# B2Gold Corp Common shares (Canada) (BTG) fundamentals

Data as of 2026-09-08. AMEX, United States. Sector: Basic Materials / Metals & Mining. Price $5.61, market value $7.4 billion.

## Valuation
- **P/E (trailing): 10.0×** (5-yr avg 82.2×, 3-yr avg 153.7×). B2Gold Corp Common shares (Canada) trades at 10.0× trailing earnings, well below its own five-year average of 82.2×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 5.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 1.9×**. The shares trade at 1.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.3×**. Enterprise value is 3.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.4%**. Free cash flow equals 12.4% of the market value. Above 5% is generally attractive.
- **Earnings yield: 10.0%**. The inverse of the P/E: 10.0% of the price is earned each year.

## Profitability
- **Gross margin: 49.1%**. B2Gold Corp Common shares (Canada) keeps 49.1% of revenue after the direct cost of what it sells.
- **Operating margin: 45.9%**. 45.9% of revenue is left after running the business, an exceptional level.
- **Return on equity: 11.7%**. 11.7% on shareholders' equity is solid.
- **Return on invested capital: 22.7%**. Return on all capital, debt included, is 22.7%: comfortably above what that capital costs.
- **Return on assets: 13.7%**. Each dollar of assets produces 13.7% of profit.

## Growth
- **EPS growth (1 yr): 158.3%** (3-yr 5.3%/yr, 5-yr -13.8%/yr). Earnings per share rose 158.3%.

## Financial health
- **Debt to equity: 0.16**. Debt is 0.16 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 28.5×**. Operating profit covers interest 28.5× over, a safe margin.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.43%** ($0.08 per share, trailing). B2Gold Corp Common shares (Canada) yields 1.43%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 24%** (11% of free cash flow). 24% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): -7.6%/yr** (1-yr -53.8%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: buy** (5 analysts). 5 analysts cover B2Gold Corp Common shares (Canada); the consensus is buy, with an average price target of $6.15 (+10% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 40.1%** (YTD 25.5%, 3-mo 34.9%). The shares are up 40.1% over twelve months including dividends.
- **From 52-week high: -10.8%** (57.1% above the low). Trading 11% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): 1.85** (volatility 62%). Beta of 1.85 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BTG · Page: https://foliofundamentals.com/stocks/btg

Not investment advice.