Bonanza Mining (TSXV:BNZ) Beta: 2.3102 (As of Jul. 01, 2026)


What is Bonanza Mining Beta?

Bonanza Mining TSXV:BNZ Beta is 2.3102 as of Jul. 01, 2026. The stock has 1 warning sign investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-01), Bonanza Mining's Beta is 2.3102.

Bonanza Mining  (TSXV:BNZ) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Bonanza Mining Beta Related Terms

Bonanza Mining Beta Historical Data

* Premium members only.

The historical data trend for Bonanza Mining's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bonanza Mining Beta Chart

Bonanza Mining Annual Data
Trend Feb22 Feb23 Feb24 Feb25 Feb26
Beta
0.00 0.00 0.00 0.83 1.81

Bonanza Mining Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 1.29 1.86 2.58 1.81

TSXV:BNZ vs HL: Beta Comparison

For the Other Precious Metals & Mining subindustry, Bonanza Mining's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bonanza Mining Beta vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Bonanza Mining's Beta distribution charts can be found below:

* The bar in red indicates where Bonanza Mining's Beta falls into.


Bonanza Mining Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Frequently Asked Questions Learn more about Beta →
What does a Beta of 2.3102 mean?
Bonanza Mining (TSXV:BNZ) has a Beta of 2.3102 as of Jul. 01, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Bonanza Mining and its competitors.
Is Bonanza Mining's Beta too high?
Bonanza Mining's current Beta is 2.3102.
How does Bonanza Mining's Beta compare to HL?
Bonanza Mining's Beta of 2.3102 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Metals & Mining company?
A good Beta depends on the Metals & Mining industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Bonanza Mining and its competitors. Bonanza Mining's current Beta is 2.3102. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonanza Mining stock overvalued right now?
Bonanza Mining (TSXV:BNZ) has a current Beta of 2.3102. The current Beta is 2.3102. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Bonanza Mining (TSXV:BNZ), the current Beta is 2.3102 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bonanza Mining Business Description

Address 423 East 10th Street, North Vancouver, BC, CAN, V7L 2E5
Bonanza Mining Corp is engaged in the acquisition, exploration, and evaluation of mineral property interests located in British Columbia, Canada. The company holds interests in MC property, Shag property, and Frog property.