BTGNYSEGold and Silver OresFiscal year ends December 31
B2GOLD CORP
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 11, 2026
$5.21−0.10 (-1.88%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 18.6
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
60.0%
804M of 1.34B shares
Institutional holders
303
52 new, 44 sold out
Net institutional buying
58M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Van Eck Associates Corp | 95,368,698 | 7.13% | 13G (passive) amendment | Mar 31, 2026 |
| Pale Fire Capital Se | 68,919,153 | 5.20% | 13G (passive) | Feb 5, 2026 |
| Pale Fire Capital investicni spolecnost a.s. | 66,000,909 | 5.00% | 13G (passive) | Apr 16, 2025 |
| FMR LLC | 101,498,337 | 7.70% | 13G (passive) amendment | Sep 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BTG | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Van Eck Associates Corp | 91,117,587 | 6.80% | $340.81M | −4,251,647 | 0.21% |
| Pale Fire Capital SE | 64,560,777 | 4.82% | $241.46M | −5,179,356 | 17.07% |
| L1 Capital Pty Ltd | 48,837,914 | 3.64% | $182.65M | New | 6.14% |
| American Century Companies Inc | 39,292,636 | 2.93% | $147.34M | +4,315,060 | 0.07% |
| Vanguard Capital Management LLC | 36,883,452 | 2.75% | $138.35M | −72,919 | 0.00% |
| Two Sigma Investments, LP | 36,461,952 | 2.72% | $136.37M | −6,601,948 | 0.10% |
| Dimensional Fund Advisors LP | 35,304,688 | 2.63% | $132.04M | +1,827,386 | 0.02% |
| Connor, Clark & Lunn Investment Management Ltd. | 28,768,407 | 2.15% | $107.80M | +12,896,283 | 0.20% |
| Millennium Management LLC | 24,801,181 | 1.85% | $92.76M | +1,855,110 | 0.03% |
| First Eagle Investment Management, LLC | 19,405,368 | 1.45% | $72.72M | +9,702,684 | 0.06% |
| D. E. Shaw & Co., Inc. | 19,115,687 | 1.43% | $71.53M | −9,124,326 | 0.03% |
| Goldman Sachs Group Inc | 18,546,048 | 1.38% | $69.36M | −4,156,938 | 0.01% |
| Deutsche Bank AG\ | 17,101,670 | 1.28% | $63.96M | +5,556 | 0.02% |
| Morgan Stanley | 16,339,149 | 1.22% | $61.11M | +4,277,349 | 0.00% |
| Norges Bank | 14,673,503 | 1.09% | $54.99M | New | 0.01% |
| Acadian Asset Management LLC | 11,831,253 | 0.88% | $44.34K | +2,739,643 | 0.05% |
| Condire Management, LP | 11,571,607 | 0.86% | $43.28M | – | 4.59% |
| Vanguard Fiduciary Trust Co | 11,168,147 | 0.83% | $41.89M | −84,495 | 0.01% |
| TD Asset Management Inc | 10,728,623 | 0.80% | $40.23M | +5,317,455 | 0.03% |
| FIL Ltd | 10,163,503 | 0.76% | $38.12M | +86,418 | 0.03% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 303 | 804M | 60.0% | 52 / 105 | 87 / 44 | 164M | 106M |
| Q1 2026 | 299 | 748M | 55.8% | 54 / 101 | 99 / 40 | 189M | 171M |
| Q4 2025 | 291 | 788M | 58.8% | 66 / 114 | 71 / 54 | 193M | 145M |
| Q3 2025 | 286 | 746M | 55.6% | 62 / 99 | 80 / 32 | 115M | 148M |
| Q2 2025 | 256 | 779M | 58.1% | 42 / 91 | 76 / 38 | 118M | 76M |
| Q1 2025 | 256 | 737M | 55.0% | 50 / 98 | 59 / 31 | 129M | 49M |
| Q4 2024 | 242 | 660M | 49.2% | 36 / 74 | 81 / 43 | 77M | 57M |
| Q3 2024 | 253 | 641M | 47.8% | 38 / 82 | 82 / 45 | 98M | 50M |
| Q2 2024 | 262 | 594M | 44.3% | 45 / 94 | 74 / 33 | 77M | 117M |
| Q1 2024 | 253 | 636M | 47.4% | 54 / 84 | 77 / 27 | 72M | 94M |
| Q4 2023 | 226 | 657M | 49.0% | 33 / 88 | 66 / 39 | 66M | 67M |
| Q3 2023 | 235 | 658M | 49.1% | 32 / 76 | 69 / 27 | 48M | 81M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BTG | Value | % of fund | As of |
|---|---|---|---|---|---|
| VanEck Gold Miners ETF | 48,890,634 | 3.65% | $182.85M | 0.80% | Jun 30, 2026 |
| VanEck Junior Gold Miners ETF | 28,981,626 | 2.16% | $108.39M | 1.53% | Jun 30, 2026 |
| Avantis International Small Cap Value ETF | 24,330,903 | 1.81% | $84.49M | 0.59% | May 31, 2026 |
| Vanguard Total International Stock Index Fund | 18,677,685 | 1.39% | $98.06M | 0.01% | Jul 31, 2026 |
| Dfa International Small Cap Value Portfolio | 13,587,829 | 1.01% | $50.95M | 0.36% | Jul 31, 2026 |
| Vanguard Developed Markets Index Fund | 12,275,672 | 0.92% | $65.31M | 0.01% | Jun 30, 2026 |
| First Eagle Gold Fund | 9,464,869 | 0.71% | $25.29M | 0.77% | Jul 31, 2026 |
| iShares MSCI Global Gold Miners ETF | 7,280,363 | 0.54% | $25.28M | 1.25% | May 31, 2026 |
| Dimensional International Small Cap Value ETF | 5,969,882 | 0.45% | $22.39M | 0.45% | Jul 31, 2026 |
| International Core Equity 2 Portfolio | 5,547,754 | 0.41% | $14.82M | 0.05% | Jul 31, 2026 |
| The Canadian Small Company Series | 5,234,539 | 0.39% | $19.63M | 0.97% | Jul 31, 2026 |
| EuroPac Gold Fund | 4,915,229 | 0.37% | $18.43M | 3.63% | Jul 31, 2026 |
| Vanguard Ftse All-World Ex-US Small-Cap Index Fund | 4,756,012 | 0.35% | $24.97M | 0.13% | Jul 31, 2026 |
| Global Gold Fund | 4,655,300 | 0.35% | $17.41M | 1.21% | Jun 30, 2026 |
| Victory Precious Metals and Minerals Fund | 4,207,587 | 0.31% | $14.61M | 1.75% | May 31, 2026 |