BTG trades 14.3% below Wall Street's consensus target of $6.17.
Last 12 months price action with 12-month analyst target path
The base valuation assumes BTG achieves its forward estimates and maintains a stable P/E multiple of 9.6x. This scenario reflects the blended consensus of 9 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, B2Gold Corp. (BTG) has a Wall Street consensus price target of $6.17, based on estimates from 9 covering analysts. With the stock currently trading at $5.40, this represents a potential upside of +14.3%. The company has a market capitalization of $7.20B.
Analyst price targets range from a low of $5.00 to a high of $7.50, representing a 41% spread in expectations. The median target of $6.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 6 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, BTG trades at a trailing P/E of 6.8x and forward P/E of 9.6x. Analysts expect EPS to grow +6.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $10.82, with bear and bull scenarios of $6.82 and $14.26 respectively. Model confidence stands at 45/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 EGOEldorado Gold Corporation | $7.6B | $35.58 | $44.67 | +25.5% | Hold | 12.7x | 24 |
 CDECoeur Mining, Inc. | $15.9B | $15.47 | $21.50 | +39.0% | Buy | 16.1x | 21 |
 PAASPan American Silver Corp. | $17.3B | $41.17 | $62.50 | +51.8% | Buy | 12.5x | 25 |
 KGCKinross Gold Corporation | $26.6B | $22.24 | $35.60 | +60.1% | Buy | 9.0x | 29 |
 IAGIamgold Corporation | $10.8B | $18.76 | $22.75 | +21.3% | Buy | 9.5x | 31 |
 AUAngloGold Ashanti plc | $47.0B | $92.99 | $109.50 | +17.8% | Buy | 10.7x | 15 |
 HLHecla Mining Company | $9.9B | $14.74 | $21.50 | +45.9% | Hold | 20.5x | 26 |
 NEMNewmont Corporation | $127.4B | $120.91 | $135.56 | +12.1% | Buy | 13.0x | 37 |
 AEMAgnico Eagle Mines Limited | $97.0B | $191.57 | $216.17 | +12.8% | Buy | 16.6x | 31 |
 GFIGold Fields Limited | $35.1B | $39.17 | $46.33 | +18.3% | Hold | 8.4x | 18 |
Quick answers to the most common questions about buying BTG stock.
B2Gold Corp. (BTG) has a consensus 12-month price target of $6.17, implying 14.3% upside from $5.4. The 9 analysts covering BTG see moderate appreciation potential.
BTG has a consensus rating of "Buy" based on 9 Wall Street analysts. The rating breakdown is predominantly bullish, with 6 Buy/Strong Buy ratings. The consensus 12-month price target of $6.17 implies 14.3% upside from current levels.
With a forward P/E of 9.5643x, BTG trades at a relatively low valuation. The consensus target of $6.17 implies 14.3% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $7.5 for BTG, while the most conservative target is $5. The consensus of $6.17 represents the median expectation. Our quantitative valuation model projects a bull case target of $14 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
BTG is moderately covered, with 9 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 5 have Buy ratings, 2 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month BTG stock forecast based on 9 Wall Street analysts shows a consensus price target of $6.17, with estimates ranging from $5 (bear case) to $7.5 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $11, with bear/bull scenarios of $7/$14.
Our quantitative valuation model calculates BTG's fair value at $11 (base case), with a bear case of $7 and bull case of $14. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 45/100.
BTG trades at a forward P/E ratio of 9.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 6.8x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on BTG, with a "Buy" consensus rating and $6.17 price target (14.3% upside). 6 of 9 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
BTG analyst price targets range from $5 to $7.5, a 41% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $6.17 consensus represents the middle ground. Our model's $7-$14 range provides an independent fundamental perspective.
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