Should I buy B2Gold stock in 2025?

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At HelloSafe, our expert has been monitoring B2Gold’s performance for over three years. Every month, hundreds of thousands of users across Canada rely on us to break down market trends and pinpoint the best investment opportunities. Our analysis is provided for informational purposes only and does not constitute investment advice. In keeping with our ethical charter, we have never been, and will never be, compensated by B2Gold.

What is B2Gold?

How much is B2Gold stock?

The price of B2Gold stock is rising this week. As of today, B2Gold trades at $4.29 CAD, with a 24-hour increase of +0.32% but a weekly decline of -5.20%. The company holds a market capitalization of $5.66 billion CAD, and the average three-month trading volume stands around 4.8 million shares.

While its price/earnings ratio is currently unavailable due to negative earnings, B2Gold remains attractive with a dividend yield of 2.58% and a stock beta reflecting moderate price movements.

Investors should note that the stock sees periods of volatility, offering dynamic opportunities as the company enters a growth phase with new Canadian production.

Our full analysis on B2Gold stock

Following a detailed review of B2Gold Corp’s most recent financial statements and a thorough assessment of the stock’s trajectory over the past three years, we leveraged a multi-faceted analytical approach—blending proprietary quantitative models, technical analysis, fundamental metrics, real-time market signals, and a peer benchmarking framework. The sum of these perspectives provides a robust foundation for evaluating B2Gold’s prospects as we move into a pivotal period for the gold mining sector. So, why might B2Gold stock once again become a strategic entry point into the gold equities sector in 2025?

Recent Performance and Market Context

B2Gold has delivered an impressive share price advance in 2025, with the stock up 28.3% year-to-date and rebounding +21.8% over the 12 months to April 30, 2025. Notably, this performance stands out amid the highly cyclical nature of the precious metals sector, particularly given the volatility in global equity markets over the same period.

• Favourable Gold Price Environment: Gold prices have remained resilient, averaging $2,373/oz in 2024 and trending even higher into 2025, underpinning sector profitability and investor sentiment.
• Anticipation of Goose Project Commissioning: The market is keenly focused on the Q2 2025 first gold pour at the Goose Project in Nunavut, Canada, representing B2Gold’s maiden entry into a top-tier jurisdiction.
• Substantial Production Guidance Upgrade: Management has guided for a substantial increase in total gold production in 2025—up to 1,075,000 ounces, a meaningful jump from 804,778 ounces realized in 2024.
• Solid Dividend Profile: Investors seeking both growth and yield have been attracted by the company’s 2.58% forward dividend yield, which notably outpaces most industry peers.

Collectively, these factors have fostered market optimism, propelling strong inflows and renewed interest in B2Gold's equity story, even as the mining sector faces ongoing operational and geopolitical headwinds.

Technical Analysis

From a technical standpoint, B2Gold’s chart structure points to a robust underlying dynamic:

• Price Action: At $3.11 USD (C$4.29), shares have corrected off recent highs, but remain above all key moving averages (50/100/200 day), indicating both medium and long-term bullish alignment.
• Momentum: The RSI at 51.03 signals a neutral to slightly constructive stance—there is neither overbought nor oversold pressure, leaving the stock well-positioned for additional upside.
• MACD: With a minor negative value (-0.02), momentum is subdued but poised for a potential bullish crossover should buying pressure resume in tandem with sector flows or upcoming catalysts.
• Support Levels: Multi-tiered support exists between $3.07–$3.08 (immediate), $2.74 (secondary), and $2.60–$2.66 (strong structural support); these levels have repeatedly held during recent corrective phases.
• Resistance: Short-term resistance at $3.38–$3.41 and strong resistance at $3.47–$3.48; a close above these levels could confirm the start of a new leg higher.
• Bollinger Bands: Prices currently sit toward the lower-middle range, suggesting ample room for extension should positive news emerge.

Technical analysts have assigned B2Gold’s chart a rating of 9/10—underscoring the view that price structure and underlying market flows are supportive of a renewed bullish phase, particularly in conjunction with the upcoming commissioning of Goose and production ramp-ups at Fekola.

Fundamental Analysis

Revenue Growth and Profitability

• 2024 Performance: B2Gold posted $1.90 billion in gold revenues for 2024, with overall production climbing to 804,778 ounces despite transitions at key mines. The 2025 guidance marks a significant step-change, especially with up to 270,000 ounces expected from the Goose Project and expanded Fekola operations.
• Profitability: While the company reported a net loss of $626.7 million in 2024 (driven by non-cash impairments at Goose and Fekola), adjusted net income stood at $206.5 million, reflecting solid underlying operations and resilient margins.
• Cost Control: 2024's average cash operating costs of $889/oz and all-in sustaining costs (AISC) of $1,465/oz compare favourably to peers, and forward guidance suggests further reductions in 2025 via operational efficiencies.

Valuation

• Attractive Multiples: The stock’s forward P/E of 6.68 and P/S of 2.13 signal an inexpensive valuation for a mid-tier producer, especially when set against its heightened production outlook and generous dividend policy.
• Price-to-Book Ratio: At 1.37, B2Gold trades only modestly above book value, highlighting an undemanding entry point for new investors.
• Balance Sheet Strength: Cash reserves of $337 million and working capital of $321 million reinforce B2Gold’s financial flexibility, allowing it to weather sector volatility and fund ongoing expansions.

