BTG vs KGC Stock Comparison

B2Gold and Kinross Gold Prices as of Oct 26, 2026 Peers: Industry group
BTG B2Gold Corp
$4.81 -12.1% 1M -7.7% 1Y
Market cap
$6.61B
P/E
8.1x
Revenue (TTM)
—
Div. yield
–
Gold Basic Materials
3 wins
KGC Kinross Gold Corp
$22.40 -10.6% 1M -6.4% 1Y
Market cap
$28.07B
P/E
9.0x
Revenue (TTM)
$8.47B
Div. yield
0.00%
Gold Basic Materials
6 wins

Head to Head

9 decided of 12

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

QuestionBTGKGCLeader
Larger companyMarket capitalisation $6.61B $28.07B KGC
Cheaper on earningsLower P/E, profitable companies only 8.1x 9.0x BTG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.3x 9.5x BTG
Faster revenue growthRevenue growth, trailing twelve months — +39.5% –
More profitableNet margin, trailing twelve months — 36.9% –
Better return on capitalReturn on invested capital 44.5% 40.9% BTG
Less leveragedLower net debt / EBITDA 0.1x -0.3x KGC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -7.7% -6.4% KGC
Better 5-year returnAnnualised price return, 5 years +1.6%/yr +28.5%/yr KGC
Less volatileAnnualised volatility, 1 year 60.4% 54.4% KGC
Higher overall scoreMean of the five percentile scores vs peers 76/100 81/100 KGC

Percentile Scorecard

BTGKGC

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

AxisBTGKGC
Valuation 94 #11 of 162 86 #24 of 162
Growth 84 #24 of 147 84 #25 of 147
Profitability 96 #6 of 122 99 #2 of 122
Financial Health 65 #59 of 165 73 #46 of 165
Shareholder Returns 42 #63 of 107 64 #39 of 107
Overall 76 81
  • BTG 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

PeriodBTGKGCSPY
1 month -12.1%-10.6% -0.8%
3 months +24.3%-6.3% +3.5%
6 months +5.9%-30.3% +7.0%
Year to date +6.7%-20.5% +12.2%
1 year -7.7%-6.4% +13.0%
3 years +48.0%+321.8% +86.3%
3 years, per year +14.0%+61.6% +23.1%
5 years +8.3%+250.0% +68.6%
5 years, per year +1.6%+28.5% +11.0%
10 years +71.8%+491.0% +258.0%
10 years, per year +5.6%+19.4% +13.6%

Risk

MeasureBTGKGCSPY
Volatility, 1Y 60.4%54.4% 12.7%
Downside volatility, 1Y 60.4%57.2% 12.7%
Beta vs S&P 500, 1Y 2.121.94 1.00
Return / volatility, 1Y -0.13-0.12 1.02
Max drawdown, 5Y -53.7%-56.0% -25.4%
From 52-week high -22.5%-41.2% -1.8%
52-week high $6.21$38.07 $779.14
52-week low $3.64$22.21 $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.

MultipleBTGKGC
P/E now vs peer median 7.8xmedian 12.8x 8.7xmedian 12.8x
P/S now vs peer median —median 3.1x 3.2xmedian 3.1x
EV/EBITDA now vs peer median 4.7xmedian 7.0x 4.5xmedian 7.0x
P/FCF now vs peer median 6.4xmedian 15.2x 6.8xmedian 15.2x
P/B now vs peer median 1.6xmedian 2.1x 2.7xmedian 2.1x
PEG now vs peer median 0.41median 0.29 0.08median 0.29

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 monthsBTGKGC
Revenue – $8.47B
Gross profit $1.86B $4.89B
Operating income $1.93B $4.46B
Net income $828.55M $3.23B
Free cash flow $1.00B $3.93B
R&D – $177.70M
EPS (diluted) $0.55 $2.55
Cash & equivalents $286.58M $2.66B
Total debt $2.06B $4.67B
Shares (diluted) 1.48B 1.22B
Enterprise value $5.09B $18.91B

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
MetricBTGKGC
P/E 7.8x 8.7x
P/FCF 6.4x 6.8x
P/Operating cash flow 6.4x 5.4x
P/S – 3.2x
P/B 1.6x 2.7x
P/Tangible book 1.6x 2.7x
EV/EBITDA 4.7x 4.5x
EV/EBIT 3.4x 5.6x
EV/Revenue – 3.0x
EV/FCF 6.6x 6.4x
EV/Operating cash flow 6.6x 5.1x
PEG (3Y EPS CAGR) 0.41 0.08

