AU vs BTG vs PPTA Stock Comparison

AngloGold Ashanti, B2Gold and Perpetua Resources Prices as of Oct 29, 2026 Peers: Industry group
AU AngloGold Ashanti PLC
$85.06 -10.1% 1M +26.4% 1Y
Market cap
$42.96B
P/E
11.4x
Revenue (TTM)
$11.83B
Div. yield
5.31%
Gold Basic Materials
6 wins
BTG B2Gold Corp
$4.98 -6.7% 1M +4.4% 1Y
Market cap
$6.68B
P/E
8.1x
Revenue (TTM)
—
Div. yield
1.61%
Gold Basic Materials
3 wins

Head to Head

9 decided of 12

AngloGold Ashanti leads on 6 of the 12 questions below (AngloGold Ashanti 6, B2Gold 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAUBTGPPTALeader
Larger companyMarket capitalisation $42.96B $6.68B $2.26B AU
Cheaper on earningsLower P/E, profitable companies only 11.4x 8.1x -9.7x BTG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.0x 8.6x — BTG
Faster revenue growthRevenue growth, trailing twelve months +54.6% — — –
More profitableNet margin, trailing twelve months 32.2% — — –
Better return on capitalReturn on invested capital 40.5% 44.5% — BTG
Less leveragedLower net debt / EBITDA — 0.1x — –
Higher dividend yieldTrailing dividend yield 5.31% 1.61% — AU
Better 1-year returnPrice return, last 12 months +26.4% +4.4% -23.2% AU
Better 5-year returnAnnualised price return, 5 years +35.7%/yr +3.8%/yr +30.6%/yr AU
Less volatileAnnualised volatility, 1 year 60.2% 60.5% 73.2% AU
Higher overall scoreMean of the five percentile scores vs peers 81/100 76/100 30/100 AU

Percentile Scorecard

AUBTGPPTA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAUBTGPPTA
Valuation 76 #40 of 163 93 #13 of 163 16 #137 of 163
Growth 89 #17 of 148 84 #24 of 148 1 #147 of 148
Profitability 97 #5 of 123 96 #6 of 123 23 #95 of 123
Financial Health 49 #85 of 164 65 #58 of 164 93 #13 of 164
Shareholder Returns 97 #4 of 108 41 #64 of 108 16 #91 of 108
Overall 81 76 30
  • AU ranked among 176 companies in Metals and Mining
  • BTG ranked among 176 companies in Metals and Mining
  • PPTA ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAUBTGPPTASPY
1 month -10.1%-6.7%-16.1% +0.7%
3 months +3.3%+29.0%-4.5% +3.7%
6 months -9.2%+10.7%-34.6% +7.1%
Year to date -0.3%+10.4%-25.4% +12.8%
1 year +26.4%+4.4%-23.2% +11.9%
3 years +352.2%+53.7%+422.0% +85.2%
3 years, per year +65.4%+15.4%+73.5% +22.8%
5 years +360.3%+20.3%+279.4% +67.6%
5 years, per year +35.7%+3.8%+30.6% +10.9%
10 years +529.1%+79.1%— +262.0%
10 years, per year +20.2%+6.0%— +13.7%

Risk

MeasureAUBTGPPTASPY
Volatility, 1Y 60.2%60.5%73.2% 12.7%
Downside volatility, 1Y 62.0%60.6%74.4% 12.6%
Beta vs S&P 500, 1Y 2.212.143.02 1.00
Return / volatility, 1Y 0.440.07-0.32 0.94
Max drawdown, 5Y -52.8%-53.7%-70.6% -25.4%
From 52-week high -33.7%-19.8%-51.5% -1.2%
52-week high $128.26$6.21$37.22 $779.14
52-week low $63.61$3.64$16.44 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAUBTGPPTA
P/E now vs peer median 11.4xmedian 13.2x 8.1xmedian 13.2x -9.7xmedian 13.2x
P/S now vs peer median 3.6xmedian 3.1x —median 3.1x —median 3.1x
EV/EBITDA now vs peer median —median 7.2x 4.9xmedian 7.2x -6.4xmedian 7.2x
P/FCF now vs peer median 6.8xmedian 15.2x 6.7xmedian 15.2x -10.6xmedian 15.2x
P/B now vs peer median 4.8xmedian 2.2x 1.7xmedian 2.2x 3.1xmedian 2.2x
PEG now vs peer median —median 0.30 0.42median 0.30 0.16median 0.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAUBTGPPTA
Revenue $11.83B – –
Gross profit $6.48B $1.86B –
Operating income $4.91B $1.93B -$264.40M
Net income $4.48B $828.55M -$232.33M
Free cash flow $6.34B $1.00B -$213.26M
R&D $259.00M – $254.25M
EPS (diluted) $7.48 $0.55 $-1.86
Cash & equivalents $2.78B $286.58M $574.25M
Total debt $1.57B $2.06B –
Shares (diluted) 509.09M 1.48B 125.09M
Enterprise value $32.63B $5.20B -$144.53M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAUBTGPPTA
P/E 11.4x 8.1x -9.7x
P/FCF 6.8x 6.7x -10.6x
P/Operating cash flow 6.9x 6.7x -12.5x
P/S 3.6x – –
P/B 4.8x 1.7x 3.1x
P/Tangible book 4.8x 1.7x 3.1x
EV/EBITDA – 4.9x -6.4x
EV/EBIT 8.5x 3.5x -6.4x
EV/Revenue 3.5x – –
EV/FCF 6.6x 6.8x -7.9x
EV/Operating cash flow 6.7x 6.8x -9.3x
PEG (3Y EPS CAGR) – 0.42 0.16

