BTG · AMEX · STOCK
B2Gold Corp.
$5.08
52W $3.57 – $6.29
67/100
$6.76B
8.7
1.35
Is BTG Bullish or Bearish?
Bullish.
Innellis AI committee rates B2Gold Corp. (BTG) Buy with a composite score of 67/100
, based on 6 analysts with 67% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +8.31 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -11.69 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is revenue growing 86.9% yoy -- genuine top-line momentum. The main limiting factor is rsi at 88 is in overbought territory. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- P/E of 12.3 is inexpensive for the broad market — Value
- ROE of 15.7% shows genuine earnings power backing the valuation — Value
- Dividend yield of 3.1% pays you to wait — Value
- Revenue growing 86.9% YoY -- genuine top-line momentum — Growth
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.17) -- balance sheet can absorb a shock — Risk
Bear Case
- RSI at 88 is in overbought territory — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
- Bollinger bandwidth of 45.9% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
67/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 15%
of 95 Basic Materials peers
Value Analyst
bullish
70
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 12.3 is inexpensive for the broad market
Growth Analyst
bullish
85
/ 100 · Low confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 86.9% YoY -- genuine top-line momentum
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− RSI at 88 is in overbought territory
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.17) -- balance sheet can absorb a shock
− Bollinger bandwidth of 45.9% signals elevated volatility
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
88.4
Overbought
MACD Histogram
0.164
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$4.32
Resistance
$5.58
Bollinger %B
1.07
Above Upper Band
Price vs Moving Averages
EMA 9
$4.48
Above
EMA 21
$4.19
Above
EMA 50
$4.18
Above
EMA 200
$4.37
Above
Fundamental Analysis
Valuation
99
Profitability
74
Financial Health
83
Cash Flow
70
Valuation
P/E Ratio
8.7×
P/B Ratio
1.70×
PEG Ratio
0.01
Dividend Yield
1.57%
52W High
$6.29
52W Low
$3.57
Quality & Growth
ROE
1120.5%
ROA
684.8%
Gross Margin
4918.2%
Operating Margin
4600.1%
Revenue Growth YoY
—
Debt / Equity
0.11
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 8.7 (inexpensive relative to a 15-40x range); Price-to-book of 1.7x; PEG ratio of 0.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 11.2%; Return on assets of 6.8%; Net margin of 21.2%; Gross margin of 49.2%; Current ratio of 1.58 (healthy short-term liquidity); Debt-to-equity of 0.11; Free cash flow per share is positive (0.13); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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