BTG Earnings
Wednesday, May 06 2026
EPS Estimate
$0.12
$0.07 – $0.15
Revenue Estimate
$875M
Current Price
$4.94
Our Position
neutralRecord $3.06B revenue masks production headwind ahead
structured data
est. revisions falling
(-15.7pp / 30d)
BTG delivered stellar execution in 2025, but guidance signals a deliberate production pullback tied to mine development cycles, not operational distress. The dip is transitional — stripping at Fekola typically precedes higher-grade ore extraction — so this isn't a demand or cost problem. Watch whether management maintains or raises 2026 guidance as the year progresses; that will clarify whether the decline is a one-year trough or the start of a longer productivity challenge.
Watch: Q1 2026 production updates and any guidance revisions will signal whether the planned mine work stays on track. If stripping accelerates productivity faster than expected, upside to full-year production could rerate the stock.
Data Signal Summary
2 bullish
2 bearish
Estimates down -14%
Put/call 0.6 (bullish skew)
Price downtrend
Insider buying
Key Context
Insider Activity
buying
Price Trend
downtrend
From 52w High
-1.2%
P/E Ratio
17.6
Est. Revisions (30d)
-13.8% 0up/2dn
Analyst Target (mean)
$7 $5–$8 +33%
Options P/C Ratio
0.57
Est. Dispersion
68% 7 analysts
Fund Convergence
strong Two Sigma, Citadel, Renaissance, Bridgewater
Recent Activity
insider trades
151 transactions
Exercise
·
Krohnert (Ninette) (Senior Officer of Issuer)
·10,190 shares
·$43,552
Other
·
Krohnert (Ninette) (Senior Officer of Issuer)
·5,474 shares
·$25,328
Exercise
·
Krohnert (Ninette) (Senior Officer of Issuer)
·19,658 shares
·$84,018
Other
·
Krohnert (Ninette) (Senior Officer of Issuer)
·10,556 shares
·$48,842
Exercise
·
Lytle, William (Senior Officer of Issuer)
·63,680 shares
·$272,168
146 more
Other
·
Lytle, William
·34,184 shr
·$158,169
Exercise
·
Lytle, William
·143,276 shr
·$612,361
Other
·
Lytle, William
·76,906 shr
·$355,844
Exercise
·
McDonald (Michael Stephen)
·10,918 shr
·$46,663
Other
·
McDonald (Michael Stephen)
·5,865 shr
·$27,137
Exercise
·
McDonald (Michael Stephen)
·16,385 shr
·$70,029
Other
·
McDonald (Michael Stephen)
·8,799 shr
·$40,712
Exercise
·
Montano (Peter)
·23,657 shr
·$101,110
Exercise
·
Montano (Peter)
·53,223 shr
·$227,475
Other
·
Montano (Peter)
·15,356 shr
·$71,052
Exercise
·
Moore (Daniel Bruce)
·14,557 shr
·$62,216
Other
·
Moore (Daniel Bruce)
·5,752 shr
·$26,614
Exercise
·
Moore (Daniel Bruce)
·32,758 shr
·$140,007
Other
·
Moore (Daniel Bruce)
·12,937 shr
·$59,859
Exercise
·
Rajala (John Alex)
·23,657 shr
·$101,110
Other
·
Rajala (John Alex)
·11,160 shr
·$51,637
Exercise
·
Rajala (John Alex)
·53,223 shr
·$227,475
Other
·
Rajala (John Alex)
·25,101 shr
·$116,142
Exercise
·
Reeder (Neil)
·16,376 shr
·$69,991
Other
·
Reeder (Neil)
·16,376 shr
·$75,771
Exercise
·
Reeder (Neil)
·36,849 shr
·$157,492
Other
·
Reeder (Neil)
·19,794 shr
·$91,586
Exercise
·
Stansbury (Dennis)
·63,680 shr
·$272,168
Other
·
Stansbury (Dennis)