Growth

14 metrics
MetricAUBTGPPTA
Revenue growth (1Y) 54.6% – –
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) 97.4% 107.1% –
Gross profit CAGR (3Y) – 35.3% –
Operating income growth (1Y) 165.2% 1,748% -351.9%
Operating income CAGR (3Y) – 46.0% -93.2%
Net income growth (1Y) 115.8% 298.7% -951.5%
Net income CAGR (3Y) – 33.4% -101.3%
EPS growth (1Y) 78.5% 272.5% -542.8%
EPS CAGR (3Y) – 19.0% -60.3%
Operating cash flow growth (1Y) 103.4% 86.2% -436.4%
Operating cash flow CAGR (3Y) – 9.5% -103.1%
Free cash flow growth (1Y) 108.6% 86.2% -493.7%
Free cash flow CAGR (3Y) – 9.5% -113.4%

Profitability

14 metrics
MetricAUBTGPPTA
Gross margin 54.8% – –
EBITDA margin – – –
Operating margin 41.5% – –
Pretax margin 51.7% – –
Net margin 32.2% – –
FCF margin 53.6% – –
Operating cash flow margin 52.3% – –
Return on equity 46.3% 44.1% -31.1%
Return on assets 28.7% 29.1% -29.4%
Return on invested capital 40.5% 44.5% –
Return on capital employed 35.2% – -34.5%
Asset turnover 0.8x – –
Cash conversion (OCF / net income) 1.4x 1.2x 0.8x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricAUBTGPPTA
Debt / assets 10.1% 7.9% –
Debt / equity 0.2x 0.1x –
Net debt / EBITDA – 0.1x –
Debt / FCF 0.2x 0.5x –
Liabilities / assets 42.4% 30.3% 6.9%
Equity / assets 57.6% 69.7% 93.1%
Interest coverage – 31.7x –
Current ratio 2.7x – 12.3x
Quick ratio 2.1x – 11.9x
Cash ratio 1.8x – 11.8x
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAUBTGPPTA
Dividend yield 5.3% 1.6% –
Net buyback yield – -3.6% -19.1%
Shareholder yield 5.3% -2.0% -19.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAUBTGPPTA
Forward P/E 10.0xFY2026 8.6xFY2026 –
EPS, next fiscal year $8.52FY2026 $0.58FY2026 $-1.20FY2026
EPS growth, next FY +58.7%FY2026 +26.1%FY2026 –
EPS growth, the year after +9.9% +51.7% –
Revenue, next fiscal year $11.81BFY2026 $3.59BFY2026 $0.00FY2026
Revenue growth, next FY +21.4%FY2026 +17.5%FY2026 –
Revenue growth, the year after +4.0% +25.6% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAUBTGPPTA
Held by institutions 45.9% 59.9% 67.2%
Institutions holding 564 301 255
Change in shares held, QoQ +3.0% +6.2% -1.6%
Institutions buying 324 155 128
Institutions selling 166 85 79
Buyers to sellers 1.95 1.82 1.62

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AUBTGPPTA
AU 1.00 0.78 0.75
BTG 0.78 1.00 0.70
PPTA 0.75 0.70 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AU, BTG and PPTA?

AngloGold Ashanti (AU) is the largest by market capitalisation: AngloGold Ashanti (AU) $42.96B, B2Gold (BTG) $6.68B, Perpetua Resources (PPTA) $2.26B.

Which stock is cheaper, AU, BTG and PPTA?

B2Gold (BTG) trades on the lowest price-to-earnings ratio (AngloGold Ashanti (AU) 11.4x, B2Gold (BTG) 8.1x, Perpetua Resources (PPTA) -9.7x). On next year's consensus earnings, B2Gold (BTG) is cheapest (AngloGold Ashanti (AU) 10.0x, B2Gold (BTG) 8.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which stock has performed better?

Over the past year AngloGold Ashanti (AU) returned the most: AngloGold Ashanti (AU) +26.4%, B2Gold (BTG) +4.4%, Perpetua Resources (PPTA) -23.2%. Over five years, AngloGold Ashanti (AU) compounded fastest (AngloGold Ashanti (AU) +35.7%/yr, B2Gold (BTG) +3.8%/yr, Perpetua Resources (PPTA) +30.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

AngloGold Ashanti (AU) has the highest dividend yield: AngloGold Ashanti (AU) 5.31%, B2Gold (BTG) 1.61%. Perpetua Resources (PPTA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, AngloGold Ashanti (AU) has been the steadiest (AngloGold Ashanti (AU) 60.2%, B2Gold (BTG) 60.5%, Perpetua Resources (PPTA) 73.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AU, BTG and PPTA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, AngloGold Ashanti (AU) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.