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B2Gold Corp (TSE:BTO)
TSX:BTO
Canadian Market
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B2Gold (BTO) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

BTO Analyst Ratings

Moderate Buy
10Ratings
Moderate Buy
6 Buy
3 Hold
1 Sell
Based on 10 analysts giving stock ratings to
B2Gold
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

BTO Stock 12 Month Forecast

Average Price Target

C$6.60
▲(19.77% Upside)
Based on 10 Wall Street analysts offering 12 month price targets for B2Gold in the last 3 months. The average price target is C$6.60 with a high forecast of C$8.00 and a low forecast of C$4.70. The average price target represents a 19.77% change from the last price of C$5.51.
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Highest Price TargetC$8.00Average Price TargetC$6.60Lowest Price TargetC$4.70
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Canaccord Genuity Analyst forecast on TSE:BTO
Canaccord Genuity
Canaccord Genuity
C$8C$7.75
Buy
40.65%
Upside
Reiterated
08/15/25
B2Gold price target lowered to C$7.75 from C$8 at CanaccordB2Gold price target lowered to C$7.75 from C$8 at Canaccord
Stifel Nicolaus Analyst forecast on TSE:BTO
Stifel Nicolaus
Stifel Nicolaus
C$7.5
Buy
36.12%
Upside
Reiterated
08/08/25
Stifel Nicolaus Reaffirms Their Buy Rating on B2Gold (BTG)
BMO Capital Analyst forecast on TSE:BTO
BMO Capital
BMO Capital
C$7.5
Buy
36.12%
Upside
Reiterated
08/08/25
BMO Capital Sticks to Its Buy Rating for B2Gold (BTG)We maintain our Outperform rating and C$7.50 target price.
Bank of America Securities Analyst forecast on TSE:BTO
Bank of America Securities
Bank of America Securities
C$4.7
Sell
-14.63%
Downside
Reiterated
08/08/25
We maintain our Underperform rating as we see a challenging need to replace production and downside to our PO.
Scotiabank Analyst forecast on TSE:BTO
Scotiabank
Scotiabank
C$5.5C$6
Hold
8.89%
Upside
Reiterated
07/21/25
Scotiabank Sticks to Their Hold Rating for B2Gold (BTG)Scotiabank analyst Ovais Habib raised the price target on B2Gold Corp. (BTO:CN) (NYSE: BTG) to Cdn$6.00 (from Cdn$5.50) while maintaining a Sector Perform rating.
National Bank Analyst forecast on TSE:BTO
National Bank
National Bank
C$7.75C$8
Buy
45.19%
Upside
Reiterated
07/16/25
B2Gold price target raised to C$8 from C$7.75 at National BankB2Gold price target raised to C$8 from C$7.75 at National Bank
CIBC
C$4.98C$5.53
Hold
0.43%
Upside
Reiterated
07/15/25
B2Gold price target raised to $4 from $3.60 at CIBCB2Gold price target raised to $4 from $3.60 at CIBC
RBC Capital Analyst forecast on TSE:BTO
RBC Capital
RBC Capital
C$6.23
Hold
12.99%
Upside
Reiterated
07/07/25
B2Gold (BTG) Gets a Hold from RBC Capital
Raymond James Analyst forecast on TSE:BTO
Raymond James
Raymond James
C$6.23
Buy
12.99%
Upside
Initiated
06/30/25
Raymond James Initiates a Buy Rating on B2Gold (BTG)
Goldman Sachs Analyst forecast on TSE:BTO
Goldman Sachs
Goldman Sachs
Buy
Reiterated
06/04/25
Finally, we remain Buy rated on BTG, which we view as the most resilient earnings story among the peer group set.
Cormark Securities Analyst forecast on TSE:BTO
Cormark Securities
Cormark Securities
C$5.1C$7
Buy
27.04%
Upside
Upgraded
04/22/25
B2Gold upgraded to Buy from Market Perform at CormarkB2Gold upgraded to Buy from Market Perform at Cormark
TD Securities Analyst forecast on TSE:BTO
TD Securities
TD Securities
C$6C$4
Hold
-27.40%
