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B2Gold Corp. BTG

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Price alert · BTG

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4.70 USD -0.07 (-1.47%)

At closeNov 3, 2026, 7:53 PM EST

4.70 0.00 -0.04%

After hours · Nov 3, 7:53 PM ET

4.65 Day range 4.78
3.57 52-week range 6.29
YTD
+4.21%
1 year
+10.59%

Financial health

Altman Z-Score

3.73 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

6 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

A+5 / 5 overall

  • DCF 5
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 3
  • P/E 3
  • P/B 4

Valuation

P/E 14.5×
FY 2016: 57.0×FY 2017: 53.3×FY 2018: 97.3×FY 2019: 13.8×FY 2020: 9.3×FY 2021: 9.8×FY 2022: 14.9×FY 2023: 385×FY 2024: -5.1×FY 2025: 14.5×
FY 2016 5y median 14.5× FY 2025
P/S 2.0×
FY 2016: 3.3×FY 2017: 4.7×FY 2018: 2.5×FY 2019: 3.5×FY 2020: 3.3×FY 2021: 2.4×FY 2022: 2.2×FY 2023: 2.0×FY 2024: 1.7×FY 2025: 2.0×
FY 2016 5y median 2.0× FY 2025
P/B 1.7×
FY 2016: 1.5×FY 2017: 2.0×FY 2018: 1.9×FY 2019: 2.0×FY 2020: 2.3×FY 2021: 1.4×FY 2022: 1.3×FY 2023: 1.0×FY 2024: 1.1×FY 2025: 1.7×
FY 2016 5y median 1.3× FY 2025
P/FCF 90.0×
FY 2016: 36.7×FY 2017: -13.9×FY 2018: 17.1×FY 2019: 19.1×FY 2020: 8.8×FY 2021: 8.9×FY 2022: 12.6×FY 2023: 6.1×FY 2024: -135×FY 2025: 90.0×
FY 2016 5y median 8.9× FY 2025
EV/EBITDA 4.3×
FY 2016: 10.3×FY 2017: 14.8×FY 2018: 6.6×FY 2019: 5.5×FY 2020: 4.0×FY 2021: 3.2×FY 2022: 3.5×FY 2023: 5.1×FY 2024: 35.4×FY 2025: 4.3×
FY 2016 5y median 4.3× FY 2025
EV/Sales 2.0×
FY 2016: 3.8×FY 2017: 5.6×FY 2018: 2.8×FY 2019: 3.6×FY 2020: 3.1×FY 2021: 2.0×FY 2022: 1.8×FY 2023: 2.0×FY 2024: 1.7×FY 2025: 2.0×
FY 2016 5y median 2.0× FY 2025
FCF Yield 1.1%
FY 2016: 2.7%FY 2017: -7.2%FY 2018: 5.9%FY 2019: 5.2%FY 2020: 11.4%FY 2021: 11.3%FY 2022: 7.9%FY 2023: 16.4%FY 2024: -0.7%FY 2025: 1.1%
FY 2016 5y median 7.9% FY 2025

Profitability

Gross Margin 50.0%
FY 2016: 30.7%FY 2017: 23.5%FY 2018: 29.8%FY 2019: 39.0%FY 2020: 53.6%FY 2021: 43.6%FY 2022: 34.9%FY 2023: 40.3%FY 2024: 37.1%FY 2025: 50.0%
FY 2016 5y median 40.3% FY 2025
Operating Margin 45.9%
FY 2016: 18.5%FY 2017: 13.6%FY 2018: 23.4%FY 2019: 44.0%FY 2020: 58.9%FY 2021: 40.5%FY 2022: 29.0%FY 2023: 34.9%FY 2024: 31.3%FY 2025: 45.9%
FY 2016 5y median 34.9% FY 2025
Net Margin 13.1%
FY 2016: 5.7%FY 2017: 8.9%FY 2018: 2.4%FY 2019: 25.4%FY 2020: 35.1%FY 2021: 23.8%FY 2022: 14.6%FY 2023: 0.5%FY 2024: -33.1%FY 2025: 13.1%
FY 2016 5y median 13.1% FY 2025
ROE 11.2%
FY 2016: 2.7%FY 2017: 3.7%FY 2018: 1.8%FY 2019: 14.7%FY 2020: 24.4%FY 2021: 14.7%FY 2022: 8.4%FY 2023: 0.3%FY 2024: -21.1%FY 2025: 11.2%
FY 2016 5y median 8.4% FY 2025
ROIC 12.7%
FY 2016: 3.3%FY 2017: 3.1%FY 2018: 6.1%FY 2019: 12.8%FY 2020: 22.0%FY 2021: 13.5%FY 2022: 7.8%FY 2023: 1.9%FY 2024: 14.0%FY 2025: 12.7%
FY 2016 5y median 12.7% FY 2025
ROA 6.8%
FY 2016: 1.7%FY 2017: 2.1%FY 2018: 1.1%FY 2019: 10.9%FY 2020: 18.7%FY 2021: 11.8%FY 2022: 6.9%FY 2023: 0.2%FY 2024: -13.1%FY 2025: 6.8%
FY 2016 5y median 6.8% FY 2025