Strategic Assets and Market Share

• Production Base: Multi-jurisdictional operations (Mali, Philippines, Namibia, Canada) diversify geopolitical risk and position B2Gold to capture global demand for precious metals.
• Pipeline and Optionality: The Gramalote Project in Colombia (feasibility due mid-2025) and Antelope at Otjikoto offer high-quality optionality beyond 2025—effectively extending B2Gold's growth runway.
• Brand and Execution: B2Gold maintains a reputation for operational excellence, prudent project management, and shareholder-friendly capital allocation—demonstrating a long-term commitment to value creation and risk discipline.

Volume and Liquidity

Turnover in B2Gold stock has remained robust over recent months, supporting healthy bid-ask spreads and facilitating sizeable transactions without significant market impact. The company’s strong institutional and retail ownership base, coupled with active trading on both the TSX and NYSE American, underpins high liquidity and indicates sustained market confidence.

The relatively high public float enables dynamic price discovery and enhances valuation robustness, an important consideration for institutional portfolio managers and sophisticated retail investors alike.

Catalysts and Positive Outlook

Multiple near-term and medium-term catalysts stand to accelerate B2Gold’s value proposition:

• Goose Project (Canada): First gold pour in Q2 2025—a defining event that secures B2Gold’s position in a stable, mining-friendly jurisdiction and opens up a projected annual production rate of ~310,000 ounces starting 2026.
• Fekola Complex Expansion (Mali): Regional and underground expansion on track for mid-2025, further driving total group output and mitigating regional risk via distributed mining.
• Gramalote Feasibility (Colombia): Completion of feasibility study by mid-2025 could unlock a new core asset, with the potential to add 234,000 ounces annually for at least five years.
• Dividend Growth and DRIP: Ongoing commitment to the dividend and a supportive reinvestment plan offer clarity and participation in future growth, appealing to both income- and growth-focused investors.
• Exploration Budget: The 2025 allocation of about $61 million for exploration highlights management’s proactive stance on pipeline growth and reserve replenishment.
• Secular Gold Demand: Central bank accumulation, inflation concerns, and macroeconomic uncertainty continue to anchor gold’s role as a defensive asset, directly benefitting leveraged producers such as B2Gold.

Investment Strategies

Short-Term: Tactical Entry Ahead of Catalysts

• Favor positions built near immediate support ($3.07-$3.08) in anticipation of Q2 Goose Project news flow and the next round of Fekola expansion disclosures.
• Technical setup indicates a low-risk entry point with clear stop-loss parameters below $2.90 and upside to $3.38–$3.41.

Medium-Term: Capture Ramp-Up and Exploration Upside

• Hold through key operational milestones in 2025—including first gold at Goose, new Fekola output, and Gramalote feasibility updates.
• Take advantage of any temporary price weakness or market volatility to accumulate, leveraging the company’s dividend yield while awaiting growth delivery.

Long-Term: Strategic Gold Exposure

• B2Gold offers an ideal anchor for portfolios seeking sustained exposure to gold production growth, geographical diversification, and deal/project pipeline optionality.
• The company’s balance sheet, exploration ambition, and shareholder policies provide resilience and multi-year compounding potential; a prudent long-term position can capitalize on elevated gold prices and new project ramp-ups into 2026 and beyond.

Is it the Right Time to Buy B2Gold?

Synthesizing technical strength, fundamental resilience, and a compelling forward project pipeline, B2Gold emerges as a mid-cap gold miner with a rare combination of growth, income, and value. The confluence of robust production guidance, disciplined capital management, well-timed project deliveries, and a supportive gold price environment suggests the stock may be entering a new bullish phase.

While vigilance is warranted around geopolitical and execution risks, the underlying fundamentals—attractive valuation multiples, healthy liquidity, and strong equity sponsorship—justify renewed interest. With multiple operational and financial catalysts ahead in 2025, B2Gold seems to represent an excellent opportunity for both tactical traders and long-term allocators aiming to harness the next wave of upside in the gold mining space.

In sum, B2Gold’s balanced risk/return profile, diversification benefits, and near-term catalysts—all supported by sustained technical and volume strength—give it the potential to outperform in the evolving resource sector landscape. As the company stands on the verge of notable production expansion and project de-risking, now may be a distinctly opportune moment for investors to consider B2Gold as a cornerstone in a well-constructed gold or resource equity portfolio.

How to buy B2Gold stock in Canada?

Buying B2Gold stock online is straightforward and secure when you choose a regulated Canadian broker. As a retail investor, you have two main approaches: you can directly buy B2Gold shares and own them outright, or trade Contracts for Difference (CFDs) to speculate on the price movement without physical ownership. Each method offers unique opportunities, whether you're looking for long-term investment or shorter-term trading flexibility. If you're considering your options, don’t worry—a detailed broker comparison is available further down the page to help you choose the best platform for your needs.