Downside
Downgraded
02/04/25
B2Gold downgraded to Hold from Buy at TD SecuritiesB2Gold downgraded to Hold from Buy at TD Securities
TD Cowen Analyst forecast on TSE:BTO
Unknown Analyst
TD Cowen
Not Ranked
TD Cowen
C$6C$4
Hold
-27.40%
Downside
Downgraded
02/04/25
We are downgrading BTO to Hold from Buy and reducing our target price to $4.00 (from $6.00).
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Canaccord Genuity Analyst forecast on TSE:BTO
Canaccord Genuity
Canaccord Genuity
C$8C$7.75
Buy
40.65%
Upside
Reiterated
08/15/25
B2Gold price target lowered to C$7.75 from C$8 at CanaccordB2Gold price target lowered to C$7.75 from C$8 at Canaccord
Stifel Nicolaus Analyst forecast on TSE:BTO
Stifel Nicolaus
Stifel Nicolaus
C$7.5
Buy
36.12%
Upside
Reiterated
08/08/25
Stifel Nicolaus Reaffirms Their Buy Rating on B2Gold (BTG)
BMO Capital Analyst forecast on TSE:BTO
BMO Capital
BMO Capital
C$7.5
Buy
36.12%
Upside
Reiterated
08/08/25
BMO Capital Sticks to Its Buy Rating for B2Gold (BTG)We maintain our Outperform rating and C$7.50 target price.
Bank of America Securities Analyst forecast on TSE:BTO
Bank of America Securities
Bank of America Securities
C$4.7
Sell
-14.63%
Downside
Reiterated
08/08/25
We maintain our Underperform rating as we see a challenging need to replace production and downside to our PO.
Scotiabank Analyst forecast on TSE:BTO
Scotiabank
Scotiabank
C$5.5C$6
Hold
8.89%
Upside
Reiterated
07/21/25
Scotiabank Sticks to Their Hold Rating for B2Gold (BTG)Scotiabank analyst Ovais Habib raised the price target on B2Gold Corp. (BTO:CN) (NYSE: BTG) to Cdn$6.00 (from Cdn$5.50) while maintaining a Sector Perform rating.
National Bank Analyst forecast on TSE:BTO
National Bank
National Bank
C$7.75C$8
Buy
45.19%
Upside
Reiterated
07/16/25
B2Gold price target raised to C$8 from C$7.75 at National BankB2Gold price target raised to C$8 from C$7.75 at National Bank
CIBC
C$4.98C$5.53
Hold
0.43%
Upside
Reiterated
07/15/25
B2Gold price target raised to $4 from $3.60 at CIBCB2Gold price target raised to $4 from $3.60 at CIBC
RBC Capital Analyst forecast on TSE:BTO
RBC Capital
RBC Capital
C$6.23
Hold
12.99%
Upside
Reiterated
07/07/25
B2Gold (BTG) Gets a Hold from RBC Capital
Raymond James Analyst forecast on TSE:BTO
Raymond James
Raymond James
C$6.23
Buy
12.99%
Upside
Initiated
06/30/25
Raymond James Initiates a Buy Rating on B2Gold (BTG)
Goldman Sachs Analyst forecast on TSE:BTO
Goldman Sachs
Goldman Sachs
Buy
Reiterated
06/04/25
Finally, we remain Buy rated on BTG, which we view as the most resilient earnings story among the peer group set.
Cormark Securities Analyst forecast on TSE:BTO
Cormark Securities
Cormark Securities
C$5.1C$7
Buy
27.04%
Upside
Upgraded
04/22/25
B2Gold upgraded to Buy from Market Perform at CormarkB2Gold upgraded to Buy from Market Perform at Cormark
TD Securities Analyst forecast on TSE:BTO
TD Securities
TD Securities
C$6C$4
Hold
-27.40%
Downside
Downgraded
02/04/25
B2Gold downgraded to Hold from Buy at TD SecuritiesB2Gold downgraded to Hold from Buy at TD Securities
TD Cowen Analyst forecast on TSE:BTO
Unknown Analyst
TD Cowen
Not Ranked
TD Cowen
C$6C$4
Hold
-27.40%
Downside
Downgraded
02/04/25
We are downgrading BTO to Hold from Buy and reducing our target price to $4.00 (from $6.00).
Stocks with the Highest Top Analyst Consensus in the Basic Materials Sector
Find stocks in the Basic Materials sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering B2Gold

