10 Best Penny Stocks That Could Skyrocket in 2026

​8. B2Gold Corp. (NYSEAMERICAN:BTG)

Number of Hedge Fund Holders: 37

Upside Potential: 73.56%

B2Gold Corp. (NYSEAMERICAN:BTG) has roughly gained 8.5% in mid-June 2026, mainly due to the continued momentum from its significant fiscal Q1 2026 earnings beat. Wall Street expects the company to leverage increased gold prices to offset the elevated expenditure of its production ramp-up.

​Analysts’ 12-month average price target suggests more than 70% upside from the current levels. B2Gold Corp. (NYSEAMERICAN:BTG) ranks as one of the Best Penny Stocks That Could Skyrocket in 2026.

​Recently, on June 3, RBC Capital analyst Josh Wolfson reiterated a Hold rating on the stock with a price target of $5.75. During the recent fiscal Q1 2026 earnings, B2Gold posted revenue of $1.16 billion that topped the consensus by 37.32% and EPS of $0.19, which exceeded expectations by 67.65%. The company mined 237,763 ounces of gold, with every operation beating its targets. Moreover, the cash operating costs came in at $1,005 per ounce produced, which was better than expected due to the higher output. Notably, all-in sustaining costs were $1,964 per ounce sold, also below forecasts.

B2Gold Corp. (NYSEAMERICAN:BTG) is a low-cost international senior gold producer headquartered in Vancouver. Founded in 2007 by former Bema Gold executives, the company focuses on acquiring, developing, and operating gold mines with producing assets in Mali, Namibia, the Philippines, and Canada.