B2Gold reports after the market closes on November 4. Analysts expect third-quarter EPS of C$0.17. The company has beaten estimates in two of its last four reported quarters.
B2Gold Corp (TSX: BTO) is scheduled to report results for the quarter ended September 30, 2026, after the market closes on November 4. Analysts expect EPS of $0.17, up from $0.14 a year earlier, and revenue of about $880.8 million. These are estimates, not guaranteed results. Follow BTO.TO on the B2Gold stock page.
Recent earnings trend
B2Gold Corp
BTO.TO
BTO.TO
B2Gold Corp
WealthAwesomeMarket cap
$8.82B
P/E
9.2x
Div. yield
1.25%
Div. / share
$0.08
52W high
$8.49
52W low
$5.00
1W change
-0.89%
Beta
1.36
Analyst Price Targets
Based on analyst covering BTO · as of Nov 3, 2026
Wall Street analysts forecast BTO stock price to rise 42.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$9.50
+42.2% Upside
Previously C$9.50 on Nov 2, 2026
Current Price
C$6.68
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BTO's historical volatility
30-Day Vol
50.9%
Annualized
90-Day Vol
58.6%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$7.99
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$7.09 | C$5.95 – C$8.45 |
| 60 trading days | C$7.52 | C$5.87 – C$9.65 |
| 90 trading days | C$7.99 | C$5.89 – C$10.83 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 6 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-04 | — | 0.1200 | — |
| 2026-06-30 | 2026-08-06 | 0.0300 | 0.0700 | -57.1% |
| 2026-03-31 | 2026-05-07 | 0.1900 | 0.1100 | +72.7% |
| 2025-12-31 | 2026-02-18 | 0.1100 | 0.1800 | -38.9% |
| 2025-09-30 | 2025-11-05 | 0.1400 | 0.1300 | +7.7% |
| 2025-06-30 | 2025-08-07 | 0.1200 | 0.1300 | -7.7% |
Investor takeaway: This report will show whether earnings are recovering. B2Gold reported adjusted EPS of $0.03 for the quarter ended June 30, below the $0.07 estimate. Revenue rose 14% year over year to $789 million, but the company said $71 million in realized losses on gold collars weighed on adjusted earnings. Investors will compare results with the $0.17 EPS consensus and look at how gold prices, sales volumes and hedging affected revenue and earnings.
C$0.17 EPS consensus
Six analysts contributed to the EPS consensus for the quarter ended September 30. Their estimates range from $0.11 to $0.26. The consensus is above year-ago EPS of $0.14, though analysts have lowered their estimate over the past month. The revenue consensus is about $880.8 million, based on one analyst, so it rests on a smaller sample.
Bull case
Analysts expect EPS to rise 17.9% year over year and revenue to grow 12.5%. In the latest reported quarter, revenue increased as the average realized gold price rose, even though ounces sold edged down. B2Gold has also beaten estimates in two of its last four reported quarters, including the March 2026 quarter. The company reported a 21.33% profit margin and a 1.25% dividend yield.
Bear case
B2Gold’s latest result missed the EPS consensus by 57.14%. The September-quarter EPS estimate has also fallen from $0.22 to $0.17 over the past 30 days. Revisions were mixed but mostly negative: one analyst raised an estimate, while four lowered theirs. Results were uneven over the prior four quarters, with alternating beats and misses.
B2Gold shares recently closed at C$6.41, below their 50-day moving average of C$7.42 and 200-day moving average of C$6.70. The shares fell 13.73% over one month. These figures describe recent trading, not the earnings outcome.
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