B2Gold (BMV:BTG N) - Stock Price, News & Analysis

BTG N Stock Overview

B2Gold Corp. operates as a gold producer company.

BTG N fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	1/6
Financial Health	6/6
Dividends	1/6

Rewards

Trading at 41.3% below our estimate of its fair value

Earnings are forecast to grow 104.01% per year

Risk Analysis

Shares are highly illiquid

Dividend of 6.25% is not well covered by earnings or cash flows

Large one-off items impacting financial results

Profit margins (0.5%) are lower than last year (14.6%)

B2Gold Corp. Competitors

Industrias CH S. A. B. de C. V

BMV:ICH B

Mex$76.5b

Industrias Peñoles. de

BMV:PE&OLES *

Mex$109.0b

Orbia Advance Corporation. de

BMV:ORBIA *

Mex$62.6b

Corporación Moctezuma. de

BMV:CMOCTEZ *

Mex$65.2b

Price History & Performance

Summary of all time highs, changes and price drops for B2Gold
Historical stock prices
Current Share Price	CA$45.20
52 Week High	CA$61.37
52 Week Low	CA$40.80
Beta	1.15
1 Month Change	5.12%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	-51.81%
5 Year Change	n/a
Change since IPO	-48.05%

Recent updates

Shareholder Returns

	BTG N	MX Metals and Mining	MX Market
7D	-1.7%	-3.7%	1.4%
1Y	n/a	8.7%	2.6%

Return vs Industry: Insufficient data to determine how BTG N performed against the MX Metals and Mining industry.

Return vs Market: Insufficient data to determine how BTG N performed against the MX Market.

Price Volatility

Is BTG N's price volatile compared to industry and market?
BTG N volatility
BTG N Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	6.5%
Market Average Movement	3.8%
10% most volatile stocks in MX Market	6.1%
10% least volatile stocks in MX Market	1.9%

Stable Share Price: BTG N has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine BTG N's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2006	n/a	Clive Johnson	www.b2gold.com

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp. In addition, it has a portfolio of other evaluation and exploration assets in Mali and Finland.

B2Gold Corp. Fundamentals Summary

How do B2Gold's earnings and revenue compare to its market cap?
BTG N fundamental statistics
Market cap	Mex$55.92b
Earnings (TTM)	Mex$171.80m
Revenue (TTM)	Mex$32.91b

330.2x

P/E Ratio

1.7x

P/S Ratio

Is BTG N overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTG N income statement (TTM)
Revenue	US$1.93b
Cost of Revenue	US$751.90m
Gross Profit	US$1.18b
Other Expenses	US$1.17b
Earnings	US$10.10m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 07, 2024

Earnings per share (EPS)	0.0077
Gross Margin	61.13%
Net Profit Margin	0.52%
Debt/Equity Ratio	4.2%

How did BTG N perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

1,952%

Payout Ratio

BTG N Stock Overview

Rewards

Risk Analysis

B2Gold Corp. Competitors

BMV:ICH B

Mex$76.5b

BMV:PE&OLES *

Mex$109.0b

BMV:ORBIA *

Mex$62.6b

BMV:CMOCTEZ *

Mex$65.2b

Price History & Performance

Recent News & Updates

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

Insider recently sold Mex$592k worth of stock

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.

Insider recently bought Mex$624k worth of stock

Fourth quarter dividend of US$0.04 announced

Recent updates

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

Insider recently sold Mex$592k worth of stock

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.

Insider recently bought Mex$624k worth of stock

Fourth quarter dividend of US$0.04 announced

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

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

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.

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

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

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

B2Gold Corp. Provides Production Guidance for the Year 2023

Insider recently sold Mex$946k worth of stock

Insider recently sold Mex$179k worth of stock

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

Full year 2022 earnings released: EPS: US$0.24 (vs US$0.40 in FY 2021)

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

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

Insufficient new directors

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

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

Third quarter 2022 earnings released: US$0.022 loss per share (vs US$0.12 profit in 3Q 2021)

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

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).

President recently sold Mex$10m worth of stock

Second quarter 2022 earnings released: EPS: US$0.036 (vs US$0.065 in 2Q 2021)

B2Gold Corp. Revises Production Guidance for the Full Year of 2022

Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) completed the acquisition of Razorback Gold Mining Company (Proprietary) Limited from B2Gold Corp.

Insufficient new directors

B2Gold Corp. Provides Production Guidance for the Year 2022

B2Gold Corp. to Report Q2, 2022 Results on Aug 03, 2022

B2Gold Corp. Announces Positive Exploration Drill Results in Mali from Fekola North and Anaconda Area Exploration Drilling

B2Gold Corp. Declares Dividend for Second Quarter of 2022, Payable on June 29, 2022

Insufficient new directors

Shareholder Returns

Price Volatility

About the Company