B2Gold Corp
Research B2Gold Corp (BTO) on Bullrun: valuation model: 4.3% undervalued, market cap CAD 10.05B, P/E 9.9, dividend yield 1.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBTO
- ExchangeTO
- CountryCanada
- SectorBasic Materials
- IndustryGold
- CurrencyCAD
- Valuation signal4.3% undervalued
- Market capCAD 10.05B
- P/E9.9
- Dividend yield1.4%
- Financial periodQ1 2026
- RevenueUSD 1.16B
- Net incomeUSD 199.94M
- Free cash flowUSD 539.48M
- Gross margin52.6%
Valuation Snapshot
Bullrun's latest valuation model marks B2Gold Corp as 4.3% undervalued; latest market cap is CAD 10.05B; P/E is 9.9; dividend yield is 1.4%.
Peer valuation comparison
Latest P/E is 9.88x versus a Basic Materials sector median of 17.36x (43.1% below).
Latest dividend yield is 1.41% versus a Basic Materials sector median of 2.19% (35.6% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 3.06B | USD 401.91M | n/a | 50.0% | n/a | USD 380.42M | USD 598.31M | USD 3.59B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-24 | CAD 10.05B | 9.9 | 1.5% | 0.11 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.11 CAD, yield 1.4%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.11 USD |
About B2Gold Corp
B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia. In addition, the company has a portfolio of other evaluation and exploration assets in Mali, Canada and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.
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Frequently asked questions
Is B2Gold Corp overvalued or undervalued?
Bullrun's valuation model currently marks B2Gold Corp as 4.3% undervalued.
What is B2Gold Corp's market cap?
B2Gold Corp's market capitalization is CAD 10.05B.
What is B2Gold Corp's P/E ratio?
B2Gold Corp's price-to-earnings (P/E) ratio is 9.9.
Does B2Gold Corp pay a dividend?
B2Gold Corp has a dividend yield of 1.4%.
What does B2Gold Corp do?
B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia. In addition, the company has a portfolio of other evaluation and exploration assets in Mali, Canada and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.