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

BTG Stock Overview

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia.

BTG fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	3/6

Risk Analysis

Earnings are forecast to decline by an average of 11.6% per year for the next 3 years

Unstable dividend track record

Profit margins (13.9%) are lower than last year (26.3%)

My Notes

New

Notes are coming soon

B2Gold Corp. Competitors

Royal Gold

NasdaqGS:RGLD

US$8.3b

Compañía de Minas BuenaventuraA

NYSE:BVN

US$2.1b

DRDGOLD

NYSE:DRD

US$691.5m

Agnico Eagle Mines

NYSE:AEM

US$25.8b

Price History & Performance

Summary of all time highs, changes and price drops for B2Gold
Historical stock prices
Current Share Price	CA$3.97
52 Week High	CA$5.07
52 Week Low	CA$2.81
Beta	0.93
1 Month Change	11.20%
3 Month Change	37.37%
1 Year Change	9.67%
3 Year Change	-5.02%
5 Year Change	43.32%
Change since IPO	19.94%

Recent updates

Shareholder Returns

	BTG	US Metals and Mining	US Market
7D	-5.3%	0.3%	1.7%
1Y	9.7%	15.3%	-12.5%

Return vs Industry: BTG underperformed the US Metals and Mining industry which returned 14.7% over the past year.

Return vs Market: BTG exceeded the US Market which returned -13.6% over the past year.

Price Volatility

Is BTG's price volatile compared to industry and market?
BTG volatility
BTG Average Weekly Movement	6.9%
Metals and Mining Industry Average Movement	8.8%
Market Average Movement	6.9%
10% most volatile stocks in US Market	17.5%
10% least volatile stocks in US Market	2.8%

Stable Share Price: BTG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BTG's weekly volatility (7%) has been stable over the past year.

About the Company

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

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 25% 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, Uzbekistan, and Finland.

B2Gold Corp. Fundamentals Summary

How do B2Gold's earnings and revenue compare to its market cap?
BTG fundamental statistics
Market Cap	US$4.26b
Earnings (TTM)	US$232.06m
Revenue (TTM)	US$1.67b

18.3x

P/E Ratio

2.6x

P/S Ratio

Is BTG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BTG income statement (TTM)
Revenue	US$1.67b
Cost of Revenue	US$698.98m
Gross Profit	US$967.26m
Other Expenses	US$735.20m
Earnings	US$232.06m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.22
Gross Margin	58.05%
Net Profit Margin	13.93%
Debt/Equity Ratio	1.0%

How did BTG perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

73%

Payout Ratio

BTG Stock Overview

Risk Analysis

B2Gold Corp. Competitors

NasdaqGS:RGLD

US$8.3b

NYSE:BVN

US$2.1b

NYSE:DRD

US$691.5m

NYSE:AEM

US$25.8b

Price History & Performance

Recent News & Updates

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

Recent updates

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

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

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

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

Investor sentiment deteriorated 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 US$501k worth of stock

Second quarter 2022 earnings: EPS misses analyst expectations

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.

B2Gold Corp. Provides Production Guidance for the Year 2022

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

Price target decreased to US$5.31

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

B2Gold Corp. (TSX:BTO) entered into a definitive scheme implementation agreement to acquire Oklo Resources Limited (ASX:OKU) for AUD 87.4.

President recently sold US$1.3m worth of stock

First quarter 2022 earnings: EPS exceeds analyst expectations

B2Gold Corp. (TSX:BTO) acquired Bakolobi permit in Mali from local Malian company.

Price target increased to US$5.71

Insufficient new directors

B2Gold Corp. Provides Production Guidance for the Year 2022; Provides Production Guidance for the Second Half of 2022

B2Gold Corp., Annual General Meeting, Jun 22, 2022

Upcoming dividend of US$0.04 per share

Full year 2021 earnings: EPS misses analyst expectations

B2Gold Corp. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2021

B2Gold Corp. (TSX:BTO) acquired remaining 51% stake in Razorback Gold Mining Company (Pty) Limited from Forsys Metals Corp. (TSX:FSY) for $8.5 million.

B2Gold Corp. Provides Production Guidance for the First-Half, Second-Half and Full Year of 2022

Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) agreed to acquire Razorback Gold Mining Company (Proprietary) Limited from B2Gold Corp for $15.2 million.

Insider recently bought US$77k worth of stock

West African Resources Limited (ASX:WAF) completed the acquisition of a 90% stake in Kiaka S.A from B2Gold Corp. (TSX:BTO) and GAMS-Mining F&I Ltd.

Upcoming dividend of US$0.04 per share

Senior Vice President of Operations recently sold US$658k worth of stock

Third quarter 2021 earnings released: EPS US$0.12 (vs US$0.25 in 3Q 2020)

Price target decreased to US$5.78

Executive VP recently sold US$432k worth of stock

Second quarter 2021 earnings released: EPS US$0.065 (vs US$0.12 in 2Q 2020)

B2Gold Corp. Provides Production Guidance for the First Half, Second Half and Full Year of 2021

B2gold Corp. Announces an Update on the Menankoto Exploration Permit Which Forms A Part of the Anaconda Area and Is Located 20 Kilometres North of the Fekola Mine License Area

Insider recently sold US$67k worth of stock

Upcoming dividend of US$0.04 per share

Insider recently sold US$78k worth of stock

B2gold Corp. Provides Earnings Guidance for the First Half, Second Half and Full Year of 2021

First quarter 2021 earnings released: EPS US$0.087 (vs US$0.07 in 1Q 2020)

BeMetals Corp. (TSXV:BMET) completed the acquisition of 77.7% stake in Kronk Resources Inc from B2Gold Corp. (TSX:BTO) and other shareholders.

B2Gold Corp. Provides Gold Production Guidance for the First Half, Second Half and Full Year of Fiscal 2021

Price target decreased to US$7.25

B2Gold Corp. (TSX:BTO) acquired Nakomgo Permit

Full year 2020 earnings released: EPS US$0.60 (vs US$0.28 in FY 2019)