B2GoldBTG Market cap $4.1B
About: B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.
Employees: 6,150
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
38% more call options, than puts
Call options by funds: $12.7M | Put options by funds: $9.24M
34% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 68
24% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 37
4% more funds holding
Funds holding: 245 [Q1] → 254 (+9) [Q2]
0% less capital invested
Capital invested by funds: $1.6B [Q1] → $1.59B (-$3.61M) [Q2]
1.62% less ownership
Funds ownership: 46.83% [Q1] → 45.21% (-1.62%) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Jefferies Chris LaFemina 75% 1-year accuracy 12 / 16 met price target | 60%upside $5 | Buy Maintained | 4 Oct 2024 |
CIBC Anita Soni 100% 1-year accuracy 7 / 7 met price target | 15%upside $3.60 | Neutral Maintained | 24 Sept 2024 |
RBC Capital Wayne Lam 0 / 0 met price target | 20%upside $3.75 | Sector Perform Reiterated | 17 Sept 2024 |
Jefferies Chris LaFemina 75% 1-year accuracy 12 / 16 met price target | 28%upside $4 | Buy Maintained | 12 Jul 2024 |
CIBC Anita Soni 100% 1-year accuracy 7 / 7 met price target | 12%upside $3.50 | Neutral Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 10 articles about BTG published over the past 30 days