BTG vs NEM vs B Stock Comparison

B2Gold, Newmont and Barrick Mining Prices as of Oct 26, 2026 Peers: Industry group
BTG B2Gold Corp
$4.81 -12.1% 1M -7.7% 1Y
Market cap
$6.58B
P/E
8.0x
Revenue (TTM)
—
Div. yield
–
Gold Basic Materials
3 wins
NEM NEWMONT Corp /DE/
$110.38 -9.1% 1M +32.4% 1Y
Market cap
$117.92B
P/E
12.8x
Revenue (TTM)
$26.61B
Div. yield
0.01%
Gold Basic Materials
4 wins
B Barrick Mining Corp
$38.23 -10.8% 1M +17.7% 1Y
Market cap
$66.83B
P/E
10.2x
Revenue (TTM)
$20.66B
Div. yield
0.01%
Gold Basic Materials
5 wins

Head to Head

12 decided of 12

Barrick Mining leads on 5 of the 12 questions below (Barrick Mining 5, Newmont 4, B2Gold 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBTGNEMBLeader
Larger companyMarket capitalisation $6.58B $117.92B $66.83B NEM
Cheaper on earningsLower P/E, profitable companies only 8.0x 12.8x 10.2x BTG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.3x 11.5x 10.2x BTG
Faster revenue growthRevenue growth, trailing twelve months — +23.7% +49.4% B
More profitableNet margin, trailing twelve months — 34.7% 31.6% NEM
Better return on capitalReturn on invested capital 44.5% 8.6% 24.8% BTG
Less leveragedLower net debt / EBITDA 0.1x -0.5x -0.1x NEM
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.01% B
Better 1-year returnPrice return, last 12 months -7.7% +32.4% +17.7% NEM
Better 5-year returnAnnualised price return, 5 years +1.6%/yr +13.9%/yr +14.6%/yr B
Less volatileAnnualised volatility, 1 year 60.4% 48.0% 46.9% B
Higher overall scoreMean of the five percentile scores vs peers 76/100 71/100 78/100 B

Percentile Scorecard

BTGNEMB

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

AxisBTGNEMB
Valuation 94 #11 of 162 72 #46 of 162 86 #23 of 162
Growth 84 #24 of 147 83 #26 of 147 90 #15 of 147
Profitability 96 #6 of 122 84 #21 of 122 93 #9 of 122
Financial Health 65 #59 of 165 54 #77 of 165 52 #79 of 165
Shareholder Returns 42 #63 of 107 65 #38 of 107 70 #33 of 107
Overall 76 71 78
  • BTG ranked among 176 companies in Metals and Mining
  • NEM ranked among 176 companies in Metals and Mining
  • B 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

PeriodBTGNEMBSPY
1 month -12.1%-9.1%-10.8% -0.8%
3 months +24.3%+18.1%+2.3% +3.5%
6 months +5.9%-4.9%-6.0% +7.0%
Year to date +6.7%+10.5%-12.2% +12.2%
1 year -7.7%+32.4%+17.7% +13.0%
3 years +48.0%+183.2%+134.1% +86.3%
3 years, per year +14.0%+41.5%+32.8% +23.1%
5 years +8.3%+91.8%+97.2% +68.6%
5 years, per year +1.6%+13.9%+14.6% +11.0%
10 years +71.8%+205.1%+129.6% +258.0%
10 years, per year +5.6%+11.8%+8.7% +13.6%

Risk

MeasureBTGNEMBSPY
Volatility, 1Y 60.4%48.0%46.9% 12.7%
Downside volatility, 1Y 60.4%51.3%50.3% 12.7%
Beta vs S&P 500, 1Y 2.121.791.79 1.00
Return / volatility, 1Y -0.130.670.38 1.02
Max drawdown, 5Y -53.7%-65.0%-48.8% -25.4%
From 52-week high -22.5%-18.3%-27.8% -1.8%
52-week high $6.21$135.14$52.98 $779.14
52-week low $3.64$78.63$31.67 $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.

