Stock analysis · Bull Rankings model

BTG analysis

B2Gold Corp.Gold. Scored on the same transparent 7-signal model behind the daily rankings.

BTG
B2Gold Corp. · Gold
FCF$1.3bC+
Rev+117.7%A
D/E0.14A-
P/E12.1xB+
PEG
94Score
$4.58
1Y Target$6.60Near-term target
5Y Target$7.38Compound horizon
10Y Target$10.84Long-dated conviction
FCF$1.3bTTM · 03/26
C+
FCF $1.3b — respectable but not differentiating · TTM computed from 4 most-recent quarters (TTM · 03/26).
Rev+117.7%TTM YoY
A
Revenue +117.7% — hypergrowth, top decile
D/E0.14
A-
D/E 0.14 — conservative leverage, strong balance sheet
P/E12.1x
B+
P/E 12.1 — at or below S&P median, reasonable
PEG
PEG not meaningful — earnings growth negative or data unavailable
Why now
Gold · market cap $6.1b. Down 27% from 52-week high of $6.29 — deep drawdown territory. Revenue growing +118% — in hypergrowth territory. 5 sell-side analysts rate this a Buy with a mean 1-yr target of $6.60 (implying +44% upside).
Moat
Net margin 15% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 17% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 231% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Hedge-book exposure — many commodity producers hedge forward production; if the hedge book is concentrated at prices well below spot, the upside the market expects is already locked away.
Horizon
1-3 yr $6.60 (5-analyst consensus) — fundamentals + valuation re-rating. 5 yr $7.38 at ~10% CAGR — compounding case rests on the competitive position widening. 10 yr $10.84 if current growth sustains into durable earnings power.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Shares to buy
436
Position size
$1,997
4.0% of portfolio
Stop price
$3.44
25% below $4.58
$ at risk
$500.00
1% of portfolio

Math only — share count is floor(portfolio × risk% ÷ (price × stop%)). Doesn't account for commissions, slippage, gap risk, or position-correlation across your book. Inputs persist locally; never sent to the server. Not investment advice.

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