·25,144 shr
·$116,341
Exercise
·
Stansbury (Dennis)
·143,276 shr
·$612,361
Other
·
Stansbury (Dennis)
·56,567 shr
·$261,735
Exercise
·
Bartz, Eduard
·20,015 shr
·$85,544
Other
·
Bartz, Eduard
·20,015 shr
·$92,609
Exercise
·
Bartz, Eduard
·45,036 shr
·$192,483
Other
·
Bartz, Eduard
·24,177 shr
·$111,866
Exercise
·
Brown (Andrew Bruce)
·14,557 shr
·$62,216
Other
·
Brown (Andrew Bruce)
·7,818 shr
·$36,173
Exercise
·
Brown (Andrew Bruce)
·16,385 shr
·$70,029
Other
·
Brown (Andrew Bruce)
·8,799 shr
·$40,712
Exercise
·
Chatwin (Randall C)
·118,715 shr
·$507,387
Other
·
Chatwin (Randall C)
·63,724 shr
·$294,850
Exercise
·
Chatwin (Randall C)
·52,764 shr
·$225,513
Other
·
Chatwin (Randall C)
·28,325 shr
·$131,059
Exercise
·
Cinnamond (Michael Andrew)
·143,276 shr
·$612,361
Other
·
Cinnamond (Michael Andrew)
·76,906 shr
·$355,844
Exercise
·
Cinnamond (Michael Andrew)
·63,680 shr
·$272,168
Other
·
Cinnamond (Michael Andrew)
·34,184 shr
·$158,169
Exercise
·
Johnson (Clive Thomas)
·181,928 shr
·$777,560
Other
·
Johnson (Clive Thomas)
·97,652 shr
·$451,835
Exercise
·
Johnson (Clive Thomas)
·409,340 shr
·$1,749,519
Other
·
Johnson (Clive Thomas)
·219,713 shr
·$1,016,612
Exercise
·
King (Victor John)
·52,764 shr
·$225,513
Other
·
King (Victor John)
·28,325 shr
·$131,059
Exercise
·
King (Victor John)
·118,715 shr
·$507,387
Other
·
King (Victor John)
·63,724 shr
·$294,850
Buy
·
B2Gold Corp
·280,581 shr
·$1,181,526
Other
·
B2Gold Corp
·10,612,281 shr
Buy
·
B2Gold Corp
·832,800 shr
·$3,491,930
Buy
·
B2Gold Corp
·840,000 shr
·$3,558,240
Buy
·
B2Gold Corp
·833,200 shr
·$3,390,290
Other
·
Brown (Andrew Bruce)
·955 shr
·$19
Other
·
Chatwin (Randall C)
·123 shr
·$2
Other
·
Cinnamond (Michael Andrew)
·374 shr
·$7
Other
·
Johnson (Clive Thomas)
·3,889 shr
·$77
Other
·
King (Victor John)
·6,241 shr
·$124
Other
·
Krohnert (Ninette)
·939 shr
·$18
Other
·
Lytle, William
·123 shr
·$2
Other
·
McDonald (Michael Stephen)
·45 shr
Other
·
Moore (Daniel Bruce)
·659 shr
·$13
Other
·
Rajala (John Alex)
·3,096 shr
·$61
Other
·
Stansbury (Dennis)
·143 shr
·$2
Buy
·
B2Gold Corp
·833,600 shr
·$3,401,088
Buy
·
B2Gold Corp
·792,700 shr
·$3,107,384
Other
·
Oke,Mary-Lynn Ida
·37 shr
·$145
Other
·
Weisman (Robin Leslie)
·12 shr
·$48
Buy
·
B2Gold Corp
·408,700 shr
·$2,132,187
Buy
·
B2Gold Corp
·832,700 shr
·$4,489,085
Exercise
·
Bartz, Eduard
·29,531 shr
·$158,551
Other
·
Bartz, Eduard
·29,531 shr
·$157,223
Exercise
·
Brown (Andrew Bruce)
·34,901 shr
·$187,383
Other
·
Brown (Andrew Bruce)
·20,348 shr
·$108,332
Exercise
·
Johnson (Clive Thomas)
·150,339 shr
·$807,170
Other
·
Johnson (Clive Thomas)
·87,636 shr
·$466,574
Exercise
·
King (Victor John)
·77,855 shr
·$418,003
Other
·
King (Victor John)
·45,386 shr
·$241,635
Exercise
·
Krohnert (Ninette)
·34,901 shr
·$187,383
Other
·
Krohnert (Ninette)
·20,348 shr
·$108,332
Exercise
·
McDonald (Michael Stephen)
·34,901 shr
·$187,383
Other
·
McDonald (Michael Stephen)
·20,348 shr
·$108,332
Exercise
·
Reeder (Neil)
·24,164 shr
