SBSW (52) OR (46) TFPM (45) SSRM (60) ⌘ Pro Terminal →

B2Gold Corp (Canada) (BTG) — RQD Stock Rating Cockpit

$4.60 -7.82% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $4.53

B2Gold Corp (Canada) (BTG) carries a Roarable Rating of D+ (Sell) with 56/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 56/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.4% avg 90D alpha vs SPY) →

ROARABLE D+ • SELL / AVOID Cap $6.08B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on BTG Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is BTG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, B2Gold Corp (Canada) (NYSE: BTG) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 56/100 at a spot price of $4.60 (-7.82% 1D, market cap $6.08B). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 16/20, FRED Macro Regime Fit 9/20, and SEC Balance-Sheet Forensics 12/20. Across 270 tracked Materials issuers, BTG ranks #48 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does BTG compare to SBSW and OR in the Materials sector?

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Within the Materials sector (Precious Metals), BTG carries a Roarable D+ (56/100 RQD), trailing P/E of 32.8x, gross margin of —, and ROIC of 9.9%. By comparison, SBSW (D/B/A Sibanye-Stillwater Limited ADS) holds a D+ grade (52/100 RQD, P/E 32.8x, ROIC 9.9%, cap $6.08B) and OR (OR Royalties Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $5.97B). Among the 5-stock peer group, SSRM leads on earnings multiple (14.6x) while SSRM leads on capital efficiency (12.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for BTG?

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For B2Gold Corp (Canada) (BTG), key quantitative strengths include Clean SEC annual filing review with no major hidden accounting time-bombs. and sector rank #48 in Materials, while primary risk factors center on Sensitive to high interest rates and tighter Federal Reserve market liquidity. and implied 5-year growth hurdle of 25.3%/yr. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $4.53 (-1.60%)🧬 Cannibal Buyback (-1.24% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 3.4% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 56/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.4% avg 90D alpha vs SPY • 51.8% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE-0.9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BTG)Realized 20D OHLCV Swing Band: ±8.4%

Deterministic 5-Pillar Attribution (56/100 Composite)

🔍 WHY BTG SCORES 56/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+16/20 pts (29% of score)

Altman Z-Score 3.74 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 8/9

▲ #2 Bullish Driver: Cash Engine Quality+12/20 pts (21% of score)

SEC XBRL Trailing 12 Months: 3.4% FCF Margin ($134.3M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning7/20 pts (-13 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-13 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C+$4.99+5.2% Next Q

Q2 (-2Q)

Grade C$5.25-2.5% Next Q

Q3 (-1Q)

Grade C$5.12-10.2% Next Q

Current

Grade D+$4.60-0.4% Hist 90D α

Trajectory: C+ (64) → D+ (56)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the BTG Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 56/100 (D+) score, BTG faces multiple-compression risk if 32.8x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Sensitive to high interest rates and tighter Federal Reserve market liquidity.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.24% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($5.24) or 200D SMA ($4.83) invalidates the momentum regime and cuts Target Base ($4.56) toward Bear Floor ($3.56).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BTG• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “BTG Beats Next Quarter EPS Consensus (Upcoming Quarter) & Holds Above 200D SMA”

YES 56%NO 44%Trade / Inspect Odds →

RSI-14 MOMENTUMNEUTRAL RANGE

39.930 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.74>3.0 Fortress Safe

PIOTROSKI F-SCOREHIGH QUALITY (7–9)

8 / 99-Pt Accounting

52-WEEK LASER RANGE38% OF RANGE

L: $4$4.60H: $6

1. Money & Cash Health● MIXED

Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: C-RQD 12 / 20

2. Big Money & Insiders● TRIMMING

Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: DRQD 19 / 40

3. Hidden Risks & Market Weather● WATCH

SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: CRQD 25 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on BTG

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

NEUTRAL (60)

9.9% ROIC with 42.0% gross margin and 2.21% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

BULLISH (80)

Altman-Z 3.74 and Piotroski 8/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BEARISH (47)

19/40 institutional & smart-money positioning score with 9/20 macro alignment.

Bull Case: Why Buyers Like BTG

✓Clean SEC annual filing review with no major hidden accounting time-bombs.