Growth

14 metrics
MetricBTGKGC
Revenue growth (1Y) – 39.5%
Revenue CAGR (3Y) – 28.9%
Gross profit growth (1Y) 107.1% 77.5%
Gross profit CAGR (3Y) 35.3% 87.4%
Operating income growth (1Y) 1,748% 86.2%
Operating income CAGR (3Y) 46.0% 137.5%
Net income growth (1Y) 298.7% 98.6%
Net income CAGR (3Y) 33.4% 48.0%
EPS growth (1Y) 272.5% 118.1%
EPS CAGR (3Y) 19.0% 112.1%
Operating cash flow growth (1Y) 86.2% 46.5%
Operating cash flow CAGR (3Y) 9.5% 47.9%
Free cash flow growth (1Y) 86.2% -11.6%
Free cash flow CAGR (3Y) 9.5% 27.1%

Profitability

14 metrics
MetricBTGKGC
Gross margin – 57.7%
EBITDA margin – 65.7%
Operating margin – 52.6%
Pretax margin – 52.4%
Net margin – 36.9%
FCF margin – 46.4%
Operating cash flow margin – 58.4%
Return on equity 44.1% 34.0%
Return on assets 29.1% 24.4%
Return on invested capital 44.5% 40.9%
Return on capital employed – –
Asset turnover – 0.6x
Cash conversion (OCF / net income) 1.2x 1.5x
Stock comp / revenue – 0.2%

Financial Health

11 metrics
MetricBTGKGC
Debt / assets 7.9% 5.9%
Debt / equity 0.1x 0.1x
Net debt / EBITDA 0.1x -0.3x
Debt / FCF 0.5x 0.2x
Liabilities / assets 30.3% 28.1%
Equity / assets 69.7% 71.9%
Interest coverage 31.7x 27.8x
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricBTGKGC
Dividend yield 1.7% 0.7%
Net buyback yield -3.8% 1.1%
Shareholder yield -2.1% 1.8%
Payout ratio (earnings) – 4.0%
Payout ratio (FCF) – 3.3%
Dividend growth (1Y) – -11.8%
Dividend CAGR (3Y) – -6.3%

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.

ConsensusBTGKGC
Forward P/E 8.3xFY2026 9.5xFY2026
EPS, next fiscal year $0.58FY2026 $2.36FY2026
EPS growth, next FY +26.1%FY2026 +29.0%FY2026
EPS growth, the year after +51.7% +6.8%
Revenue, next fiscal year $3.59BFY2026 $8.30BFY2026
Revenue growth, next FY +17.5%FY2026 +18.1%FY2026
Revenue growth, the year after +25.6% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTGKGC
Held by institutions 59.9% 59.3%
Institutions holding 301 640
Change in shares held, QoQ +6.2% +0.7%
Institutions buying 155 313
Institutions selling 85 224
Buyers to sellers 1.82 1.40

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.

BTGKGC
BTG 1.00 0.80
KGC 0.80 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BTG and KGC?

Kinross Gold (KGC) is the largest by market capitalisation: B2Gold (BTG) $6.61B, Kinross Gold (KGC) $28.07B.

Which stock is cheaper, BTG and KGC?

B2Gold (BTG) trades on the lowest price-to-earnings ratio (B2Gold (BTG) 8.1x, Kinross Gold (KGC) 9.0x). On next year's consensus earnings, B2Gold (BTG) is cheapest (B2Gold (BTG) 8.3x, Kinross Gold (KGC) 9.5x). 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 Kinross Gold (KGC) returned the most: B2Gold (BTG) -7.7%, Kinross Gold (KGC) -6.4%. Over five years, Kinross Gold (KGC) compounded fastest (B2Gold (BTG) +1.6%/yr, Kinross Gold (KGC) +28.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: B2Gold (BTG) 0.00%, Kinross Gold (KGC) 0.00%. B2Gold (BTG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Kinross Gold (KGC) has been the steadiest (B2Gold (BTG) 60.4%, Kinross Gold (KGC) 54.4%). Volatility measures how widely the price swings, not the risk of the business.

Do BTG and KGC move together?

Their daily returns over the past year have a correlation of 0.80, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, BTG 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, Kinross Gold (KGC) 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.