BTG
B2Gold Corp. Basic Materials - Gold Investor Relations →
B2Gold Corp. (BTG) closed at $5.06 as of 2026-02-02, trading 58.3% above its 200-week moving average of $3.20. The stock moved further from the line this week, up from 53.6% last week. The 14-week RSI sits at 59, indicating neutral momentum.
Over the past 871 weeks of data, BTG has crossed below its 200-week moving average 16 times. On average, these episodes lasted 20 weeks. Historically, investors who bought BTG at the start of these episodes saw an average one-year return of +7.4%.
With a market cap of $6.8 billion, BTG is a mid-cap stock. The company generates a free cash flow yield of 0.7%. Return on equity stands at 7.2%. The stock trades at 2.0x book value.
Share count has increased 24.8% over three years, indicating dilution.
Over the past 16.8 years, a hypothetical investment of $100 in BTG would have grown to $960, compared to $1017 for the S&P 500. BTG has returned 14.5% annualized vs 14.9% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 5.9% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: BTG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BTG Crosses Below the Line?
Across 16 historical episodes, buying BTG when it crossed below its 200-week moving average produced an average return of +6.0% after 12 months (median +0.0%), compared to +12.2% for the S&P 500 over the same periods. 47% of those episodes were profitable after one year. After 24 months, the average return was +13.5% vs +28.9% for the index.
Each line shows $100 invested at the moment BTG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
BTG has crossed below its 200-week MA 16 times with an average 1-year return of +7.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 2013 | Aug 2013 | 17 | 21.0% | +6.6% | +145.5% |
| Aug 2013 | Mar 2014 | 27 | 30.8% | -3.4% | +138.1% |
| Mar 2014 | Jun 2016 | 118 | 72.6% | -40.9% | +129.5% |
| Aug 2018 | Aug 2018 | 1 | 1.6% | +66.2% | +193.2% |
| Sep 2018 | Sep 2018 | 1 | 0.2% | +41.8% | +187.9% |
| Mar 2020 | Mar 2020 | 2 | 5.5% | +68.3% | +129.2% |
| Aug 2021 | Aug 2021 | 1 | 1.4% | -6.8% | +65.8% |
| Sep 2021 | Oct 2021 | 5 | 8.8% | -0.6% | +66.3% |
| Nov 2021 | Dec 2021 | 3 | 1.7% | +0.4% | +62.2% |
| Jan 2022 | Feb 2022 | 5 | 8.0% | +12.5% | +63.6% |
| Jun 2022 | Jan 2023 | 29 | 25.5% | +5.3% | +62.1% |
| Jan 2023 | Apr 2023 | 9 | 16.2% | -23.4% | +50.4% |
| Apr 2023 | May 2023 | 1 | 1.0% | -30.0% | +43.0% |
| May 2023 | Oct 2024 | 74 | 35.3% | -21.6% | +44.9% |
| Nov 2024 | Apr 2025 | 22 | 24.3% | +36.2% | +76.2% |
| Apr 2025 | May 2025 | 3 | 3.5% | N/A | +73.1% |
| Average | 20 | — | +7.4% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02