BTG vs BVN vs KGC Stock Comparison

B2Gold, Buenaventura Mining and Kinross Gold Prices as of Oct 29, 2026 Peers: Industry group
BTG B2Gold Corp
$4.98 -6.7% 1M +4.4% 1Y
Market cap
$6.04B
P/E
7.4x
Revenue (TTM)
—
Div. yield
–
Gold Basic Materials
2 wins
KGC Kinross Gold Corp
$21.58 -11.3% 1M -6.6% 1Y
Market cap
$24.32B
P/E
7.7x
Revenue (TTM)
$8.44B
Div. yield
0.00%
Gold Basic Materials
4 wins

Head to Head

11 decided of 12

Buenaventura Mining leads on 5 of the 12 questions below (Buenaventura Mining 5, Kinross Gold 4, B2Gold 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBTGBVNKGCLeader
Larger companyMarket capitalisation $6.04B $6.65B $24.32B KGC
Cheaper on earningsLower P/E, profitable companies only 7.4x 7.6x 7.7x BTG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.6x 6.4x 9.1x BVN
Faster revenue growthRevenue growth, trailing twelve months — +75.7% +31.0% BVN
More profitableNet margin, trailing twelve months — 60.4% 37.6% BVN
Better return on capitalReturn on invested capital 44.5% — 41.6% BTG
Less leveragedLower net debt / EBITDA 0.1x — -0.3x KGC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +4.4% +23.6% -6.6% BVN
Better 5-year returnAnnualised price return, 5 years +3.8%/yr +28.4%/yr +29.2%/yr KGC
Less volatileAnnualised volatility, 1 year 60.5% 52.8% 54.7% BVN
Higher overall scoreMean of the five percentile scores vs peers 76/100 74/100 78/100 KGC

Percentile Scorecard

BTGBVNKGC

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

AxisBTGBVNKGC
Valuation 93 #13 of 163 61 #65 of 163 90 #17 of 163
Growth 84 #24 of 148 86 #22 of 148 82 #27 of 148
Profitability 96 #6 of 123 79 #27 of 123 99 #2 of 123
Financial Health 65 #58 of 164 55 #75 of 164 76 #40 of 164
Shareholder Returns 41 #64 of 108 89 #13 of 108 40 #65 of 108
Overall 76 74 78
  • BTG ranked among 176 companies in Metals and Mining
  • BVN ranked among 176 companies in Metals and Mining
  • KGC 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

PeriodBTGBVNKGCSPY
1 month -6.7%-13.8%-11.3% +0.7%
3 months +29.0%-13.8%-8.7% +3.7%
6 months +10.7%-15.6%-28.6% +7.1%
Year to date +10.4%-1.1%-23.4% +12.8%
1 year +4.4%+23.6%-6.6% +11.9%
3 years +53.7%+234.0%+309.5% +85.2%
3 years, per year +15.4%+49.5%+60.0% +22.8%
5 years +20.3%+249.2%+259.1% +67.6%
5 years, per year +3.8%+28.4%+29.2% +10.9%
10 years +79.1%+113.2%+477.0% +262.0%
10 years, per year +6.0%+7.9%+19.2% +13.7%

Risk

MeasureBTGBVNKGCSPY
Volatility, 1Y 60.5%52.8%54.7% 12.7%
Downside volatility, 1Y 60.6%56.9%57.4% 12.6%
Beta vs S&P 500, 1Y 2.141.881.96 1.00
Return / volatility, 1Y 0.070.45-0.12 0.94
Max drawdown, 5Y -53.7%-54.0%-56.0% -25.4%
From 52-week high -19.8%-37.0%-43.3% -1.2%
52-week high $6.21$43.67$38.07 $779.14
52-week low $3.64$21.16$21.58 $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.

MultipleBTGBVNKGC
P/E now vs peer median 8.1xmedian 13.2x 8.0xmedian 13.2x 8.3xmedian 13.2x
P/S now vs peer median —median 3.1x 4.8xmedian 3.1x 3.1xmedian 3.1x
EV/EBITDA now vs peer median 4.9xmedian 7.2x —median 7.2x 4.4xmedian 7.2x
P/FCF now vs peer median 6.7xmedian 15.2x 66.9xmedian 15.2x 4.7xmedian 15.2x
P/B now vs peer median 1.7xmedian 2.2x 1.6xmedian 2.2x 2.6xmedian 2.2x
PEG now vs peer median 0.42median 0.30 0.61median 0.30 0.07median 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 monthsBTGBVNKGC
Revenue – $1.45B $8.44B
Gross profit $1.86B – $4.90B
Operating income $1.93B $349.40M $4.47B
Net income $828.55M $646.41M $3.21B
Free cash flow $1.00B – $5.48B
R&D – – $170.00M
EPS (diluted) $0.55 $1.08 $2.59
Cash & equivalents $286.58M $529.84M $2.64B
Total debt $2.06B $700.74M $816.70M
Shares (diluted) 1.48B 811.63M 1.22B
Enterprise value $4.53B $4.28B $14.24B

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
MetricBTGBVNKGC
P/E 8.1x 8.0x 8.3x
P/FCF 6.7x 66.9x 4.7x
P/Operating cash flow 6.7x – 5.5x
P/S – 4.8x 3.1x
P/B 1.7x 1.6x 2.6x
P/Tangible book 1.7x 1.6x 2.6x
EV/EBITDA 4.9x – 4.4x
EV/EBIT 3.5x 19.3x 5.4x
EV/Revenue – 4.6x 2.9x
EV/FCF 6.8x – 4.4x
EV/Operating cash flow 6.8x – 5.1x
PEG (3Y EPS CAGR) 0.42 0.61 0.07