Spot Buying

When you buy B2Gold stock "for cash," you’re purchasing real shares on the Toronto Stock Exchange, making you a shareholder with rights to dividends and voting. This method suits investors who wish to hold the asset directly and benefit from its long-term growth and dividend yield (currently 2.58%). Fees with Canadian brokers typically involve a flat commission per transaction, often around $5–$10 CAD.

Example

Suppose B2Gold shares are trading at $4.29 CAD, and you decide to invest $1,000 CAD. With a standard commission of $5, your available capital after fees is $995, allowing you to buy approximately 231 B2Gold shares.
✔️ Gain scenario:
If the share price climbs by 10%, your holding rises to about $1,100.
Result: +$100 gross gain—a 10% return on your investment.

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on B2Gold’s stock price movements without owning the actual shares. CFDs are popular for their flexibility, including the option to go long or short and the use of leverage (borrowing to amplify your position). Instead of a flat commission, CFD brokers typically charge a spread—a small markup between buy and sell prices—and may apply overnight financing fees if you hold positions for more than a day.

Example

You open a CFD position on B2Gold with $1,000 CAD at 5x leverage, giving you exposure to $5,000 worth of stock.
✔️ Gain scenario:
If B2Gold stock rises by 8%, your leveraged position increases by 40% (8% x 5), netting you a $400 gain on your $1,000 stake (before spreads and overnight fees).

Final Advice

Before you invest, it’s essential to compare the fees, trading platforms, and conditions offered by different Canadian brokers—costs can directly impact your returns. The best method for you depends on your investing style: cash purchasing for long-term investors or CFDs for more active traders seeking flexibility and leverage. For a comprehensive comparison of leading brokers in Canada—including their fees and features—refer to our dedicated comparison chart further down the page. Be informed, stay safe, and tailor your approach to your personal financial goals!

Platforms

Minimum Deposit

Discover

#1

Tier 1 regulation, including ASIC and FSA

#1

Star Trader

4.9

Minimum Deposit

$50

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with our partner Star Trader

#2

Broker specializing in Forex and CFDs

#2

IFC Markets

4.8

Minimum Deposit

$1

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with our partner IFC Markets

#3

Broker regulated since 2006

#3

Avatrade

4.8

Minimum Deposit

$100

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with our partner Avatrade

Our 7 tips for buying B2Gold stock

The latest news about B2Gold

B2Gold’s Goose Project in Nunavut is on track for its first gold pour in Q2 2025, signaling a significant Canadian production debut. This milestone marks B2Gold’s direct mining operations within Canada, expected to deliver 120,000–150,000 ounces of gold this year and ramp to an annual average of approximately 310,000 ounces from 2026-2031, according to official company guidance released this week. The project is receiving attention from Canadian investors and analysts, not only for its production potential but also for its role in supporting jobs and economic development in Nunavut. As the first Canadian gold project for B2Gold, Goose enhances the company’s geopolitical and operational diversification—a major strength in the current landscape.

The company reaffirmed a strong 2025 gold production outlook, setting guidance at 970,000 to 1,075,000 ounces globally, with a constructive focus on cost discipline. Despite industry-wide inflationary pressures, B2Gold forecasts cash operating costs between $835–$895 per ounce and all-in sustaining costs at $1,460–$1,520 per ounce for 2025. These metrics compare favorably within the industry and indicate management’s commitment to profitability and capital discipline, supporting investor confidence. The guidance, confirmed through official corporate updates in the last seven days, underpins the business case for continued growth, particularly appealing to Canadian institutional investors seeking exposure to precious metals with strong cash flow credentials.

B2Gold’s quarterly dividend of $0.02 USD (annualized yield of 2.58%) remains attractive for Canadian shareholders, with “eligible dividend” tax status and a DRIP option. The most recent disclosures reiterate that the dividend is classified as an “eligible dividend” under Canadian tax law, providing favorable tax treatment for domestic investors. Participation in the Dividend Reinvestment Plan (DRIP) offers an opportunity for compounding returns, appealing to both retail and institutional shareholders. In a sector with relatively few yield-paying names, this income stream differentiates B2Gold on the Toronto Stock Exchange and supports demand from income-seeking Canadian portfolios.

B2Gold’s stock continues to demonstrate strong technical momentum, trading above all major moving averages and earning a 9/10 technical rating. Over the past week, the company’s shares have held above their 50-day, 100-day, and 200-day moving averages, signaling underlying bullish sentiment despite recent gold price volatility. The technical analysis, confirmed as of April 30, 2025, highlights robust support zones and suggests resilience in the share price, which will be of interest to Canadian investors who utilize technical signals for portfolio positioning. This technical strength aligns with the company’s improving operational backdrop.

The company maintains a solid balance sheet, ending 2024 with $337 million in cash and $321 million in working capital, reinforcing stability ahead of Canadian project ramp-up. The official year-end financials show B2Gold well-capitalized, providing assurance that it is equipped to fund construction and working capital needs as the Goose Project approaches full production. This strong liquidity position lowers execution risk on key Canadian initiatives and reassures analysts considering near-term capital expenditure commitments. For Canadian stakeholders, this prudent financial management supports a constructive outlook as the company’s domestic profile rises.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.