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B2Gold Corp. (BTG)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN

CA11777Q2099

CUSIP

11777Q209

Industry

Gold

IPO Date

Jun 24, 2008

Highlights

Market Cap

$3.90B

EPS (TTM)

-$0.47

PEG Ratio

4.71

Total Revenue (TTM)

$1.97B

Gross Profit (TTM)

$941.63M

EBITDA (TTM)

-$9.05M

Year Range

$2.18 - $3.51

Target Price

$3.79

Short %

1.71%

Short Ratio

1.34

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

B2Gold Corp. (BTG) returned 25.92% year-to-date (YTD) and 10.71% over the past 12 months. Over the past 10 years, BTG returned 7.98% annually, underperforming the S&P 500 benchmark at 10.86%.


BTG

YTD

25.92%

1M

-8.13%

6M

10.88%

1Y

10.71%

3Y*

-4.96%

5Y*

-7.31%

10Y*

7.98%

^GSPC (Benchmark)

YTD

1.39%

1M

12.89%

6M

1.19%

1Y

12.45%

3Y*

15.19%

5Y*

14.95%

10Y*

10.86%

*Annualized

Monthly Returns

The table below presents the monthly returns of BTG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-0.82%9.92%7.93%9.12%-1.93%25.92%
2024-11.39%-14.28%10.42%-2.30%9.80%-2.11%11.11%-6.66%11.65%7.79%-13.25%-14.09%-18.07%
202311.20%-14.61%17.57%-0.00%-6.60%-1.92%-2.24%-11.46%-5.28%11.76%4.64%-5.39%-7.22%
2022-7.89%11.33%14.93%-7.41%-7.06%-13.25%3.54%-13.10%6.84%-4.66%13.36%3.79%-5.13%
2021-11.61%-11.72%-0.49%11.37%6.25%-16.69%-0.47%-7.16%-11.10%21.05%-4.83%0.82%-26.97%
20207.73%-7.64%-23.14%65.36%8.30%4.24%21.26%-2.32%-2.69%-1.23%-13.35%1.08%42.35%
20198.56%-0.95%-10.51%-3.20%-0.37%11.81%4.95%12.58%-9.78%8.67%5.07%8.97%37.63%
2018-2.58%-1.66%-8.08%5.13%-4.88%-5.49%-3.88%-5.64%-1.71%6.95%-0.40%19.18%-5.81%
201729.11%0.65%-8.12%-10.25%-1.18%11.95%-10.32%9.52%1.45%-9.64%0.39%22.05%30.80%
2016-26.83%50.07%48.22%33.73%-18.02%37.91%24.70%-19.81%4.78%9.88%-16.26%-2.07%132.37%
201520.99%-15.31%-8.44%1.97%9.68%-9.99%-30.07%11.22%-11.76%1.90%2.81%-7.28%-37.04%
201415.34%23.18%-6.28%7.44%-16.26%20.66%-11.30%-0.77%-21.01%-17.73%-3.59%0.62%-19.80%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BTG is 60, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BTG is 6060
Overall Rank
The Sharpe Ratio Rank of BTG is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of BTG is 5858
Sortino Ratio Rank
The Omega Ratio Rank of BTG is 5555
Omega Ratio Rank
The Calmar Ratio Rank of BTG is 6262
Calmar Ratio Rank
The Martin Ratio Rank of BTG is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for B2Gold Corp. (BTG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

B2Gold Corp. Sharpe ratios as of May 20, 2025 (values are recalculated daily):

  • 1-Year: 0.23
  • 5-Year: -0.17
  • 10-Year: 0.16
  • All Time: 0.12

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of B2Gold Corp. compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

B2Gold Corp. provided a 4.59% dividend yield over the last twelve months, with an annual payout of $0.14 per share. The company has been increasing its dividends for 5 consecutive years.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%$0.00$0.05$0.10$0.15201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019
Dividend$0.14$0.16$0.16$0.16$0.16$0.11$0.01

Dividend yield

4.59%6.56%5.06%4.48%4.07%1.96%0.25%

Monthly Dividends

The table displays the monthly dividend distributions for B2Gold Corp.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.02$0.00$0.00$0.02
2024$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.16
2023$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.16
2022$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.16
2021$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.16
2020$0.00$0.00$0.01$0.00$0.00$0.02$0.00$0.00$0.04$0.00$0.00$0.04$0.11
2019$0.01$0.00$0.01

Dividend Yield & Payout


Dividend Yield

B2Gold Corp. has a dividend yield of 4.59%, which is quite average when compared to the overall market.

Payout Ratio

B2Gold Corp. has a payout ratio of 66.67%, which is quite average when compared to the overall market. This suggests that B2Gold Corp. strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the B2Gold Corp.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the B2Gold Corp. was 85.97%, occurring on Jan 25, 2016. Recovery took 1024 trading sessions.

The current B2Gold Corp. drawdown is 48.95%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-85.97%Apr 3, 2012955Jan 25, 20161024Feb 19, 20201979
-79.57%Jul 2, 200838Oct 24, 2008212Nov 30, 2009250
-63.36%Aug 6, 2020896Feb 28, 2024
-43.3%Feb 25, 202019Mar 20, 202022Apr 22, 202041
-36.51%Sep 19, 201161Dec 14, 201158Mar 12, 2012119

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of B2Gold Corp. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Earnings Per Share

The chart presents the Earnings Per Share (EPS) performance of B2Gold Corp., comparing actual results with analytics estimates. The company has exceeded analyst expectations for EPS in the past quarter, achieving a 17.2% positive surprise.


0.020.040.060.080.100.120.1420212022202320242025
0.09
0.08
Actual
Estimate

Valuation

The Valuation section provides an overview of how B2Gold Corp. is priced in the market compared to other companies in the Gold industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for BTG compared to other companies in the Gold industry. BTG currently has a PEG ratio of 4.7. This PEG ratio is close to the industry average, suggesting the stock’s valuation is balanced against its growth outlook.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for BTG relative to other companies in the Gold industry. Currently, BTG has a P/S ratio of 2.0. This P/S ratio is low compared to the industry average. It may indicate that the stock is undervalued relative to its revenue, or that the market expects slower growth or lower margins.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for BTG in comparison with other companies in the Gold industry. Currently, BTG has a P/B value of 1.3. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items