C$6.47
1.22% yesterday
Toronto, Dec 24, 07:00 pm CET
ISIN
CA11777Q2099
Symbol
BTO
Sector
Industry

B2Gold Target price 2025 - Analyst rating & recommendation

B2Gold Classifications & Recommendation:

Buy
56%
Hold
38%
Sell
6%

B2Gold Price Target

Target Price C$8.38
Price C$6.47
Potential
Number of Estimates 13
13 Analysts have issued a price target B2Gold 2026 . The average B2Gold target price is C$8.38. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 16 analysts: 9 Analysts recommend B2Gold to buy, 6 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the B2Gold stock has an average upside potential 2026 of . Most analysts recommend the B2Gold stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2030

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Quarter Annually
Dec '24 2025
Estimates
Revenue Billion C$ 2.60 4.37
1.67% 68.08%
EBITDA Margin 50.53% 56.52%
9.52% 11.86%
Net Margin -33.12% 22.27%
6,443.70% 167.25%

11 Analysts have issued a sales forecast B2Gold 2025 . The average B2Gold sales estimate is

C$4.4b
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. This is
27.52% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
C$4.8b 41.16%
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, the lowest is
C$4.1b 18.86%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 C$2.6b 1.67%
2025
C$4.4b 68.08%
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2026
C$5.4b 22.77%
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2027
C$6.2b 15.72%
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2028
C$6.0b 2.77%
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2029
C$5.8b 4.17%
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2030
C$5.6b 2.65%
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11 Analysts have issued an B2Gold EBITDA forecast 2025. The average B2Gold EBITDA estimate is

C$2.5b
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. This is
27.85% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
C$3.0b 55.73%
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, the lowest is
C$2.0b 3.02%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 C$1.3b 11.03%
2025
C$2.5b 88.03%
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2026
C$3.1b 24.46%
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2027
C$3.8b 25.17%
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2028
C$4.6b 18.22%
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2029
C$3.6b 20.63%
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EBITDA Margin

2024 50.53% 9.52%
2025
56.52% 11.86%
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2026
57.30% 1.38%
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2027
61.98% 8.17%
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2028
75.36% 21.59%
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13 B2Gold Analysts have issued a net profit forecast 2025. The average B2Gold net profit estimate is

C$974m
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. This is
224.65% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
C$1.2b 307.55%
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, the lowest is
C$767m 155.57%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 C$-861m 6,337.94%
2025
C$974m 213.04%
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2026
C$1.4b 43.77%
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2027
C$2.0b 45.67%
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2028
C$1.9b 7.21%
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2029
C$1.9b 0.00%
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2030
C$2.0b 5.83%
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Net Margin

2024 -33.12% 6,443.70%
2025
22.27% 167.25%
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2026
26.08% 17.11%
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2027
32.83% 25.88%
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2028
31.33% 4.57%
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2029
32.70% 4.37%
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2030
35.54% 8.69%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2030

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share C$ -0.66 0.73
6,700.00% 210.61%
P/E 8.84
EV/Sales 2.08

13 Analysts have issued a B2Gold forecast for earnings per share. The average B2Gold EPS is

C$0.73
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. This is
265.00% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
C$0.92 360.00%
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, the lowest is
C$0.58 190.00%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 C$-0.66 6,700.00%
2025
C$0.73 210.61%
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2026
C$1.05 43.84%
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2027
C$1.53 45.71%
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2028
C$1.42 7.19%
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2029
C$1.42 0.00%
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2030
C$1.51 6.34%
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P/E ratio

Current 32.35 806.81%
2025
8.84 72.67%
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2026
6.15 30.43%
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2027
4.22 31.38%
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2028
4.55 7.82%
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2029
4.55 0.00%
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2030
4.30 5.49%
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Based on analysts' sales estimates for 2025, the B2Gold stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.66 58.33%
2025
2.08 21.67%
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2026
1.70 18.55%
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2027
1.47 13.58%
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2028
1.51 2.85%
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2029
1.57 4.35%
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2030
1.62 2.72%
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P/S ratio

Current 2.55 43.17%
2025
2.00 21.58%
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2026
1.63 18.55%
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2027
1.41 13.59%
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2028
1.45 2.85%
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2029
1.51 4.35%
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2030
1.55 2.72%
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Current B2Gold Upgrades & Downgrades

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Analyst Rating Action Date
NATIONAL BANK FINANCIAL
Locked
Locked
Locked Dec 09 2025
CIBC CAPITAL MARKETS
Locked
Locked
Locked Nov 20 2025
CANACCORD GENUITY
Locked
Locked
Locked Nov 12 2025
TD COWEN
Locked
Locked
Locked Nov 10 2025
STIFEL CANADA
Locked
Locked
Locked Nov 10 2025
HAYWOOD SECURITIES INC.
Locked
Locked
Locked Nov 06 2025
RAYMOND JAMES LTD.
Locked
Locked
Locked Nov 06 2025
Analyst Rating Date
Locked
NATIONAL BANK FINANCIAL:
Locked
Locked
Dec 09 2025
Locked
CIBC CAPITAL MARKETS:
Locked
Locked
Nov 20 2025
Locked
CANACCORD GENUITY:
Locked
Locked
Nov 12 2025
Locked
TD COWEN:
Locked
Locked
Nov 10 2025
Locked
STIFEL CANADA:
Locked
Locked
Nov 10 2025
Locked
HAYWOOD SECURITIES INC.:
Locked
Locked
Nov 06 2025
Locked
RAYMOND JAMES LTD.:
Locked
Locked
Nov 06 2025

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