B2Gold

BTG

Market cap $6.23B

In the closing of the recent trading day, B2Gold (BTG) stood at $4.68, denoting a +2.41% move from the preceding trading day.

In the latest trading session, B2Gold (BTG) closed at $4.55, marking a +1.11% move from the previous day.

Despite an April hiccup, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all rallied to several record-closing highs in 2025. Standout stocks can still be found, regardless of which direction the market heads in the new year.

B2Gold (BTG) had strong Q3 production, declining costs, and operational improvements across its portfolio. Fekola remains BTG's cornerstone asset, with a proactive agreement in Mali insulating operations and enabling expedited underground expansion. Goose Mine achieved commercial production and is expected to ramp to full capacity soon, supporting future margin expansion and cash flow.

I maintain my rating on B2Gold while paying closer attention to its risk profile. This article explores the reasons why BTG shares have failed to keep pace with rising gold prices. A combination of growth catalysts and fundamental barriers supports a strong outlook for the stock's performance in 2026.

B2Gold (BTG) concluded the recent trading session at $4.8, signifying a +1.48% move from its prior day's close.

B2Gold (BTG) is reaffirmed as a 'Strong Buy' after a recent dip to $4.5, with fundamentals remaining robust. BTG's estimated FY2026 forward P/E ratio of 6.1 is over 40% below its historical average, signaling undervaluation. Recent Q3 results showed a strong non-GAAP EPS beat, with EPS rising from $0.02 to $0.14 year-over-year.

B2Gold is rated a Strong Buy, trading at a distressed valuation despite gold prices near all-time highs and significant growth projects underway. BTG is actively taking steps to reduce its dependence on Mali, with Goose Mine in Canada ramping up and set to become a major cash flow driver from 2026 onward. The company maintains strong financials and a robust pipeline of projects, with significant organic and acquisition-driven expansion potential, with Goose potentially being just the start in Canada.

AAUC's rising production and mine upgrades position it for a strong year-end boost as record gold prices drive sector momentum.

Two beaten-down income machines are flashing rare deep-value signals. Major macro trends are creating powerful tailwinds that the market is overlooking. I am doubling down while prices stay dislocated and yields remain elevated.