1 Month
xxx
Success Rate
29/49 ratings generated profit
59%
Average Return
+3.24%
reiterated a xxx
rating 16 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 59.18% of your transactions generating a profit, with an average return of +3.24% per trade.
3 Months
xxx
Success Rate
28/49 ratings generated profit
57%
Average Return
+6.84%
reiterated a xxx
rating 16 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 57.14% of your transactions generating a profit, with an average return of +6.84% per trade.
1 Year
Ingrid RicoStifel Nicolaus
Success Rate
21/29 ratings generated profit
72%
Average Return
+13.01%
reiterated a buy rating 16 days ago
Copying Ingrid Rico's trades and holding each position for 1 Year would result in 72.41% of your transactions generating a profit, with an average return of +13.01% per trade.
2 Years
xxx
Success Rate
20/29 ratings generated profit
69%
Average Return
+15.39%
reiterated a xxx
rating 16 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 68.97% of your transactions generating a profit, with an average return of +15.39% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

BTO Analyst Recommendation Trends

Rating
Apr 25
May 25
Jun 25
Jul 25
Aug 25
Strong Buy
14
13
11
16
16
Buy
1
2
5
5
4
Hold
7
6
4
9
8
Sell
3
2
1
1
2
Strong Sell
0
1
1
1
0
total
25
24
22
32
30
In the current month, BTO has received 20 Buy Ratings, 8 Hold Ratings, and 2 Sell Ratings. BTO average Analyst price target in the past 3 months is 6.60.
Each month's total comprises the sum of three months' worth of ratings.

BTO Financial Forecast

BTO Earnings Forecast

Next quarter’s earnings estimate for BTO is C$0.23 with a range of C$0.18 to C$0.33. The previous quarter’s EPS was C$0.17. BTO beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 38.89% of the time in the same period. In the last calendar year BTO has Outperformed its overall industry.
Next quarter’s earnings estimate for BTO is C$0.23 with a range of C$0.18 to C$0.33. The previous quarter’s EPS was C$0.17. BTO beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 38.89% of the time in the same period. In the last calendar year BTO has Outperformed its overall industry.

BTO Sales Forecast

Next quarter’s sales forecast for BTO is C$1.25B with a range of C$1.08B to C$1.41B. The previous quarter’s sales results were C$957.95M. BTO beat its sales estimates 25.00% of the time in past 12 months, while its overall industry beat sales estimates 40.00% of the time in the same period. In the last calendar year BTO has Outperformed its overall industry.
Next quarter’s sales forecast for BTO is C$1.25B with a range of C$1.08B to C$1.41B. The previous quarter’s sales results were C$957.95M. BTO beat its sales estimates 25.00% of the time in past 12 months, while its overall industry beat sales estimates 40.00% of the time in the same period. In the last calendar year BTO has Outperformed its overall industry.

BTO Stock Forecast FAQ

What is TSE:BTO’s average 12-month price target, according to analysts?
Based on analyst ratings, B2Gold Corp’s 12-month average price target is 6.60.
    What is TSE:BTO’s upside potential, based on the analysts’ average price target?
    B2Gold Corp has 19.77% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
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        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is TSE:BTO a Buy, Sell or Hold?
          B2Gold Corp has a consensus rating of Moderate Buy which is based on 6 buy ratings, 3 hold ratings and 1 sell ratings.
            What is B2Gold Corp’s price target?
            The average price target for B2Gold Corp is 6.60. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is C$8.00 ,the lowest forecast is C$4.70. The average price target represents 19.77% Increase from the current price of C$5.51.
              What do analysts say about B2Gold Corp?
              B2Gold Corp’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 10 Wall Streets Analysts.
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