BTG vs EQX vs IAG Stock Comparison

B2Gold, Equinox Gold and Iamgold Prices as of Nov 5, 2026 Peers: Industry group
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BTG B2Gold Corp
$5.28 +1.5% 1M +31.0% 1Y
Market cap
$7.09B
P/E
5.9x
Revenue (TTM)
—
Div. yield
–
Gold Basic Materials
3 wins
EQX Equinox Gold Corp.
$11.28 -0.7% 1M +6.4% 1Y
Market cap
$7.02B
P/E
14.2x
Revenue (TTM)
$2.65B
Div. yield
–
Gold Basic Materials
1 win
IAG Iamgold Corp
$17.46 -6.0% 1M +46.5% 1Y
Market cap
$10.25B
P/E
6.4x
Revenue (TTM)
$3.83B
Div. yield
–
Gold Basic Materials
6 wins

Head to Head

10 decided of 12

Iamgold leads on 6 of the 12 questions below (Iamgold 6, B2Gold 3, Equinox Gold 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBTGEQXIAGLeader
Larger companyMarket capitalisation $7.09B $7.02B $10.25B IAG
Cheaper on earningsLower P/E, profitable companies only 5.9x 14.2x 6.4x BTG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.1x 11.2x 9.5x BTG
Faster revenue growthRevenue growth, trailing twelve months — +118.2% +71.5% EQX
More profitableNet margin, trailing twelve months — 18.6% 41.9% IAG
Better return on capitalReturn on invested capital — 11.6% — –
Less leveragedLower net debt / EBITDA 0.1x 0.1x -0.1x IAG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +31.0% +6.4% +46.5% IAG
Better 5-year returnAnnualised price return, 5 years +3.9%/yr +7.7%/yr +42.0%/yr IAG
Less volatileAnnualised volatility, 1 year 60.5% 63.7% 64.2% BTG
Higher overall scoreMean of the five percentile scores vs peers 74/100 72/100 92/100 IAG

Percentile Scorecard

BTGEQXIAG

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

AxisBTGEQXIAG
Valuation 99 #2 of 169 78 #38 of 169 98 #5 of 169
Growth 84 #25 of 153 100 #1 of 153 98 #4 of 153
Profitability – 75 #31 of 123 100 #1 of 123
Financial Health 68 #53 of 165 63 #61 of 165 72 #47 of 165
Shareholder Returns 44 #65 of 116 41 #69 of 116 –
Overall 74 72 92
  • BTG ranked among 177 companies in Metals and Mining
  • EQX ranked among 177 companies in Metals and Mining
  • IAG ranked among 177 companies in Metals and Mining

Price Performance

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

Returns

PeriodBTGEQXIAGSPY
1 month +1.5%-0.7%-6.0% -5.9%
3 months +29.1%+4.8%+9.0% -4.6%
6 months +6.7%-21.5%-4.8% +0.2%
Year to date +17.1%-19.7%+5.9% +7.5%
1 year +31.0%+6.4%+46.5% +8.2%
3 years +58.6%+133.1%+595.6% +68.3%
3 years, per year +16.6%+32.6%+91.0% +19.0%
5 years +20.8%+45.2%+476.2% +56.5%
5 years, per year +3.9%+7.7%+42.0% +9.4%
10 years +82.7%+58.9%+314.7% +251.5%
10 years, per year +6.2%+4.7%+15.3% +13.4%

Risk

MeasureBTGEQXIAGSPY
Volatility, 1Y 60.5%63.7%64.2% 13.6%
Downside volatility, 1Y 59.4%65.1%65.4% 14.2%
Beta vs S&P 500, 1Y 1.911.942.12 1.00
Return / volatility, 1Y 0.510.100.72 0.60
Max drawdown, 5Y -53.7%-71.6%-73.6% -25.4%
From 52-week high -15.0%-39.9%-28.9% -5.9%
52-week high $6.21$18.76$24.57 $779.14
52-week low $3.64$8.61$11.92 $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.

MultipleBTGEQXIAG
P/E now vs peer median 5.8xmedian 12.9x 14.4xmedian 12.9x 6.2xmedian 12.9x
P/S now vs peer median —median 3.1x 3.3xmedian 3.1x 2.7xmedian 3.1x
EV/EBITDA now vs peer median 3.9xmedian 7.6x 7.0xmedian 7.6x 3.9xmedian 7.6x
P/FCF now vs peer median 5.1xmedian 12.2x —median 12.2x 5.2xmedian 12.2x
P/B now vs peer median —median 2.2x 1.4xmedian 2.2x —median 2.2x
PEG now vs peer median 0.13median 0.19 0.10median 0.19 0.04median 0.19

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 monthsBTGEQXIAG
Revenue – $2.65B $3.83B
Gross profit $1.84B $1.36B $1.99B
Operating income $2.20B $770.10M $2.10B
Net income $1.22B $1.74B $1.44B
Free cash flow $1.39B – $2.00B
R&D – $28.93M $29.70M
EPS (diluted) $0.81 $0.78 $2.76
Cash & equivalents $293.59M $317.78M $766.60M
Total debt $546.20M $553.95M $449.20M
Shares (diluted) 1.48B 630.31M 581.70M
Enterprise value $5.65B $4.97B $8.01B