·$129,736
Other
·
Reeder (Neil)
·24,164 shr
·$128,649
Buy
·
B2Gold Corp
·840,000 shr
·$4,303,320
Buy
·
B2Gold Corp
·832,000 shr
·$4,360,512
Buy
·
B2Gold Corp
·823,400 shr
·$4,270,152
Exercise
·
Bartz, Eduard
·23,663 shr
·$137,600
Other
·
Bartz, Eduard
·23,663 shr
·$125,650
Exercise
·
Brown (Andrew Bruce)
·27,964 shr
·$162,610
Other
·
Brown (Andrew Bruce)
·17,015 shr
·$90,349
Exercise
·
Chatwin (Randall C)
·73,136 shr
·$211,801
Other
·
Chatwin (Randall C)
·44,494 shr
·$236,263
Exercise
·
Cinnamond (Michael Andrew)
·75,287 shr
·$437,793
Other
·
Cinnamond (Michael Andrew)
·45,803 shr
·$243,213
Exercise
·
Johnson (Clive Thomas)
·120,459 shr
·$700,469
Other
·
Johnson (Clive Thomas)
·73,282 shr
·$389,127
Exercise
·
King (Victor John)
·62,381 shr
·$362,745
Other
·
King (Victor John)
·37,952 shr
·$201,525
Exercise
·
Krohnert (Ninette)
·27,964 shr
·$162,610
Other
·
Krohnert (Ninette)
·27,964 shr
·$148,488
Exercise
·
Lytle, William
·75,287 shr
·$437,793
Other
·
Lytle, William
·45,803 shr
·$243,213
Exercise
·
McDonald (Michael Stephen)
·27,964 shr
·$162,610
Other
·
McDonald (Michael Stephen)
·17,015 shr
·$90,349
Exercise
·
Montano (Peter)
·27,964 shr
·$162,610
Other
·
Montano (Peter)
·27,964 shr
·$148,488
Exercise
·
Moore (Daniel Bruce)
·23,663 shr
·$137,600
Other
·
Moore (Daniel Bruce)
·10,349 shr
·$54,953
Exercise
·
Rajala (John Alex)
·27,964 shr
·$162,610
Other
·
Rajala (John Alex)
·14,666 shr
·$77,876
Exercise
·
Reeder (Neil)
·19,360 shr
·$112,578
Other
·
Reeder (Neil)
·19,360 shr
·$102,801
Exercise
·
Stansbury (Dennis)
·62,381 shr
·$362,745
Other
·
Stansbury (Dennis)
·27,675 shr
·$146,954
Buy
·
B2Gold Corp
·822,600 shr
·$4,558,849
Buy
·
B2Gold Corp
·820,000 shr
·$4,928,200
Buy
·
B2Gold Corp
·820,000 shr
·$4,484,580
Other
·
B2Gold Corp
·800,600 shr
Buy
·
B2Gold Corp
·800,600 shr
·$4,249,584
Exercise
·
Stansbury (Dennis)
·142,857 shr
·$652,713
Other
·
Stansbury (Dennis)
·142,857 shr
·$874,141
Exercise
·
Stansbury (Dennis)
·103,626 shr
·$438,648
Other
·
Stansbury (Dennis)
·103,626 shr
·$633,362
Exercise
·
Stansbury (Dennis)
·44,303 shr
·$187,534
Other
·
Stansbury (Dennis)
·44,303 shr
·$270,779
Exercise
·
Reeder (Neil)
·85,174 shr
·$388,563
Other
·
Reeder (Neil)
·85,714 shr
·$513,084
Exercise
·
Krohnert (Ninette)
·30,000 shr
·$117,150
Other
·
Krohnert (Ninette)
·30,000 shr
·$179,580
Exercise
·
Bartz, Eduard
·85,714 shr
·$391,198
Other
·
Bartz, Eduard
·85,714 shr
·$485,055
Exercise
·
Bartz, Eduard
·88,757 shr
·$375,264
Other
·
Bartz, Eduard
·88,757 shr
·$504,228
Other
·
Chatwin (Randall C)
·20,000 shr
·$106,000
Other
·
B2Gold Corp
·4,700,100 shr
Buy
·
B2Gold Corp
·807,000 shr
·$4,369,905
Buy
·
B2Gold Corp
·805,700 shr
·$4,385,425
Buy
·
B2Gold Corp
·12,600 shr
·$63,894
Buy
·
B2Gold Corp
·820,300 shr
·$4,103,960
Buy
·
B2Gold Corp
·778,400 shr
·$3,775,240
Buy
·
B2Gold Corp
·724,200 shr
·$3,431,983
Buy
·
B2Gold Corp
·751,900 shr
·$3,436,934
Other
·
Chatwin (Randall C)
·6,300 shr
·$30,605
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