B2Gold (BTG) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.03
- Estimate
- $0.07
- Surprise
- -58.9%
- Score at report (before → after)
- 7.2 → 7.3/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
B2Gold (BTG) missed the $0.07 estimate with adjusted EPS of $0.03 — a large 58.9% shortfall. TrendMatrix's engine moved from Hold (7.2/10) to Sell at 7.3/10 after the report — the engine's score rose despite the miss.
Where TrendMatrix's rating stands now
TrendMatrix currently rates BTG Buy (Wait) at 6.6/10.
2 of the last 4 quarters beat the estimate; this quarter's -58.9% surprise compares with a -5.3% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.2 in RISK_OFF)
- Positive news sentiment (+0.67)
What argues against it
- Sector modifier (Basic Materials): -0.1
- Earnings in 6 days (event risk)
- Consecutive earnings misses (2)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $4.97
- Entry target
- $4.76
- Price target
- $5.52
- Stop
- $4.52
- Upside to target
- +11.0%
- Reward-to-risk
- 1.3:1
The stock trades at 9.3× trailing but 5.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
BTG at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Gold
- Market cap
- $6.76B
- P/E (fwd)
- 5.9
- P/E (ttm)
- 9.3
- 52-week range
- $3.57–$6.29
- Off 52-week high
- 20.9%
- RSI (14)
- 42
- Volume vs avg
- 0.15×
- Score today
- 6.6/10