Bear Case: What Could Go Wrong

!Sensitive to high interest rates and tighter Federal Reserve market liquidity.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BTG)

✓Walkthrough of BTG's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

BTG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +7.48%🛡️ HOLDING TREND SUPPORT

2026-11-03O $4.99H $4.99L $4.60C $4.60VOL 32.22M

RES: $6.11SUP: $4.55SMA50: $5.24SMA200: $4.83

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BTG Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BTG Butterfly Map → + Track BTG →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

25.3%/yr Implied 5Y Growth

vs. +6.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on BTG today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BTG. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for BTG today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BTG)

Materials Rank #48 of 270 ⚔️ SBSW vs BTG Full Matrix →

1. Head-to-Head Materials Peer Comparison (BTG vs. SBSW, OR, TFPM, SSRM)

Industry: Precious Metals (74 Tracked Issuers)

Across 270 tracked Materials securities in the Roarable RQD universe, B2Gold Corp (Canada) (BTG) ranks #48 by composite RQD confidence (56/100, grade D+) and #60 by equity capitalization ($6.08B). Within this direct 5-issuer industry benchmark cohort, SSRM leads on earnings valuation at 14.6x trailing P/E, while SSRM leads on capital efficiency and profitability with 12.0% ROIC and — gross margin. SSRM currently holds the highest overall quantitative score in the immediate peer group at 60/100 (C-) compared with BTG at 56/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
BTG ACTIVE B2Gold Corp (Canada)	D+	56/100	32.8x	—	9.9%	-7.82%	$6.08B	Benchmark Subject
SBSW D/B/A Sibanye-Stillwater Limited ADS	D+	52/100	32.8x	—	9.9%	-7.03%	$6.08B	/sbsw-vs-btg →
OR OR Royalties Inc.	D	46/100	—	—	—	-4.44%	$5.97B	/or-vs-btg →
TFPM Triple Flag Precious Metals Corp.	D	45/100	—	—	—	-3.60%	$5.81B	/tfpm-vs-btg →
SSRM SSR Mining Inc.	C-	60/100	14.6x	—	12.0%	-6.33%	$5.40B	/ssrm-vs-btg →

2. BTG Fundamental Profitability, Capital Efficiency & Balance-Sheet Forensics

TRAILING 12M & FORWARD QUANTITATIVE SNAPSHOT

B2Gold Corp (Canada) (BTG) operates in Precious Metals (Materials) with an equity capitalization of $6.08B, trailing P/E of 32.8x, forward P/E of 30.5x, and EV/EBITDA of 21.0x. Operating profitability registers a gross margin of —, operating margin of 13.9%, net profit margin of 10.9%, ROIC of 9.9%, and free cash flow yield of 2.21%, alongside an Altman Z-Score of 3.74 and Piotroski F-Score of 8/9.

3. BTG Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BTG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does BTG compare to SBSW and OR in the Materials sector?

What are the biggest fundamental strengths and SEC risk factors for BTG?

Where is BTG trading relative to its 50-day, 200-day, and 52-week technical levels?

BTG last traded at $4.60 (-7.82% on volume of 32,215,993 shares), positioning the stock -12.21% below its 50-day simple moving average ($5.24) and -4.76% below its 200-day simple moving average ($4.83). Across its 52-week range of $3.57 to $6.29, BTG sits at the 37.9% percentile with a 14-day RSI of 39.9 (NEUTRAL RANGE) and an implied next-earnings move of ±8.4% ($4.21 to $4.99).

BTG Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell BTG stock right now?

B2Gold Corp (Canada) (BTG) currently earns a Roarable Rating of D+ (Sell — SELL) with 56/100 RQD Confidence. Stretched risk/reward at 33x P/E (10% return on capital) under elevated 10-year interest-rate pressure.

What is BTG's 12-month price target and RQD AI Jury consensus?

BTG's 12-month base price target is $4.56 (range $3.56 to $6.6), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: BTG RQD Cockpit BTG 12M Forecast BTG Earnings & Move BTG Dividends & DRIP BTG Insiders & 13F BTG Whale Options BTG Profit Sankey BTG News & Why

ROARABLE RATING BRIEF • RQD 56/100 (D+) ✓ STAGE-C NUMBER FIREWALL VERIFIED

BTG — B2Gold Corp (Canada): What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T14:10:50Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, BTG scores 62 out of 100, a letter grade of C, labeled "Roarable Hold — Fair / Balanced Risk-Reward." The five pillars are:

Fundamental Cash Engine (11 / 20): Per the RQD rating, the pillar reflects ROIC of 9.9% and an FCF yield of 2.21%. For a prospective investor, this suggests the business generates a modest return on invested capital and a thin free-cash-flow yield relative to the $6.59B market cap, so the valuation leans on expected future cash generation rather than current cash returns.
Whale / 13F Flow (10 / 20): Per the RQD rating, institutional accumulation and options positioning score below midpoint. Investors should read this as limited evidence of strong institutional conviction in the current source window.
Insider Conviction (12 / 20): Per the RQD rating, SEC Form 4 and Congressional PTR cluster flow scores modestly. This indicates mixed or weak insider signaling rather than a clear insider-buying or insider-selling thesis.
Macro Regime Fit (13 / 20): Per the RQD rating, beta is 0.99 and sector sensitivity is moderate. For a prospective investor, the stock has been roughly market-level in volatility, with macro exposure tied to the precious metals sector.
Forensic Balance Sheet (16 / 20): Per the RQD rating, Altman Z is 3.74, Piotroski F is 8/9, and Debt/Equity is 0.39. This is the strongest pillar and points to a comparatively sound balance sheet.

