B2Gold
BTG

$3.31

2.16%

Market Cap: $4.33B

About: B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.

Employees: 6,150

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]

38% more call options, than puts

Call options by funds: $12.7M | Put options by funds: $9.24M

34% more repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 68

24% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 37

4% more funds holding

Funds holding: 245 [Q1] → 254 (+9) [Q2]

0% less capital invested

Capital invested by funds: $1.6B [Q1] → $1.59B (-$3.61M) [Q2]

1.62% less ownership

Funds ownership: 46.83% [Q1] → 45.21% (-1.62%) [Q2]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$3.50

6%

upside

Avg. target

$3.71

12%

upside

High target

$4

21%

upside

4 analyst ratings

1 positive

25%

3 neutral

75%

0 negative

0%

CIBC Anita Soni 100% 1-year accuracy 7 / 7 met price target	9%upside $3.60	Neutral Maintained	24 Sept 2024
RBC Capital Wayne Lam 0 / 0 met price target	13%upside $3.75	Sector Perform Reiterated	17 Sept 2024
Jefferies Chris LaFemina 69% 1-year accuracy 9 / 13 met price target	21%upside $4	Buy Maintained	12 Jul 2024
CIBC Anita Soni 100% 1-year accuracy 7 / 7 met price target	6%upside $3.50	Neutral Maintained	10 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about BTG published over the past 30 days

Zacks Investment Research

B2Gold (BTG) Rises But Trails Market: What Investors Should Know

In the most recent trading session, B2Gold (BTG) closed at $3.31, indicating a +1.53% shift from the previous trading day.

B2Gold (BTG) Rises But Trails Market: What Investors Should Know

B2Gold: A Hidden Gem Amidst Rising Gold Prices And Expansion Projects

B2Gold is positioned to benefit from high gold prices, with the Goose Project in Canada and Fekola mine expansion driving future growth. Despite underperformance, B2Gold's diverse portfolio and recent agreements in Mali mitigate risks, making it undervalued compared to peers. Q2 results showed a 4.6% revenue increase despite lower production, with a strong outlook supported by rising gold prices and upcoming projects.

B2Gold: A Hidden Gem Amidst Rising Gold Prices And Expansion Projects

B2Gold Announces Goose Project Update; Project Construction and Development on Track for First Gold Production in Q2 2025; Total Construction and Mine Development Cash Expenditure Estimate Before First Gold Production Revised to Reflect Current Timeline

VANCOUVER, British Columbia, Sept. 12, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) announces an update for the Goose Project in Nunavut, Canada. All dollar figures are in United States dollars unless otherwise indicated.

B2Gold Announces Goose Project Update; Project Construction and Development on Track for First Gold Production in Q2 2025; Total Construction and Mine Development Cash Expenditure Estimate Before First Gold Production Revised to Reflect Current Timeline

B2Gold Reaches Agreement on Terms with Mali Government Relating to the Framework for the Fekola Complex; Approvals for Fekola Regional and Fekola Underground to be Expedited

VANCOUVER, British Columbia, Sept. 11, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce that it has agreed to terms (the “Agreement”) with the State of Mali (the “State”) in connection with the ongoing operation and governance of the Fekola Complex, including the development of both the underground project at the Fekola Mine (owned 80% by B2Gold and 20% by the State of Mali) and Fekola Regional. The Fekola Complex is comprised of the Fekola Mine (Medinandi permit hosting the Fekola and Cardinal pits and Fekola underground) and Fekola Regional (Anaconda Area (Bantako, Menankoto, and Bakolobi permits) and the Dandoko permit), which is located approximately 20 kilometers (“km”) from the Fekola Mine. All dollar figures are in United States dollars unless otherwise indicated.

B2Gold Reaches Agreement on Terms with Mali Government Relating to the Framework for the Fekola Complex; Approvals for Fekola Regional and Fekola Underground to be Expedited

Zacks Investment Research

B2Gold Stock Trading Cheaper Than Industry at 6.44x: Buy or Hold?

BTG is currently undervalued. We analyze the company's growth prospects to determine if now is a good time to scoop up the stock or exercise restraint.

B2Gold Stock Trading Cheaper Than Industry at 6.44x: Buy or Hold?

B2Gold: High Quality, Underappreciated Gold Producer With Impressive Growth Potential

B2Gold is a fundamentally strong gold producer with growth potential from the Goose Project in Canada and Fekola Complex expansion in Mali. Despite facing headwinds in 2024, B2Gold maintains solid operations, low costs, strong balance sheet, and attractive dividend yield. Valuation analysis suggests a fair value of $5.02, with potential upside of 76.83% from the current stock price of $2.69, making B2Gold stock a compelling buy opportunity for long-term investors.

B2Gold: High Quality, Underappreciated Gold Producer With Impressive Growth Potential

24/7 Wall Street

Is Gold Going to $3000? Grab 3 Mining Stocks Under $15 That Pay Big Dividends

Gold is hitting all-time highs as investors seek safety in a debt-ridden world. Since 2000, gold has had a compounded annual growth rate of 8.8%.

Is Gold Going to $3000? Grab 3 Mining Stocks Under $15 That Pay Big Dividends

Versamet Royalties Completes Acquisition of Royalty Portfolio from B2Gold

Vancouver, British Columbia--(Newsfile Corp. - August 13, 2024) - Versamet Royalties Corporation (formerly, Sandbox Royalties Corp.) ("Versamet") has completed the second and final closing (the "Second Closing") related to the acquisition of a royalty portfolio from B2Gold Corp. ("B2Gold") which was previously announced on June 6, 2024. The Second Closing included the acquisition of a 2.0% NSR royalty over the Mocoa copper-molybdenum project in Colombia owned by Libero Copper & Gold Corporation and a 3.0% NSR royalty over the Golden Sidewalk gold project in Ontario, Canada owned by Prosper Gold Corp. The acquisition of the Kiaka, Toega, Primavera, Midas, and Del Norte royalty assets was completed concurrent with the signing of definitive agreements on June 5, 2024.

Versamet Royalties Completes Acquisition of Royalty Portfolio from B2Gold

Zacks Investment Research

B2Gold (BTG) Dips 10.5% Post Q2 Earnings: Should You Buy It?

B2Gold (BTG) witnesses a y/y dip in Q2 earnings on excavator damage at its Fekola mine and cuts its 2024 guidance. Higher gold prices will negate the impacts of lower production on 2024 revenues.

B2Gold (BTG) Dips 10.5% Post Q2 Earnings: Should You Buy It?

B2Gold: An Unjustified After-Earnings Sell-Off

B2Gold appears fundamentally strong, benefiting from favorable industry trends that support its top line, while management maintains stringent discipline around costs. Friday's after-earnings sell-off appears unjustified, given the strong revenue growth and profitability metrics that support the safety of a compelling 6.5% dividend yield. BTG's valuation is attractive, with a fair value per share of $3.24, indicating a 31% potential upside.

B2Gold: An Unjustified After-Earnings Sell-Off

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