BTG
B2Gold Corp. Basic Materials - Gold Investor Relations →
B2Gold Corp. (BTG) closed at $4.36 as of 2026-05-01, trading 33.4% above its 200-week moving average of $3.27. The stock is currently moving closer to the line, down from 52.3% last week. The 14-week RSI sits at 42, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.85 ratio) is neutral — neither side is clearly dominating.
Over the past 883 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 +10.0%.
With a market cap of $5.8 billion, BTG is a mid-cap stock. The company generates a free cash flow yield of 10.2%, which is notably high. Return on equity stands at 12.8%. The stock trades at 1.6x book value.
Share count has increased 24.7% over three years, indicating dilution.
Over the past 16.9 years, a hypothetical investment of $100 in BTG would have grown to $830, compared to $1061 for the S&P 500. BTG has returned 13.3% annualized vs 15.0% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 19.8% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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 +8.8% after 12 months (median +7.0%), compared to +13.4% for the S&P 500 over the same periods. 50% 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 +10.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 2013 | Aug 2013 | 17 | 21.0% | +6.6% | +112.4% |
| Aug 2013 | Mar 2014 | 27 | 30.8% | -3.4% | +106.0% |
| Mar 2014 | Jun 2016 | 118 | 72.6% | -40.9% | +98.5% |
| Aug 2018 | Aug 2018 | 1 | 1.6% | +66.2% | +153.7% |
| Sep 2018 | Sep 2018 | 1 | 0.2% | +41.8% | +149.0% |
| Mar 2020 | Mar 2020 | 2 | 5.5% | +68.3% | +98.2% |
| Aug 2021 | Aug 2021 | 1 | 1.4% | -6.8% | +43.4% |
| Sep 2021 | Oct 2021 | 5 | 8.8% | -0.6% | +43.8% |
| Nov 2021 | Dec 2021 | 3 | 1.7% | +0.4% | +40.3% |
| Jan 2022 | Feb 2022 | 5 | 8.0% | +12.5% | +41.5% |
| Jun 2022 | Jan 2023 | 29 | 25.5% | +5.3% | +40.2% |
| Jan 2023 | Apr 2023 | 9 | 16.2% | -23.4% | +30.1% |
| Apr 2023 | May 2023 | 1 | 1.0% | -30.0% | +23.7% |
| May 2023 | Oct 2024 | 74 | 35.3% | -21.6% | +25.3% |
| Nov 2024 | Apr 2025 | 22 | 24.3% | +36.2% | +52.4% |
| Apr 2025 | May 2025 | 3 | 3.5% | +49.7% | +49.7% |
| Average | 20 | — | +10.0% | — |
Frequently Asked Questions
Is BTG below its 200-week moving average?
No. B2Gold Corp. (BTG) is currently 33.4% above its 200-week moving average of $3.27. It would need to fall to $3.27 to cross below the line.
What is BTG's 200-week moving average price?
B2Gold Corp.'s 200-week moving average is $3.27 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when BTG drops below its 200-week moving average?
BTG has crossed below its 200-week moving average 16 times in our data. On average, buying at that moment produced a one-year return of +10.0%. These dips have historically been decent entry points. These episodes lasted 20 weeks on average.
Is BTG a good value right now?
Here's what our data says about BTG as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 42. Free cash flow yield is 10.2%. Return on equity is 12.8%. Price-to-book is 1.6x. This is not a buy or sell recommendation — always do your own research.
How does BTG compare to the S&P 500?
Over the past 16.9 years, $100 invested in BTG would have grown to $830, compared to $1061 for the S&P 500. That's 13.3% annualized vs 15.0% for the index. BTG has underperformed the broader market over this period.
Does BTG pay a dividend?
Yes. B2Gold Corp. currently pays a dividend yield of 183.00%.
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 week of 2026-05-01