MultipleBTGNEMB
P/E now vs peer median 7.8xmedian 12.8x 12.5xmedian 12.8x 10.0xmedian 12.8x
P/S now vs peer median —median 3.1x 4.3xmedian 3.1x 3.1xmedian 3.1x
EV/EBITDA now vs peer median 4.7xmedian 7.0x 13.6xmedian 7.0x 4.8xmedian 7.0x
P/FCF now vs peer median 6.4xmedian 15.2x 11.4xmedian 15.2x 5.7xmedian 15.2x
P/B now vs peer median 1.6xmedian 2.1x 3.2xmedian 2.1x 2.3xmedian 2.1x
PEG now vs peer median 0.41median 0.29 0.10median 0.29 0.03median 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 monthsBTGNEMB
Revenue – $26.61B $20.66B
Gross profit $1.86B $18.41B $11.56B
Operating income $1.93B $5.60B $10.94B
Net income $828.55M $9.44B $9.49B
Free cash flow $1.00B $10.07B $11.25B
R&D – $193.00M $481.00M
EPS (diluted) $0.55 $8.79 $3.82
Cash & equivalents $286.58M $8.83B $5.93B
Total debt $2.06B $5.09B $18.98B
Shares (diluted) 1.48B 1.05B 1.71B
Enterprise value $5.07B $83.06B $42.03B

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
MetricBTGNEMB
P/E 7.8x 12.5x 10.0x
P/FCF 6.4x 11.4x 5.7x
P/Operating cash flow 6.4x 8.8x 6.8x
P/S – 4.3x 3.1x
P/B 1.6x 3.2x 2.3x
P/Tangible book 1.6x 3.2x 2.4x
EV/EBITDA 4.7x 13.6x 4.8x
EV/EBIT 3.4x 19.8x 5.7x
EV/Revenue – 4.2x 3.0x
EV/FCF 6.6x 11.0x 5.6x
EV/Operating cash flow 6.6x 8.5x 6.7x
PEG (3Y EPS CAGR) 0.41 0.10 0.03

Growth

14 metrics
MetricBTGNEMB
Revenue growth (1Y) – 23.7% 49.4%
Revenue CAGR (3Y) – 34.0% 24.2%
Gross profit growth (1Y) 107.1% 41.0% 89.0%
Gross profit CAGR (3Y) 35.3% 55.7% 56.9%
Operating income growth (1Y) 1,748% 298.7% 111.0%
Operating income CAGR (3Y) 46.0% 45.7% 62.3%
Net income growth (1Y) 298.7% 30.4% 137.0%
Net income CAGR (3Y) 33.4% 136.8% 196.2%
EPS growth (1Y) 272.5% 34.6% 142.2%
EPS CAGR (3Y) 19.0% 119.7% 332.2%
Operating cash flow growth (1Y) 86.2% 42.0% 84.0%
Operating cash flow CAGR (3Y) 9.5% 60.7% 43.8%
Free cash flow growth (1Y) 86.2% 64.6% 69.3%
Free cash flow CAGR (3Y) 9.5% 136.1% 33.2%

Profitability

14 metrics
MetricBTGNEMB
Gross margin – 69.2% 56.0%
EBITDA margin – 30.6% 63.2%
Operating margin – 21.0% 53.0%
Pretax margin – 52.8% 58.9%
Net margin – 34.7% 31.6%
FCF margin – 37.9% 54.4%
Operating cash flow margin – 49.2% 45.5%
Return on equity 44.1% 26.5% 29.6%
Return on assets 29.1% 16.3% 18.1%
Return on invested capital 44.5% 8.6% 24.8%
Return on capital employed – 10.7% 22.2%
Asset turnover – 0.5x 0.4x
Cash conversion (OCF / net income) 1.2x 1.4x 1.0x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricBTGNEMB
Debt / assets 7.9% 8.7% 8.9%
Debt / equity 0.1x 0.1x 0.2x
Net debt / EBITDA 0.1x -0.5x -0.1x
Debt / FCF 0.5x 0.5x 0.4x
Liabilities / assets 30.3% 38.4% 47.8%
Equity / assets 69.7% 61.6% 52.2%
Interest coverage 31.7x – 63.6x
Current ratio – 2.5x 3.0x
Quick ratio – 1.9x 2.1x
Cash ratio – 1.6x 1.9x
Altman Z-score – 4.18 2.78