Growth

14 metrics
MetricBTGBVNKGC
Revenue growth (1Y) – 75.7% 31.0%
Revenue CAGR (3Y) – 39.5% 26.2%
Gross profit growth (1Y) 107.1% – 61.9%
Gross profit CAGR (3Y) 35.3% – 79.0%
Operating income growth (1Y) 1,748% 252.6% 68.2%
Operating income CAGR (3Y) 46.0% 122.1% 115.3%
Net income growth (1Y) 298.7% 55.3% 74.0%
Net income CAGR (3Y) 33.4% 0.6% 56.0%
EPS growth (1Y) 272.5% 58.4% 91.2%
EPS CAGR (3Y) 19.0% 13.2% 119.3%
Operating cash flow growth (1Y) 86.2% – 27.4%
Operating cash flow CAGR (3Y) 9.5% – 38.4%
Free cash flow growth (1Y) 86.2% – 31.1%
Free cash flow CAGR (3Y) 9.5% – 34.6%

Profitability

14 metrics
MetricBTGBVNKGC
Gross margin – – 58.0%
EBITDA margin – – 65.2%
Operating margin – 24.1% 52.9%
Pretax margin – 55.1% 52.3%
Net margin – 60.4% 37.6%
FCF margin – – 64.9%
Operating cash flow margin – – 55.9%
Return on equity 44.1% 16.5% 32.3%
Return on assets 29.1% 11.7% 23.3%
Return on invested capital 44.5% – 41.6%
Return on capital employed – 7.0% –
Asset turnover – 0.3x 0.6x
Cash conversion (OCF / net income) 1.2x – 1.5x
Stock comp / revenue – – 0.2%

Financial Health

11 metrics
MetricBTGBVNKGC
Debt / assets 7.9% 11.6% 5.9%
Debt / equity 0.1x 0.2x 0.1x
Net debt / EBITDA 0.1x – -0.3x
Debt / FCF 0.5x – 0.1x
Liabilities / assets 30.3% 29.1% 27.6%
Equity / assets 69.7% 70.9% 72.4%
Interest coverage 31.7x – 171.8x
Current ratio – 2.0x –
Quick ratio – 3.8x –
Cash ratio – 1.7x –
Altman Z-score – 3.61 –

Shareholder Returns

7 metrics
MetricBTGBVNKGC
Dividend yield 1.6% 4.1% 0.7%
Net buyback yield -3.6% – -1.6%
Shareholder yield -2.0% 4.1% -0.9%
Payout ratio (earnings) – – 3.1%
Payout ratio (FCF) – – 1.8%
Dividend growth (1Y) – – -145.6%
Dividend CAGR (3Y) – – -38.0%

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.

ConsensusBTGBVNKGC
Forward P/E 8.6xFY2026 6.4xFY2026 9.1xFY2026
EPS, next fiscal year $0.58FY2026 $4.31FY2026 $2.36FY2026
EPS growth, next FY +26.1%FY2026 +39.9%FY2026 +29.0%FY2026
EPS growth, the year after +51.7% -8.8% +6.8%
Revenue, next fiscal year $3.59BFY2026 $2.16BFY2026 $8.30BFY2026
Revenue growth, next FY +17.5%FY2026 +24.9%FY2026 +18.1%FY2026
Revenue growth, the year after +25.6% +10.9% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTGBVNKGC
Held by institutions 59.9% 44.5% –
Institutions holding 301 274 –
Change in shares held, QoQ +6.2% -0.7% –
Institutions buying 155 143 –
Institutions selling 85 100 –
Buyers to sellers 1.82 1.43 –

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.

BTGBVNKGC
BTG 1.00 0.71 0.80
BVN 0.71 1.00 0.78
KGC 0.80 0.78 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BTG, BVN and KGC?

Kinross Gold (KGC) is the largest by market capitalisation: B2Gold (BTG) $6.04B, Buenaventura Mining (BVN) $6.65B, Kinross Gold (KGC) $24.32B.

Which stock is cheaper, BTG, BVN and KGC?

B2Gold (BTG) trades on the lowest price-to-earnings ratio (B2Gold (BTG) 7.4x, Buenaventura Mining (BVN) 7.6x, Kinross Gold (KGC) 7.7x). On next year's consensus earnings, Buenaventura Mining (BVN) is cheapest (B2Gold (BTG) 8.6x, Buenaventura Mining (BVN) 6.4x, Kinross Gold (KGC) 9.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Buenaventura Mining (BVN) grew revenue fastest over the trailing twelve months: Buenaventura Mining (BVN) +75.7%, Kinross Gold (KGC) +31.0%.

Which company is more profitable?

Buenaventura Mining (BVN) has the highest net margin (Buenaventura Mining (BVN) 60.4%, Kinross Gold (KGC) 37.6%). On return on invested capital, B2Gold (BTG) leads (B2Gold (BTG) 44.5%, Kinross Gold (KGC) 41.6%).

Which stock has performed better?

Over the past year Buenaventura Mining (BVN) returned the most: B2Gold (BTG) +4.4%, Buenaventura Mining (BVN) +23.6%, Kinross Gold (KGC) -6.6%. Over five years, Kinross Gold (KGC) compounded fastest (B2Gold (BTG) +3.8%/yr, Buenaventura Mining (BVN) +28.4%/yr, Kinross Gold (KGC) +29.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Buenaventura Mining (BVN) has been the steadiest (B2Gold (BTG) 60.5%, Buenaventura Mining (BVN) 52.8%, Kinross Gold (KGC) 54.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BTG, BVN and KGC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Buenaventura Mining (BVN) leads on 5. 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.