3.82%
0.28%
-23.26%
-14.73%
-5.87%
-22.93%
-38.39%
AI Spotlight on BTO
Company Description
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.The company was incorporated in 2006 and is headquartered in Vancouver, Canada.
Market Data
| Last Price | 3.53 |
| Change Percentage | 3.82% |
| Open | 3.45 |
| Previous Close | 3.4 |
| Market Cap ( Millions) | 4653 |
| Volume | 2596547 |
| Year High | 4.84 |
| Year Low | 3.16 |
| M A 50 | 3.7 |
| M A 200 | 3.88 |
Financial Ratios
| FCF Yield | 4.86% |
| Dividend Yield | 6.23% |
| ROE | -20.27% |
| Debt / Equity | 7.51% |
| Net Debt / EBIDTA | 430.75% |
| Price To Book | 0.96 |
| Price Earnings Ratio | -4.01 |
| Price To FCF | 20.56 |
| Price To sales | 1.68 |
| EV / EBITDA | -63.97 |
News
- Jan -29 - B2Gold Fourth Quarter and Full Year 2024 Financial Results – Conference Call Details
- Jan -29 - B2Gold (BTG) Stock Moves -0.42%: What You Should Know
- Jan -28 - B2Gold Completes Upsized Offering of Convertible Senior Notes
- Jan -24 - B2Gold Announces Pricing of Upsized Offering of Convertible Senior Notes
- Jan -23 - B2Gold Has Sector Perform Rating, US$4 Price Target at RBC; BTO Down 6.5% On TSX
- Jan -23 - B2Gold to invest $10m in Mali’s Fekola gold complex
- Jan -22 - B2Gold Announces Offering of Convertible Senior Notes
- Jan -22 - B2Gold says Mali risks reduced, to continue exploration spending
- Jan -17 - B2Gold (BTG) Ascends But Remains Behind Market: Some Facts to Note
- Jan -16 - Is B2Gold Corp. (BTG) Among Wednesday’s Losers?
- Jan -15 - B2Gold Maintained at Outperform at BMO Following Q4 Production., Dividend Cut; Price Target Lowered to C$7.00
- Jan -15 - Royal Gold Q4 Stream Segment's Sales Decrease 13% Sequentially
- Jan -15 - Eldorado Gold Reports Sequential Increase in Q4 Gold Production
- Jan -14 - B2Gold Maintained at Outperform at BMO Following Q4 Production Cuts; Price Target Cut to C$7.00
- Jan -14 - B2Gold Reports Y/Y Decrease in Q4 Gold Production & Revenues
- Jan -14 - B2Gold Keeps Stock Rating, Price Target at Both RBC Capital Markets, National Bank
- Jan -14 - B2Gold Cuts Dividend, Plans Normal Course Issuer Bid as Part of Amended Shareholder Returns Strategy
- Jan -13 - B2Gold Announces Amended Shareholder Return Strategy, including New Dividend Framework and Intention to Implement a Normal Course Issuer Bid
- Jan -13 - B2Gold Up 0.8% As It Details Gold Production for 2024 and 2025 and Updates On Goose Project
- Jan -13 - B2Gold Announces Total Consolidated Gold Production for 2024 of 804,778 oz, Within the Revised 2024 Guidance Range; Total Gold Production for 2025 Anticipated to be Between 970,000 and 1,075,000 oz; Goose Project Remains On Track for First Gold in Q2 2025 and Total Capital Estimate Remains at C$1,540 Million
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Fekola Mine
Expected Growth : 7 %
What the company do ?
The Fekola Mine is a large gold mine in Mali, West Africa, operated by B2Gold Corp., producing over 400,000 ounces of gold annually.
Why we expect these perspectives ?
Fekola Mine's 7% growth driven by increased gold production, improved ore grades, and enhanced processing recoveries. Strong exploration results and reserve additions also contribute to growth. Additionally, B2Gold Corp.'s cost-saving initiatives and favorable gold prices support the mine's expansion.
Segment n°2 -> Otjikoto Mine
Expected Growth : 8 %
What the company do ?
The Otjikoto Mine is a gold mine in Namibia, operated by B2Gold Corp., producing approximately 190,000 ounces of gold annually.
Why we expect these perspectives ?
Otjikoto Mine's 8% growth driven by increased gold production, improved ore grades, and enhanced processing recoveries. Strong exploration results and reserve additions also contribute to growth. Additionally, B2Gold Corp.'s cost-saving initiatives and favorable gold prices support the mine's expansion.
Segment n°3 -> Masbate Mine
Expected Growth : 9 %
What the company do ?
The Masbate Mine is an open-pit gold mine located in the Philippines, operated by B2Gold Corp., producing over 200,000 ounces of gold annually.
Why we expect these perspectives ?
Masbate Mine's 9% growth driven by increased gold production, improved mill recoveries, and higher gold grades. Additionally, successful exploration and drilling programs have expanded mineral reserves, supporting future production growth. Furthermore, B2Gold Corp.'s cost-saving initiatives and efficient operations have enhanced profitability, contributing to the mine's overall growth.
B2Gold Corp. Products
| Product Range | What is it ? |
|---|---|
| Gold | B2Gold Corp. is a leading gold producer with operations in Mali, Namibia, and the Philippines. The company's primary product is gold, which is extracted from its mines and sold to refineries and other buyers. |
| Copper | B2Gold Corp. also produces copper as a by-product of its gold mining operations. Copper is extracted from the ore and sold to manufacturers and refineries. |
| Silver | Silver is another by-product of B2Gold Corp.'s gold mining operations. The company extracts silver from the ore and sells it to refineries and other buyers. |
B2Gold Corp.'s Porter Forces
Threat Of Substitutes
B2Gold Corp. operates in the gold mining industry, which has few substitutes. However, the company faces competition from other precious metals and alternative investments, which could potentially substitute gold.
Bargaining Power Of Customers
B2Gold Corp.'s customers, primarily gold refineries and jewelry manufacturers, have limited bargaining power due to the company's strong market position and the lack of alternative suppliers.
Bargaining Power Of Suppliers
B2Gold Corp. relies on suppliers for equipment, materials, and services. While the company has some bargaining power due to its size, suppliers still have some negotiating power, particularly for specialized equipment and services.
Threat Of New Entrants
The gold mining industry has high barriers to entry, including significant capital requirements, regulatory hurdles, and environmental concerns, making it difficult for new entrants to join the market.
Intensity Of Rivalry
The gold mining industry is highly competitive, with many established players competing for market share. B2Gold Corp. faces intense rivalry from other gold mining companies, which can lead to downward pressure on prices and profit margins.
Strength
Weaknesses
Opportunities
Threats
Capital Structure
| Value | |
|---|---|
| Debt Weight | 4.80% |
| Debt Cost | 9.70% |
| Equity Weight | 95.20% |
| Equity Cost | 9.70% |
| WACC | 9.70% |
| Leverage | 5.04% |
B2Gold Corp. : Quality Control
B2Gold Corp. passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| HL | Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, … |
| LUG.TO | Lundin Gold Inc. operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 … |
| RGLD | Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that … |
| K.TO | Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. … |
| ELD.TO | Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Lundin Gold
A-Score
1-Year Total Return ->
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B2Gold
A-Score
1-Year Total Return ->
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Royal Gold
A-Score
1-Year Total Return ->
4
Kinross Gold
A-Score
1-Year Total Return ->
5
Eldorado Gold
A-Score
1-Year Total Return ->
6
