profit from every $100 of sales.
$0$100
B2Gold
$4.96-4.25% today
+18.7% in 1 year
1-year low $3.651-year high $6.21
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $16.26 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What B2Gold sold, what it kept, and what it did with the cash.
Sales went from $1.73 billion in 2022 to $3.06 billion in 2025, with $402 million of profit last year.
SalesProfit
B2Gold handed back 13% of the cash it generated last year.
$103M
Free cash flow 2025$896M
Bought back its own shares$10M
Paid as dividends$103M
Cash vs. debt$380M vs. $598M
B2Gold vs. similar companies
B2Gold grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| B2Gold | 16.3× · Fair price | ||
 Newmont | 16.5× · Fair price | ||
 Zijin Mining Group | 13.8× · Cheap | ||
 Agnico Eagle Mines | 20.2× · Fair price | ||
 Barrick Mining | 12.3× · Cheap |
AI analysis
An AI analyst reads B2Gold's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,733 | 1,934 | 1,902 | 3,061 | |
| 604 | 780 | 706 | 1,531 | |
| 517 | 675 | 595 | 1,405 | |
| 925 | 737 | 93 | 1,455 | |
| 253 | 10 | -630 | 402 | |
| 0.24 | 0.01 | -0.48 | 0.28 | |
| 34.9% | 40.3% | 37.1% | 50.0% | |
| 29.8% | 34.9% | 31.3% | 45.9% | |
| 14.6% | 0.5% | -33.1% | 13.1% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 3,681 | 4,875 | 4,814 | 5,879 |
| Cash | 652 | 307 | 337 | 380 |
| Total debt | 57 | 192 | 438 | 598 |
| Total liabilities | 569 | 965 | 1,778 | 2,238 |
| 3,008 | 3,810 | 2,983 | 3,594 | |
| 1,071 | 1,237 | 1,309 | 1,481 | |
| 14.0% | 6.6% | -6.3% | 19.1% | |
| 8.4% | 0.3% | -21.1% | 11.2% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 596 | 714 | 878 | 896 | |
| 75 | 76 | 17 | – | |
| 521 | 638 | 878 | 896 | |
| Dividends paid | 171 | 187 | 185 | 103 |
| – | – | 0 | 10 | |
| 25 | 18 | 24 | 23 |
Valuation
- 16.3×
- 6.5×
- 3.08
- 1.7×
- 2.1×
- 7.3×
- 4.6×
- 13.7%
- 6.2%
- 1.8%
Profitability
- 50.0%
- 45.9%
- 13.1%
- 57.3%
- 15.4%
- 2.8%
- 15.7%
- 9.1%
- 36.6%
- –
Growth
- +20.9%
- +5.3%
- +380.6%
- −6.2%
- +5.9%
Financial health
- 0.0×
- 0.14
- 8.7%
- 35.4×
- 1.19
- 0.59
- 0.62
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 15%of 989
Top 4%of 954
Top 36%of 773
Top 17%of 933
Top 7%of 988
What analysts expect
- Average price target
- $6.25
- Range
- $6.00 – $6.50
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 0.19 | 0.11 | +72.7% |
| Feb 18, 2026 | 0.11 | 0.20 | −45.0% |
| Nov 5, 2025 | 0.14 | 0.15 | −6.7% |
| Aug 7, 2025 | 0.12 | 0.15 | −20.0% |
| May 7, 2025 | 0.09 | 0.08 | +12.5% |
| Feb 19, 2025 | 0.01 | 0.07 | −85.7% |
| Nov 6, 2024 | 0.02 | 0.05 | −60.0% |
| Aug 8, 2024 | 0.06 | 0.08 | −25.0% |
1.8%of the share price, paid each year
On $1,000 invested$18a year at today's yield, before tax
−6.2%2020 to 2025
Raised–not every year
Paid per share, each year
$0.01 in 2019 → $0.08 in 2025
How safe it looks
25.7% of its profit
Room to growStretchedMore than it earns: 11.5%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
58No pass
Benjamin Graham
57No pass
Philip Fisher
57No pass
Peter Lynch
39No pass
Joel Greenblatt
59No pass
Charlie Munger
51No pass
Terry Smith
42No pass
Questions about B2Gold
Is B2Gold a good stock to buy?
A solid business at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the B2Gold AI analysis
What does B2Gold do?
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. It is in Gold, based in Vancouver, BC, Canada.
Does B2Gold pay a dividend?
Yes. At today's price the dividend is 1.8% a year, about 26% of its yearly profit. In 2025 it paid out $103 million in dividends.
Is B2Gold stock halal?
Yes. B2Gold passes our halal screen: its business is permitted and its debt is 9% of its market value, under the 30% limit. How we check
How has B2Gold stock done over the past year?
Up 18.7% over the past twelve months, to $4.96. It traded between $3.65 and $6.21 and is 20.1% below its high.
Who are B2Gold's competitors?
The largest listed companies in the same industry are Newmont, Zijin Mining Group, Agnico Eagle Mines and Barrick Mining. The peers table on this page compares their profit, growth and price with B2Gold's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.