Taken together, the rating frames BTG as a balanced-risk name: balance-sheet strength is offset by a low FCF yield, a demanding multiple (P/E TTM 32.8), and weak flow signals. Upside drivers would need to come from improved cash conversion; valuation tradeoffs are substantial given the premium multiple.

Snapshot

Price	Market Cap	P/E (TTM)	Forward P/E	EV/EBITDA	EPS (TTM)	Dividend Yield	Beta	52-Wk Range	ROIC %
4.99	$6.59B	32.8	30.5	21	0.15	0%	0.99	$3.57 - $6.29	9.9%

Business

B2Gold Corp (Canada) is a NYSE-listed issuer classified in the Materials sector and Precious Metals industry, per the SEC financials profile. Not available in source data for product detail, customer base, or revenue mix. The profile reports a market capitalization of $6.6B. Not available in source data for how the company earns revenue.

Butterfly Effect: 2nd-Order Supply-Chain & Sector Ripples

Per the Butterfly Supply-Chain Graph, supply chain status is "NONE," with no butterfly links and no proprietary signals. Not available in source data for upstream or downstream dependencies, sector correlations, or second-order bottlenecks.

Open Questions

What are the company's reported revenue, operating income, net income, and cash flow figures by period, given that the financials section is empty?
What is the analyst consensus rating and price target distribution, given that analyst data is unavailable?
What are the recent 13F institutional holdings and Form 4 insider transactions behind the whale and insider pillar scores?
What operational catalysts, production milestones, or risk events are associated with the company during the source window?
What is the upstream supply-chain or commodity price exposure driving the Precious Metals sector sensitivity?

BTG Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for B2Gold Corp (Canada) (BTG) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to BTG Debate Forum (3) ↓

🟡 MARKET WIRE Benzinga • 11d ago

Guardian Metal Resources Names 20-Year Mining Veteran Jake Mather As CFO Effective March 26, 2026

Read Full Source ↗

🟡 MARKET WIRE Yahoo • 12d ago

B2Gold's 5-Year Outlook: Capital Discipline, Low Valuation, and Mali Permit Hint at Upside

This under-the-radar gold mining stock boasts a Superscore of 78 from our Hidden Gems Primary database, part of The Motley Fool's Moneyball Database system. Here's why.

Read Full Source ↗

🟢 CATALYST Yahoo • 13d ago

Galiano Gold Secures Lease Extensions to Support Asanko Mine Growth

GAU extends key Asanko mine leases through 2041 and 2043, supporting long-term investment, Mineral Reserve growth and life-of-mine plans.

Read Full Source ↗

🟡 MARKET WIRE Yahoo • 14d ago

EGO's Skouries Project Gets EU Strategic Project Designation

Eldorado Gold's Skouries copper-gold project earns EU Strategic Project status, supporting Europe's critical raw materials supply chain as the mine advances toward commercial production.

Read Full Source ↗

🟡 MARKET WIRE Yahoo • 19d ago

B2Gold Third Quarter 2026 Results – Conference Call Details

VANCOUVER, British Columbia, Oct. 14, 2026 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) will release its third quarter 2026 financial and operational results after

Read Full Source ↗

🟡 MARKET WIRE Benzinga • 19d ago

Reported Earlier, Allied Gold Begins Ore Processing At Sadiola Phase 1 Expansion And Advances Capital Efficient Phase 2 Plans

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

BTG Bull vs. Bear Conversation Board — What's Your Call at $4.60?

🐂 50% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON BTG 🐻 50% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk ⚖️ DEBATE HOST 🎯 Target: $5.39 (+8.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is BTG (C • RQD 62/100) a Buy at $4.99?

Welcome to the BTG (B2Gold Corp (Canada)) Roar Pit. Current RQD Composite is 62/100 (Roarable Hold — Fair / Balanced Risk-Reward) in Precious Metals. Bulls point to operating leverage and sector positioning, while bears focus on valuation multiple compression (32.8x trailing P/E). Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

RI RiskArb_Desk Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $3.74 (-25.1%)

Spot @ $4.99

Pump the brakes on BTG — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on BTG, but look at what you are paying: 32.8x trailing P/E with tightening sector spreads. Unless B2Gold Corp (Canada) expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

MI MidwestValue Verified K Arena Trader 🐂 BULLISH 🎯 Target: $6.14 (+23.0%)

Spot @ $4.99

BTG cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on BTG, the market is fixating on short-term headline noise in Precious Metals and ignoring the balance sheet and cash flow trajectory. At $4.99 (52-wk range $3.57 - $6.29), any beat on forward guidance forces shorts and underweight funds to chase.