B2Gold remains undervalued despite its recent rally, trading at a steep discount to peers on a P/NAV basis despite an imminent upgrade in its jurisdictional profile. Aside from a jurisdictional upgrade (Canada vs. Africa and the Philippines), Goose is a transformational asset, set to generate over $400 million in annual mine-site free cash flow. Further, recent reserve reductions at Goose may be ugly on the surface but are a temporary setback, and I expect a significantly improved LOMP in the coming years.
B2Gold is poised for a production boost to ~1.2 million oz with Back River coming online, plus further organic growth projects in the pipeline. Despite recent delays and cost overruns, Back River's imminent completion should resolve investor concerns and unlock significant value. B2Gold trades at a deep discount to peers, with a low 7x forward P/E and strong profitability potential at current gold prices.
Does B2Gold (BTG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how B2Gold (BTG) and Akzo Nobel NV (AKZOY) have performed compared to their sector so far this year.
B2Gold has underperformed peers, but its prospects are looking up. Management has sent a clear signal to the market that shares are undervalued. Operationally, Fekola, Masbate, and Otjikoto mines show mixed production trends, but cost controls have improved margins at Masbate and Otjikoto. The valuation is compelling: BTG trades at a 24% discount to peers on forward EV/EBITDA, with 37% upside potential if mean reversion occurs.
B2Gold (BTG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Here is how B2Gold (BTG) and Akzo Nobel NV (AKZOY) have performed compared to their sector so far this year.
BTG records a consolidated gold production of 192,752 ounces in Q1, higher than the company???s expectation.
B2Gold Corp. (NYSE:BTG ) Q1 2025 Earnings Conference Call May 8, 2025 11:00 AM ET Company Participants Clive Johnson - President and Chief Executive Officer Mike Cinnamond - Senior Vice President, Finance and Chief Financial Officer Bill Lytle - Senior Vice President and Chief Operating Officer Randall Chatwin - Senior Vice President, Legal and Corporate Communications Conference Call Participants Francesco Costanzo - Scotiabank Anita Soni - CIBC World Markets Carey Macrury - Canaccord Genuity Ovais Habib - Scotiabank Carey Macrury - Canaccord Genuity Operator Thank you for standing by. This is the conference operator.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
In the closing of the recent trading day, B2Gold (BTG) stood at $3.11, denoting a +0.32% change from the preceding trading day.
Does B2Gold (BTG) have what it takes to be a top stock pick for momentum investors? Let's find out.