Shareholder Returns

7 metrics
MetricBTGNEMB
Dividend yield 1.7% 0.9% 2.4%
Net buyback yield -3.8% 4.9% 0.2%
Shareholder yield -2.1% 5.9% 2.6%
Payout ratio (earnings) – 11.7% 8.5%
Payout ratio (FCF) – 10.9% 7.2%
Dividend growth (1Y) – -1.2% -7.5%
Dividend CAGR (3Y) – -7.4% -0.1%

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.

ConsensusBTGNEMB
Forward P/E 8.3xFY2026 11.5xFY2026 10.2xFY2026
EPS, next fiscal year $0.58FY2026 $9.57FY2026 $3.75FY2026
EPS growth, next FY +26.1%FY2026 +38.9%FY2026 +55.6%FY2026
EPS growth, the year after +51.7% +10.1% +14.4%
Revenue, next fiscal year $3.59BFY2026 $24.82BFY2026 $20.23BFY2026
Revenue growth, next FY +17.5%FY2026 +9.5%FY2026 +19.7%FY2026
Revenue growth, the year after +25.6% +20.0% +24.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTGNEMB
Held by institutions 59.9% 77.2% 58.0%
Institutions holding 301 1,786 1,005
Change in shares held, QoQ +6.2% +1.5% -4.7%
Institutions buying 155 841 486
Institutions selling 85 719 337
Buyers to sellers 1.82 1.17 1.44

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.

BTGNEMB
BTG 1.00 0.78 0.78
NEM 0.78 1.00 0.88
B 0.78 0.88 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BTG, NEM and B?

Newmont (NEM) is the largest by market capitalisation: B2Gold (BTG) $6.58B, Newmont (NEM) $117.92B, Barrick Mining (B) $66.83B.

Which stock is cheaper, BTG, NEM and B?

B2Gold (BTG) trades on the lowest price-to-earnings ratio (B2Gold (BTG) 8.0x, Newmont (NEM) 12.8x, Barrick Mining (B) 10.2x). On next year's consensus earnings, B2Gold (BTG) is cheapest (B2Gold (BTG) 8.3x, Newmont (NEM) 11.5x, Barrick Mining (B) 10.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Barrick Mining (B) grew revenue fastest over the trailing twelve months: Newmont (NEM) +23.7%, Barrick Mining (B) +49.4%.

Which company is more profitable?

Newmont (NEM) has the highest net margin (Newmont (NEM) 34.7%, Barrick Mining (B) 31.6%). On return on invested capital, B2Gold (BTG) leads (B2Gold (BTG) 44.5%, Newmont (NEM) 8.6%, Barrick Mining (B) 24.8%).

Which stock has performed better?

Over the past year Newmont (NEM) returned the most: B2Gold (BTG) -7.7%, Newmont (NEM) +32.4%, Barrick Mining (B) +17.7%. Over five years, Barrick Mining (B) compounded fastest (B2Gold (BTG) +1.6%/yr, Newmont (NEM) +13.9%/yr, Barrick Mining (B) +14.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Barrick Mining (B) has the highest dividend yield: B2Gold (BTG) 0.00%, Newmont (NEM) 0.01%, Barrick Mining (B) 0.01%. B2Gold (BTG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Barrick Mining (B) has been the steadiest (B2Gold (BTG) 60.4%, Newmont (NEM) 48.0%, Barrick Mining (B) 46.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BTG, NEM and B?

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