TSE:BTO

B2Gold Corp. (BTO.TO)

5.72
-0.24 (4.03%)
as of Jun 23, 2026, 8:00:01 pm Market Open.
323 watching
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Investor Insights
star iconJun 23, 2026, 12:00 am

This summary was created by AI, based on 6 opinions in the last 12 months.

B2Gold Corp (BTO-T) has seen mixed reviews from various analysts, reflecting a complex interplay of geopolitical risks and operational challenges. Some experts have expressed optimism regarding its potential stock re-rating, particularly if issues at its Canadian operation are resolved. The management team is viewed favorably, though there remains market skepticism about their global aspirations. The company has recently gained traction, with significant year-to-date recovery despite past concerns over political risk, leading to a perceived undervaluation in terms of earnings multiples and dividend yield. Analysts highlight the ongoing production challenges but maintain a bullish outlook on long-term growth prospects once these are addressed.

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Consensus
Positive
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Valuation
Undervalued
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EQX
DON'T BUY
Doesn't own it due to geopolitics in Maui. $8.50 target. Strong cashflow, but higher production costs because of higher labour costs. Costs will be covered off by the rise in the commodity price.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The sector was beaten up badly and this presents a decent dividend yield. Economic stimulus should mean gold has an okay outlook. Has a strong balance sheet. Some patience might be required but the key is to have exposure for the moves and not after. Unlock Premium - Try 5i Free

TOP PICK
Gold should be doing better. Huge tailwinds with inflation around 5% and interest rates around 2%. Some political risk, no debt, low-cost producer, discount to NAV. Sector is unloved and underowned. Yield is 3.74%. (Analysts’ price target is $8.58)
BUY
He thinks this is a company that has decent upside potential. He thinks it could go to $6.50 because we are going to see some improvement in gold.
BUY ON WEAKNESS
Has held it since 2015. He would keep this at a certain allocation and would add to it if it dips below your chosen percentage. If you buy a good asset, continue to add by maintaining asset allocation. He is buying it for the long term. The money that comes in with the upshot will return once trends move up again.
DON'T BUY
Will it hit $12.50? Hasn't researched this name. He just knows their main mine is in Mali where there's political uncertainty and jurisdictional risk. Are investors compensated for this risk? Is the stock cheap enough? He can't tell what the price target is.
BUY
It will trade along the gold price. Any time the gold price stalls, there will be a pull back in the stock price. This gold environment will continue. They now hold over 10% of their portfolio in gold. This stock will trade off exploration success or deal flow and not earnings.
DON'T BUY
There is significant geopolitical risks where they operate. There was a mutiny in Mali that has affected gold miners.
HOLD
Shouldn't be more than 10% in gold, given the volatility. As long as it's an appropriate percentage of your portfolio, you'll be fine.
BUY
He is keen on gold in general as it appears to be a good place to be hiding during this market uncertainty. This company is a holding for him and still a candidate for purchase today. He is not overly concerned about South Africa violence, as the operations are far removed from the issues.
HOLD
He's been in and out of this, due to occasional jurisdictional issues. A well-regarded mid-tier gold producer, though, offering low costs and high free cash flow. Nothing fundamentally wrong with this. Will future growth be organic or a purchase? Hold if you own it. Margins have big upside if gold breaks $1,700/ounce.
COMMENT
BTO vs PAAS? You can do well in both. He likes the growth with PAAS silver production. Silver prices should do well relative to gold. He would favour PAAS. BTO may be looking to issue shares and this could be viewed as dilutive.
PAST TOP PICK
(A Top Pick Nov 06/18, Up 40%) A stand up performer. Their mine is getting better and better. They had a great quarter this year. There's pressure on the company to do something, but the CEO doesn't make mistakes. Buy this if you like gold.
DON'T BUY
A long-term hold with many holdings in Latin America, Mali and Africa--doesn't understand the geopolitics in the last two areas, so he's wary. Has a $6.50-7 target. His firm has a buy signal. You can average down here.
SELL
Lots of overhead resistance right now. Upside potential is limited. Remember, he's bearish on anything with the word "gold" in it. Be concerned if it goes below $3.70. (Analysts’ price target is $5.27)
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