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B2Gold Corp. (BTG)
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN
CA11777Q2099
CUSIP
11777Q209
Industry
Gold
IPO Date
Jun 24, 2008

Highlights

Market Cap
$7.32B
Enterprise Value
$7.61B
EPS (TTM)
$0.27
PE Ratio
17.09
PEG Ratio
0.02
Total Revenue (TTM)
$3.07B
Gross Profit (TTM)
$1.53B
EBITDA (TTM)
$1.60B
Year Range
$2.53 - $6.29
Target Price
$6.25
ROA (TTM)
6.89%
ROE (TTM)
11.27%

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in B2Gold Corp., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

B2Gold Corp. (BTG) has returned 0.83% so far this year and 61.92% over the past 12 months. Looking at the last ten years, BTG has achieved an annualized return of 12.95%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.


B2Gold Corp.

1D
7.35%
1M
-26.18%
YTD
0.83%
6M
-7.73%
1Y
61.92%
3Y*
9.06%
5Y*
4.36%
10Y*
12.95%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 24, 2008, BTG's average daily return is +0.10%, while the average monthly return is +1.84%. At this rate, your investment would double in approximately 3.2 years.

Historically, 51% of months were positive and 49% were negative. The best month was Jan 2009 with a return of +90.1%, while the worst month was Oct 2008 at -36.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, BTG closed higher 47% of trading days. The best single day was Oct 29, 2008 with a return of +30.0%, while the worst single day was Mar 2, 2009 at -25.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20268.65%25.71%-26.18%0.83%
2025-0.82%9.92%7.93%9.12%8.36%7.72%-6.65%22.55%20.42%-11.31%5.24%-1.95%88.95%
2024-11.39%-14.29%10.42%-2.30%9.80%-2.10%11.11%-6.67%11.65%7.79%-13.25%-14.08%-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%-13.11%6.84%-4.66%13.36%3.79%-5.13%
2021-11.61%-11.72%-0.49%11.37%6.25%-16.69%-0.48%-7.16%-11.10%21.05%-4.83%0.82%-26.97%

Benchmark Metrics

B2Gold Corp. has an annualized alpha of 22.47%, beta of 0.42, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 25, 2008.

  • This stock participated in 64.24% of S&P 500 Index downside but only 63.81% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.42 may look defensive, but with R² of 0.02 this stock is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
  • R² of 0.02 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
22.47%
Beta
0.42
0.02
Upside Capture
63.81%
Downside Capture
64.24%

Return for Risk

Risk / Return Rank

BTG ranks 72 for risk / return — better than 72% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


BTG Risk / Return Rank: 7272
Overall Rank
BTG Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
BTG Sortino Ratio Rank: 7070
Sortino Ratio Rank
BTG Omega Ratio Rank: 6969
Omega Ratio Rank
BTG Calmar Ratio Rank: 7272
Calmar Ratio Rank
BTG Martin Ratio Rank: 7272
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for B2Gold Corp. (BTG) and compare them to a chosen benchmark (S&P 500 Index).


BTGBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.15

0.90

+0.25

Sortino ratio

Return per unit of downside risk

1.65

1.39

+0.26

Omega ratio

Gain probability vs. loss probability

1.22

1.21

+0.01

Calmar ratio

Return relative to maximum drawdown

1.64

1.40

+0.25

Martin ratio

Return relative to average drawdown

3.92

6.61

-2.69

Explore BTG risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

B2Gold Corp. provided a 1.77% dividend yield over the last twelve months, with an annual payout of $0.08 per share.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%$0.00$0.05$0.10$0.152019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019
Dividend$0.08$0.08$0.16$0.16$0.16$0.16$0.11$0.01

Dividend yield

1.77%1.77%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
2026$0.00$0.00$0.02$0.02
2025$0.00$0.00$0.02$0.00$0.00$0.02$0.00$0.00$0.02$0.00$0.00$0.02$0.08
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

Dividend Yield & Payout


Dividend Yield

B2Gold Corp. has a dividend yield of 1.77%, which is quite average when compared to the overall market.

Payout Ratio

B2Gold Corp. has a payout ratio of 25.59%, which is below the market average. This means B2Gold Corp. returns a smaller proportion of its earnings to shareholders as dividends, suggesting it retains a higher portion for reinvestment, growth, or debt payment.

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 26.77%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-85.97%Apr 3, 2012958Jan 25, 20161024Feb 19, 20201982
-83.33%Jun 26, 200885Oct 24, 2008365Apr 9, 2010450
-63.35%Aug 6, 2020896Feb 28, 2024410Oct 16, 20251306
-43.3%Feb 25, 202019Mar 20, 202022Apr 22, 202041
-36.63%Feb 27, 202616Mar 20, 2026

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

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.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for BTG, comparing it with other companies in the Gold industry. Currently, BTG has a P/E ratio of 17.1. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.

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 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.

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 2.3. 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 2.0. 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