B2Gold
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 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 various markets. 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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
70% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 57
63% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 30
27% more capital invested
Capital invested by funds: $1.61B [Q4 2024] → $2.05B (+$442M) [Q1 2025]
5% more funds holding
Funds holding: 238 [Q4 2024] → 250 (+12) [Q1 2025]
4.36% more ownership
Funds ownership: 50.19% [Q4 2024] → 54.55% (+4.36%) [Q1 2025]
4% more call options, than puts
Call options by funds: $21.1M | Put options by funds: $20.3M
0% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 2 (+0) [Q1 2025]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
CIBC Anita Soni | 20%upside $4 | Neutral Maintained | 15 Jul 2025 |
Financial journalist opinion
Based on 17 articles about BTG published over the past 30 days