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
MetricBTGEQXIAG
P/E 5.8x 14.4x 6.2x
P/FCF 5.1x – 5.2x
P/Operating cash flow 7.2x – 4.7x
P/S – 3.3x 2.7x
P/B – 1.4x –
P/Tangible book – 1.4x –
EV/EBITDA 3.9x 7.0x 3.9x
EV/EBIT 3.3x 11.6x 4.8x
EV/Revenue – 3.4x 2.6x
EV/FCF 5.3x – 5.0x
EV/Operating cash flow 7.4x – 4.6x
PEG (3Y EPS CAGR) 0.13 0.10 0.04

Growth

14 metrics
MetricBTGEQXIAG
Revenue growth (1Y) – 118.2% 71.5%
Revenue CAGR (3Y) – 37.9% 62.3%
Gross profit growth (1Y) 59.1% 331.5% 167.0%
Gross profit CAGR (3Y) 30.0% 152.5% 176.1%
Operating income growth (1Y) 119.7% 382.3% 53.8%
Operating income CAGR (3Y) 54.6% 260.7% 366.1%
Net income growth (1Y) 414.1% 638.7% 187.1%
Net income CAGR (3Y) 53.7% 385.5% 153.6%
EPS growth (1Y) 361.4% 372.4% 277.5%
EPS CAGR (3Y) 45.2% 149.9% 155.1%
Operating cash flow growth (1Y) 35.0% – 270.9%
Operating cash flow CAGR (3Y) 8.1% – 84.4%
Free cash flow growth (1Y) 196.0% – 120.8%
Free cash flow CAGR (3Y) 21.4% – 106.3%

Profitability

14 metrics
MetricBTGEQXIAG
Gross margin – 51.4% 51.8%
EBITDA margin – 48.0% 67.7%
Operating margin – 29.1% 54.9%
Pretax margin – 27.9% 53.8%
Net margin – 18.6% 41.9%
FCF margin – – 52.1%
Operating cash flow margin – – 56.8%
Return on equity – 16.5% –
Return on assets – 9.9% –
Return on invested capital – 11.6% –
Return on capital employed – – –
Asset turnover – 0.4x –
Cash conversion (OCF / net income) 0.8x – 1.5x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricBTGEQXIAG
Debt / assets – 5.7% –
Debt / equity – 0.1x –
Net debt / EBITDA 0.1x 0.1x -0.1x
Debt / FCF 0.4x – 0.2x
Liabilities / assets – 35.0% –
Equity / assets – 65.0% –
Interest coverage 31.2x 23.8x 12.3x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBTGEQXIAG
Dividend yield 1.5% 0.4% –
Net buyback yield -3.5% – –
Shareholder yield -1.9% 0.4% 0.0%
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.

ConsensusBTGEQXIAG
Forward P/E 9.1xFY2026 11.2xFY2026 9.5xFY2026
EPS, next fiscal year $0.58FY2026 $1.01FY2026 $1.84FY2026
EPS growth, next FY +26.1%FY2026 +50.7%FY2026 +50.8%FY2026
EPS growth, the year after +48.3% +29.7% +11.4%
Revenue, next fiscal year $3.61BFY2026 $4.21BFY2026 $3.57BFY2026
Revenue growth, next FY +18.1%FY2026 +131.2%FY2026 +25.8%FY2026
Revenue growth, the year after +23.6% +32.2% +3.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTGEQXIAG
Held by institutions – 70.9% 0.0%
Institutions holding – 328 1
Change in shares held, QoQ – +0.5% –
Institutions buying – 185 0
Institutions selling – 88 0
Buyers to sellers – 2.10 –

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.

BTGEQXIAG
BTG 1.00 0.78 0.84
EQX 0.78 1.00 0.88
IAG 0.84 0.88 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BTG, EQX and IAG?

Iamgold (IAG) is the largest by market capitalisation: B2Gold (BTG) $7.09B, Equinox Gold (EQX) $7.02B, Iamgold (IAG) $10.25B.

Which stock is cheaper, BTG, EQX and IAG?

B2Gold (BTG) trades on the lowest price-to-earnings ratio (B2Gold (BTG) 5.9x, Equinox Gold (EQX) 14.2x, Iamgold (IAG) 6.4x). On next year's consensus earnings, B2Gold (BTG) is cheapest (B2Gold (BTG) 9.1x, Equinox Gold (EQX) 11.2x, Iamgold (IAG) 9.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Equinox Gold (EQX) grew revenue fastest over the trailing twelve months: Equinox Gold (EQX) +118.2%, Iamgold (IAG) +71.5%.

Which company is more profitable?

Iamgold (IAG) has the highest net margin (Equinox Gold (EQX) 18.6%, Iamgold (IAG) 41.9%).

Which stock has performed better?

Over the past year Iamgold (IAG) returned the most: B2Gold (BTG) +31.0%, Equinox Gold (EQX) +6.4%, Iamgold (IAG) +46.5%. Over five years, Iamgold (IAG) compounded fastest (B2Gold (BTG) +3.9%/yr, Equinox Gold (EQX) +7.7%/yr, Iamgold (IAG) +42.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, B2Gold (BTG) has been the steadiest (B2Gold (BTG) 60.5%, Equinox Gold (EQX) 63.7%, Iamgold (IAG) 64.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BTG, EQX and IAG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Iamgold (IAG) 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.