020 financial results.
Growing Profit Margin: BTO's current net profit margins (35.1%) are higher than last year (24.8%).
Past Earnings Growth Analysis
Earnings Trend: BTO has become profitable over the past 5 years, growing earnings by 69.4% per year.
Accelerating Growth: BTO's earnings growth over the past year (118.9%) exceeds its 5-year average (69.4% per year).
Earnings vs Industry: BTO earnings growth over the past year (118.9%) exceeded the Metals and Mining industry 66.6%.
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 ($762.7M) exceed its short term liabilities ($286.1M).
Long Term Liabilities: BTO's short term assets ($762.7M) exceed its long term liabilities ($415.7M).
Debt to Equity History and Analysis
Debt Level: BTO's debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: BTO's debt to equity ratio has reduced from 35.2% to 3.8% over the past 5 years.
Debt Coverage: BTO's debt is well covered by operating cash flow (932.4%).
Interest Coverage: BTO's interest payments on its debt are well covered by EBIT (54.9x coverage).
What is B2Gold current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BTO's dividend (3.29%) is higher than the bottom 25% of dividend payers in the Canadian market (1.56%).
High Dividend: BTO's dividend (3.29%) is low compared to the top 25% of dividend payers in the Canadian market (5.01%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether BTO's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if BTO's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.3%), BTO's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BTO's dividends in 3 years are forecast to be well covered by earnings (35.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Clive Johnson (62 yo)
Mr. Clive Thomas Johnson has been the Chief Executive Officer and President of B2Gold Corp. since March 2007 and December 17, 2006 respectively. Mr. Johnson served as President and Chief Executive Officer ...
CEO Compensation Analysis
Compensation vs Market: Clive's total compensation ($USD5.72M) is above average for companies of similar size in the Canadian market ($USD3.57M).
Compensation vs Earnings: Clive's compensation has been consistent with company performance over the past year.
|Senior VP of Finance & CFO||6.83yrs||US$4.77m||0% |
|Senior Vice President of Operations||10.17yrs||US$4.77m||0.0076% |
|Executive VP||13.92yrs||US$2.01m||0.074% |
|Senior Vice President of Engineering & Project Evaluations||13.92yrs||US$1.97m||0.28% |
|Senior Vice President of Exploration||13.92yrs||US$2.01m||0.19% |
|Vice President of Geology & Technical Services||no data||no data||0.014% |
|Director of Human Resources & Administration||no data||no data||no data|
|Vice President of Investor Relations||no data||no data||0.049% |
|Chief Mine Planning Engineer||no data||no data||no data|
|Managing Director and Country Manager of Namibia||no data||no data||no data|
|Chief Executive Officer of Auryx||no data||no data||no data|
Experienced Management: BTO's management team is seasoned and experienced (13.9 years average tenure).
|Independent Director||4.92yrs||US$248.33k||0.048% |
|Independent Director||13.33yrs||US$271.10k||0.019% |
|Independent Director||13.25yrs||US$251.59k||0.26% |
|Independent Non-Executive Chairman||13.33yrs||US$375.40k||no data|
|Independent Director||7.17yrs||US$236.17k||0.0058% |
|Independent Director||9.17yrs||US$240.38k||0.0022% |
|Independent Director||3.33yrs||US$240.03k||0.00019% |
|Director||1.08yrs||no data||no data|
Experienced Board: BTO's board of directors are considered experienced (9.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 2.1%.
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$6.426b
- Shares outstanding: 1.05b
- 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|
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||2021/02/25 01:10|
|End of Day Share Price||2021/02/24 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.