B2Gold Corp Common shares (Canada) (BTG)

FairStock Score: 80/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At $5.22 on 2026-10-13, FairStock's P/E is 9.32 and P/B is 1.73. FairStock's Graham Number is $6.16, a 15.26% margin of safety, and the trailing free cash flow yield is 14.0% against a $6.6B market cap. In the latest reported quarter, 2026-Q2, revenue was $789.4M and net income was $417.3M, a 52.87% net margin. Those are strong current numbers, and the balance sheet looks conservative with debt/equity of 0.11. FairStock's ROE is 22.64% and ROCE is 17.62%. FairStock's EV/EBITDA is 2.97 and PEG is 0.04, suggesting the market is not paying much for these earnings. But gold miners are price-takers, and B2Gold's mines in Mali, Namibia, the Philippines, and Canada carry political, operational, and commodity risks. Piotroski is 5/9 and Altman is 2.72, so financial strength is decent, not impregnable. Beta of 1.46 means the shares can swing hard. The FairStock Score is 80/100. The computed Lynch category is none because only 0 years of filed results are available under those rules, so I would not lean on that label. The stock sits mid-range within its 52-week band of $3.57 to $6.29. Cheapness is visible, but it rests on gold prices and mine execution. I see a statistically inexpensive producer with real cash generation, not a wide-moat compounder. The margin of safety is modest on Graham and better on free cash flow. I would want several quarters of production and cost discipline to confirm the trend, especially in risky jurisdictions. Overall, attractive if the cycle cooperates, but I would demand a discount for volatility and jurisdiction risk.

In plain English: B2Gold is a gold mining company with mines in Mali, the Philippines, Namibia and Canada. In its latest reported quarter, 2026-Q2, revenue was $789.4M and net income was $417.3M, so the business looks strong right now. At $5.22 on 2026-10-13, the stock looks modestly priced compared with its profits and cash flow, though gold prices and mine-country risks can change that quickly.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer