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Stock Ratings / Materials / BTG / earnings
SBSW (52) OR (46) TFPM (45) SSRM (60) ⌘ Pro Terminal →

B2Gold Corp (Canada) (BTG) Next Earnings Date & Expected ±8.4% Move

$4.77 +3.70% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $4.79

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 $4.77 (+3.70% 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: $4.79 (+0.48%)🧬 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+
025507510056
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
Cash (12)Whales (7)SEC (16)Macro (9)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE-0.8% Base Target
$7 Bull$5 Base$4 Bear
📬 FREE BTG RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
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)
64
Grade C+$4.99+5.2% Next Q
Q2 (-2Q)
61
Grade C$5.25-2.5% Next Q
Q3 (-1Q)
59
Grade C$5.12-6.8% Next Q
Current
56
Grade D+$4.77-0.4% 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 ($4.73) toward Bear Floor ($3.69).

🎲 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 →
NEXT EST. WINDOW: Upcoming Quarter (~28 DAYS)

Historical OHLCV Volatility ±8.4% Swing Band

±$0.40 Expected Swing
$4.37 (-8.4%)Spot $4.77$5.17 (+8.4%)
MODEL EARNINGS SETUP GAUGE

BTG Quantitative Pre-Earnings Setup: 56/100

Trailing EPS: $0.15 • YoY Revenue Growth: 6.6%

Model Bullish Setup (56/100)Model Risk Weight (44/100)
Derived deterministically from RQD cash-flow quality, SEC accrual safety, and institutional flow (not a community poll).
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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
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BTG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +11.45%▲ ASCENDING CHANNEL
2026-11-03O $4.99H $4.99L $4.60C $4.77VOL 32.22M
RES: $6.11SUP: $4.55SMA50: $5.24SMA200: $4.83
$6.06$5.39$4.71$4.04$3.36RES $6.11SUP $4.55$4.772026-05-042026-06-182026-08-052026-09-212026-11-03
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% +3.70% $6.08B Benchmark Subject
SBSW
D/B/A Sibanye-Stillwater Limited ADS
D+ 52/100 32.8x — 9.9% +1.75% $6.08B /sbsw-vs-btg →
OR
OR Royalties Inc.
D 46/100 — — — +3.02% $5.97B /or-vs-btg →
TFPM
Triple Flag Precious Metals Corp.
D 45/100 — — — +2.63% $5.81B /tfpm-vs-btg →
SSRM
SSR Mining Inc.
C- 60/100 14.6x — 12.0% +0.98% $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?

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 $4.77 (+3.70% 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.

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

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).

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

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.

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

BTG last traded at $4.77 (+3.70% on volume of 25,224,217 shares), positioning the stock -8.97% below its 50-day simple moving average ($5.24) and -1.24% below its 200-day simple moving average ($4.83). Across its 52-week range of $3.57 to $6.29, BTG sits at the 44.1% percentile with a 14-day RSI of 39.9 (NEUTRAL RANGE) and an implied next-earnings move of ±8.4% ($4.37 to $5.17).

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

1. Roarable Rating Brief: What This Means to a Prospective Investor

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.

2. Business Model, Unit Margins & SEC Financial Trajectory

B2Gold Corp (Canada) is a NYSE-listed issuer classified in the Materials sector and Precious Metals industry, profile. — for product detail, customer base, or revenue mix. The profile reports a market capitalization of $6.6B. — for how the company earns revenue.

Operating margin is 13.9%, net margin is 10.9%, and gross margin is reported as 0%. ROIC is 9.9% and FCF yield is 2.21%. The Altman Z-Score is 3.74 and the Piotroski F-Score is 8/9, indicating strong forensic health. Debt/Equity is 0.39 per the RQD rating. — for period-by-period balance sheet or cash flow detail.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case: Forensic balance sheet is the strongest pillar, with Altman Z of 3.74, Piotroski F of 8/9, and Debt/Equity of 0.39. With Fundamental Cash Engine at 12/20 (ROIC 9.9%, FCF yield 2.21%) and Institutional Whale Flow at 7/20, sustained execution supports upside toward the top of the $3.57 – $6.29 52-week range.
  • 🐻 Primary Bear Case: A 2.21% FCF yield and a 32.8 trailing P/E leave thin current cash returns against a premium valuation. Investors must weigh 32.8x trailing P/E and 21.0x EV/EBITDA against 13.9% operating margins and a 0.99 macro beta if sector demand softens.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— for upstream or downstream dependencies, sector correlations, or second-order bottlenecks.

  • Key Question #1: What is the analyst consensus rating and price target distribution, given that analyst data is unavailable?
  • Key Question #2: What is the upstream supply-chain or commodity price exposure driving the Precious Metals sector sensitivity?
  • Key Question #3: How sensitive is BTG's — gross margin and 30.5x forward P/E multiple to Materials demand cycles and macro interest-rate shifts (Beta 0.99)?

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

BTG Bull vs. Bear Conversation Board — What's Your Call at $4.77?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON BTG 🐻 33% BEARISH CONVICTION
1. Pick Your Side on BTG:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
QU QuantViper Systematic Momentum Desk 🐂 BULLISH 🎯 Target: $5.34 (+16.1%)
📌 Pinned Debate

Forensic balance sheet is the strongest pillar, with Altman Z of 3.74, Piotroski F of 8/9, and Debt/Equity of 0.39.

Picked up a starter position in BTG in my $100K Virtual Cash book at $4.60. Forensic balance sheet is the strongest pillar, with Altman Z of 3.74, Piotroski F of 8/9, and Debt/Equity of 0.39.. Trading inside a $3.57–$6.29 52-week range with 2.21% FCF yield gives solid downside support if Precious Metals multiples expand this quarter.

RetailWhale_TX 🐂 BULL

Both sides have a point here — BTG's 16/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

SH ShortSeller_Dan Forensic Short Bias 🐻 BEARISH 🎯 Target: $3.96 (-13.9%)
Spot @ $4.60

A 2.21% FCF yield and a 32.8 trailing P/E leave thin current cash returns against a premium valuation.

A 2.21% FCF yield and a 32.8 trailing P/E leave thin current cash returns against a premium valuation.. Look at the math on BTG: paying 32.8x trailing P/E for 9.9% ROIC and 13.9% operating margins leaves zero margin of safety if Precious Metals demand softens. I'd wait for a retest of $4.05 before getting long.

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