QualityDipStocks / Basic Materials · Precious Metals
B2Gold Common shares BTG
Outside our quality screen, so we don’t track its dips. It’s 23% below its 52-week high.
Outside our quality screen. No fair value estimate for now: there isn’t enough data.
- Fair value est.
- n/a
- Market Value
- —
- Off 52-wk high
- −23%
- Risk vs market
- Highbeta 2.19
4 bullish · 2 bearish See why
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk low: P/E 13.4×; now: P/E 15.7×.
| Low | Now | |
|---|---|---|
| Price | $3.65Jul 20 | $4.77 |
| Implied growth | n/a | n/a |
| P/E | 13.4× | 15.7× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for BTG: Capital spending isn't tagged in SEC XBRL data. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much BTG moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 4.8× the S&P 500’s.
- Beta vs S&P 500
- 2.19
- Volatility
- 61% vs 13% SPY
- Correlation SPY
- 0.46
- Correlation QQQ
- 0.42
Valuation details
FCF value $5.68
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
ValuationEV/EBITDA of 3.3×: modest for what the business earns before interest, tax and depreciation.
Balance sheetNet cash of $347M: cash and short-term investments exceed debt (Dec 31, 2025).
ProfitabilityReturn on invested capital of 28%, above the 9.5% discount rate our DCF uses.
Balance sheetDebt / equity of 0.0×, below the 0.1× median for the 21 Basic Materials companies we cover.
Top bearish points 2 of 5
RiskCyclical business: one strong year of cash flow can make it look cheaper than it is.
RiskReports earnings Nov 4 (consensus EPS $0.09): results can move the price sharply and reset Market Value.
All fundamentals
P/E 15.7 · ROE 12%
Valuation
- P/E
- 15.7×Basic Materials median 17.3×
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- 3.3×
- Price / sales
- n/anot reported in its SEC filings
- Price / book
- 1.75×
- Market cap
- $6.3Blisted
- Enterprise value
- $6.0B
Growth
- Revenue, 12 months
- n/anot reported in its SEC filings
- Sales growth, 12 months
- n/ano year-ago 12-month revenue
- Sales growth, 3 yrs
- n/anot reported in its SEC filings
- Diluted EPS, 12 months
- $0.28
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $402M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- n/anot reported in its SEC filings
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- 12%
- Return on invested capital
- 28%
Balance sheet
- Cash & short-term inv.
- $380M
- Total debt
- $34M
- Net cash
- $347M
- Debt / equity
- 0.01×
- Interest coverage
- 197.5×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 1.64%$103M paid
- Payout ratio
- 26%
- Buybacks, 12 months
- $10M0.2% of market cap
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Dec 31, 2025; balance sheet at Dec 31, 2025. From B2Gold Common shares’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.3B · Sales +14%
- Free cash flow, 12 months$0.3B
- Free-cash-flow yield4.8%
- Free-cash-flow margin8%
- Gross margin63%
- Operating margin46%
- Return on invested capital33%
- Return on equity23%
- Sales growth (latest quarter vs year-ago quarter)+14%
- Net debt / EBITDA0.1×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $4.77
- 52-wk lowlowest close, 1 year$3.65−23.5%
- PriceMon Nov 2 close$4.77you are here
- 52-wk highhighest close, 1 year$6.21+30.2%
Momentum & 52-week range
RSI 42 · 5 days −1.0%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 4
- DateWed Nov 4, after the close
- Consensus EPS$0.09
- Year-ago EPS$0.14
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
BTG is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on B2Gold Common shares in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Precious Metals
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.