BTGN MEX Week ended 31 Jul 2026

Weekly Investor Report

B2Gold Corp. · Basic Materials · Gold

Latest close 65.00 MXN
-0.9% latest week
Weekly setup

Weak trend

The weekly trend is not active. Price is -19.9% below the Trend Line and sits at 2.9% of its 52-week range. The latest completed week returned -0.9%, after a -3.1% four-week move. The latest news-sentiment score is 49/100. Near-term considerations: volume confirmation is below normal.

Setup score 20 out of 100
Latest Close 65.00 MXN 31 Jul 2026
1W Return -0.9% latest completed week
4W Return -3.1% short-term follow-through
12W Return -28.6% quarterly tape
Trend Breadth 69.2% 36 of 52 weeks active
Volume Ratio 0.1x vs 13-week average
What is working
  • Price is above Fair Value, showing premium demand versus the model.
What could go wrong
  • The trend backdrop is inactive, so price action has not confirmed a constructive regime.
  • Price is below the Trend Line, which keeps downside pressure in focus.
  • Activity pressure is negative, which weakens the current setup.
  • Next-week expectancy is negative at 37.95% based on similar historical setup states.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is not active. Price is -19.9% below the Trend Line and sits at 2.9% of its 52-week range. The latest completed week returned -0.9%, after a -3.1% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.1x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.2612-week average 0.39

12-week confirmation

Trend active3/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure0/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership1/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.26Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -3.1% over four weeks, -28.6% over 12 weeks, and 1.6% over one year. The current trend has remained active for 0 consecutive weeks.

Performance by holding period

1W-0.9%
4W-3.1%
12W-28.6%
26W-24.8%
52W1.6%
Active trend streak0 weeks
Active weeks in one year36
Trend breadth69.2%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure-1.16Latest activity-pressure read.
Pressure change-11.5%Four-week change in activity pressure.
Leadership-22.14Latest relative-leadership reading.
RS change-7.2%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

A published fundamentals and factor snapshot is not available for this company.

Open full factor analysis

No published fundamental snapshot is available for this company.

05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment49/100

Weighted news tone is neutral across 11 relevant articles.

1 positive · 8 neutral · 2 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-43.5%Distance below the 52-week high.
13-week volatility5.2%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher10 of 2615 weeks finished lower.
Best week+15.8%Week of 3 Apr.
Worst week-18.8%Week of 20 Mar.
Latest week-0.9%Week of 31 Jul.

Shape of recent returns

Strong gains5
Modest gains5
Flat weeks1
Modest losses7
Sharp losses8
Recent vol5.2%13-week weekly-return volatility.
Base vol7.6%52-week weekly-return volatility.
Up/down split26/23Count of positive and negative weeks in the 52-week window.
Average skew5.9% / -6.0%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 202665.00 MXN-0.9%81.12 MXN64.77 MXN-1.16-22.14208Off
24 Jul 202665.59 MXN-0.2%81.62 MXN64.74 MXN-1.12-20.9660Off
17 Jul 202665.75 MXN-4.2%82.31 MXN64.71 MXN-1.04-21.22298Off
10 Jul 202668.60 MXN2.3%82.92 MXN64.68 MXN-1.02-17.9244Off
3 Jul 202667.05 MXN-4.5%83.48 MXN64.66 MXN-1.04-20.6616Off
26 Jun 202670.20 MXN-6.4%84.03 MXN64.64 MXN-1.09-17.360Off
19 Jun 202675.00 MXN2.7%84.44 MXN64.60 MXN-0.99-12.560Off
12 Jun 202673.00 MXN-2.9%84.31 MXN64.54 MXN-0.93-15.38820Off
5 Jun 202675.21 MXN-8.4%84.37 MXN64.48 MXN-0.68-10.748Off
29 May 202682.08 MXN2.6%84.28 MXN64.41 MXN-0.41-6.199.3KOn
22 May 202679.98 MXN-13.5%84.57 MXN64.29 MXN-0.44-8.191.0KOn
15 May 202692.47 MXN1.6%85.08 MXN64.18 MXN-0.377.03188On
8 May 202691.04 MXN5.9%85.42 MXN63.99 MXN-0.463.1414.0KOff
1 May 202685.98 MXN0.0%85.46 MXN63.81 MXN-0.610.610Off
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.