Growth (YoY)

Revenue 60.9%
FY 2016: 23.4%FY 2017: -6.5%FY 2018: 91.8%FY 2019: -5.7%FY 2020: 54.8%FY 2021: -1.5%FY 2022: -1.7%FY 2023: 11.6%FY 2024: -1.7%FY 2025: 60.9%
FY 2016 FY 2025
Operating Income 136.1%
FY 2016: 233.2%FY 2017: -31.4%FY 2018: 230.2%FY 2019: 77.6%FY 2020: 107.3%FY 2021: -32.2%FY 2022: -29.6%FY 2023: 34.3%FY 2024: -11.8%FY 2025: 136.1%
FY 2016 FY 2025
EPS (diluted) 158.3%
FY 2016: 125.3%FY 2017: 43.7%FY 2018: 71.8%FY 2019: 190.0%FY 2020: 103.4%FY 2021: -32.2%FY 2022: -40.0%FY 2023: -96.6%FY 2024: -5953.7%FY 2025: 158.3%
FY 2016 FY 2025
Free Cash Flow 380.6%
FY 2016: 273.9%FY 2017: -457.2%FY 2018: 182.5%FY 2019: 19.0%FY 2020: 212.9%FY 2021: -29.9%FY 2022: -35.7%FY 2023: 112.3%FY 2024: -103.7%FY 2025: 380.6%
FY 2016 FY 2025

Financial Health

Current Ratio 1.1×
FY 2016: 1.6×FY 2017: 0.8×FY 2018: 1.8×FY 2019: 2.6×FY 2020: 2.7×FY 2021: 4.5×FY 2022: 4.4×FY 2023: 2.3×FY 2024: 1.6×FY 2025: 1.1×
FY 2016 5y median 2.3× FY 2025
Quick Ratio 0.5×
FY 2016: 1.0×FY 2017: 0.4×FY 2018: 0.6×FY 2019: 1.3×FY 2020: 1.8×FY 2021: 3.3×FY 2022: 3.0×FY 2023: 1.2×FY 2024: 0.7×FY 2025: 0.5×
FY 2016 5y median 1.2× FY 2025
Debt / Equity 0.2×
FY 2016: 0.3×FY 2017: 0.5×FY 2018: 0.3×FY 2019: 0.1×FY 2020: 0.0×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.1×FY 2024: 0.1×FY 2025: 0.2×
FY 2016 5y median 0.1× FY 2025
Net Debt / EBITDA 0.2×
FY 2016: 1.4×FY 2017: 2.3×FY 2018: 0.7×FY 2019: 0.2×FY 2020: -0.3×FY 2021: -0.5×FY 2022: -0.6×FY 2023: -0.2×FY 2024: 1.1×FY 2025: 0.2×
FY 2016 5y median -0.2× FY 2025
Interest Coverage 37.3×
FY 2016: 12.4×FY 2017: 6.7×FY 2018: 9.3×FY 2019: 19.1×FY 2020: 66.6×FY 2021: 60.5×FY 2022: 46.3×FY 2023: 48.4×FY 2024: 17.1×FY 2025: 37.3×
FY 2016 5y median 46.3× FY 2025

Dividends

Dividend Yield 1.8%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.3%FY 2020: 2.1%FY 2021: 4.0%FY 2022: 4.3%FY 2023: 4.9%FY 2024: 5.8%FY 2025: 1.8%
FY 2016 5y median 4.3% FY 2025
Payout Ratio 26.2%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 3.6%FY 2020: 19.3%FY 2021: 39.7%FY 2022: 64.8%FY 2023: 1883.2%FY 2024: -29.3%FY 2025: 26.2%
FY 2016 5y median 39.7% FY 2025

Annual · latest fiscal year ends 2025-12-31