BTG Stock Recent News

B2Gold (BTG) reported earnings 30 days ago. What's next for the stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

I've downgraded B2Gold from a Strong Buy to a Buy due to the risk of a "sell the news" drop following the release of the Gramalote feasibility study. Despite the downgrade, I still see a strong growth profile with the Goose and Fekola Regional projects set to increase gold production to pre-2024 levels. I believe the excitement around Gramalote is premature given the long permitting timelines (potential start of production by the end of the decade) and understated (in my view) contingency budget.

B2Gold remains undervalued despite its recent rally, trading at a steep discount to peers on a P/NAV basis despite an imminent upgrade in its jurisdictional profile. Aside from a jurisdictional upgrade (Canada vs. Africa and the Philippines), Goose is a transformational asset, set to generate over $400 million in annual mine-site free cash flow. Further, recent reserve reductions at Goose may be ugly on the surface but are a temporary setback, and I expect a significantly improved LOMP in the coming years.

B2Gold is poised for a production boost to ~1.2 million oz with Back River coming online, plus further organic growth projects in the pipeline. Despite recent delays and cost overruns, Back River's imminent completion should resolve investor concerns and unlock significant value. B2Gold trades at a deep discount to peers, with a low 7x forward P/E and strong profitability potential at current gold prices.

Does B2Gold (BTG) have what it takes to be a top stock pick for momentum investors? Let's find out.

VANCOUVER, British Columbia, May 28, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce that it has published its ninth annual Responsible Mining Report entitled “Raising the Bar” (the “Report”), which details B2Gold's global economic contributions and its environmental, social, and governance (“ESG”) management practices, together with the Company's performance against key indicators in 2024. Highlights of the Report are presented below, and full details are outlined in the Report, which is available to view or download at the link provided below. All dollar figures are in United States dollars unless otherwise indicated.

Here is how B2Gold (BTG) and Akzo Nobel NV (AKZOY) have performed compared to their sector so far this year.

B2Gold has underperformed peers, but its prospects are looking up. Management has sent a clear signal to the market that shares are undervalued. Operationally, Fekola, Masbate, and Otjikoto mines show mixed production trends, but cost controls have improved margins at Masbate and Otjikoto. The valuation is compelling: BTG trades at a 24% discount to peers on forward EV/EBITDA, with 37% upside potential if mean reversion occurs.

B2Gold (BTG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.