IAG vs BTG vs EQX Stock Comparison

Iamgold, B2Gold and Equinox Gold Prices as of Oct 26, 2026 Peers: Industry group
IAG Iamgold Corp
$16.35 -17.0% 1M +37.6% 1Y
Market cap
$9.81B
P/E
6.8x
Revenue (TTM)
$3.68B
Div. yield
–
Gold Basic Materials
8 wins
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
2 wins
EQX Equinox Gold Corp.
$10.06 -15.5% 1M -8.8% 1Y
Market cap
$6.57B
P/E
13.3x
Revenue (TTM)
$2.41B
Div. yield
–
Gold Basic Materials
1 win

Head to Head

11 decided of 12

Iamgold leads on 8 of the 12 questions below (Iamgold 8, B2Gold 2, Equinox Gold 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIAGBTGEQXLeader
Larger companyMarket capitalisation $9.81B $6.61B $6.57B IAG
Cheaper on earningsLower P/E, profitable companies only 6.8x 8.1x 13.3x IAG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.8x 8.3x 10.1x BTG
Faster revenue growthRevenue growth, trailing twelve months +87.2% — +98.8% EQX
More profitableNet margin, trailing twelve months 39.4% — 20.5% IAG
Better return on capitalReturn on invested capital 52.3% 44.5% 9.9% IAG
Less leveragedLower net debt / EBITDA 0.0x 0.1x 0.1x IAG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +37.6% -7.7% -8.8% IAG
Better 5-year returnAnnualised price return, 5 years +40.5%/yr +1.6%/yr +4.9%/yr IAG
Less volatileAnnualised volatility, 1 year 63.5% 60.4% 62.5% BTG
Higher overall scoreMean of the five percentile scores vs peers 88/100 76/100 70/100 IAG

Percentile Scorecard

IAGBTGEQX

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

AxisIAGBTGEQX
Valuation 95 #9 of 162 94 #11 of 162 79 #35 of 162
Growth 97 #6 of 147 84 #24 of 147 100 #1 of 147
Profitability 100 #1 of 122 96 #6 of 122 70 #37 of 122
Financial Health 62 #64 of 165 65 #59 of 165 62 #63 of 165
Shareholder Returns – 42 #63 of 107 41 #64 of 107
Overall 88 76 70
  • IAG ranked among 176 companies in Metals and Mining
  • BTG ranked among 176 companies in Metals and Mining
  • EQX 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

PeriodIAGBTGEQXSPY
1 month -17.0%-12.1%-15.5% -0.8%
3 months +11.1%+24.3%+5.7% +3.5%
6 months -4.5%+5.9%-29.8% +7.0%
Year to date -0.8%+6.7%-28.3% +12.2%
1 year +37.6%-7.7%-8.8% +13.0%
3 years +533.7%+48.0%+118.2% +86.3%
3 years, per year +85.1%+14.0%+29.7% +23.1%
5 years +446.8%+8.3%+27.2% +68.6%
5 years, per year +40.5%+1.6%+4.9% +11.0%
10 years +302.7%+71.8%+34.5% +258.0%
10 years, per year +14.9%+5.6%+3.0% +13.6%

Risk

MeasureIAGBTGEQXSPY
Volatility, 1Y 63.5%60.4%62.5% 12.7%
Downside volatility, 1Y 64.5%60.4%64.9% 12.7%
Beta vs S&P 500, 1Y 2.272.122.09 1.00
Return / volatility, 1Y 0.59-0.13-0.14 1.02
Max drawdown, 5Y -73.6%-53.7%-71.6% -25.4%
From 52-week high -33.5%-22.5%-46.4% -1.8%
52-week high $24.57$6.21$18.76 $779.14
52-week low $10.96$3.64$8.61 $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.

MultipleIAGBTGEQX
P/E now vs peer median 6.5xmedian 12.8x 7.8xmedian 12.8x 12.8xmedian 12.8x
P/S now vs peer median 2.6xmedian 3.1x —median 3.1x 3.3xmedian 3.1x
EV/EBITDA now vs peer median 3.2xmedian 7.0x 4.7xmedian 7.0x 6.4xmedian 7.0x
P/FCF now vs peer median 4.4xmedian 15.2x 6.4xmedian 15.2x —median 15.2x
P/B now vs peer median 2.2xmedian 2.1x 1.6xmedian 2.1x 1.2xmedian 2.1x
PEG now vs peer median 0.06median 0.29 0.41median 0.29 0.09median 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 monthsIAGBTGEQX
Revenue $3.68B – $2.41B
Gross profit $1.85B $1.86B –
Operating income $2.54B $1.93B $740.90M
Net income $1.27B $828.55M $1.74B
Free cash flow $2.19B $1.00B –
R&D $30.20M – $25.27M
EPS (diluted) $2.49 $0.55 $0.78
Cash & equivalents $501.40M $286.58M $317.78M
Total debt $2.62B $2.06B $553.95M
Shares (diluted) 581.70M 1.48B 630.31M
Enterprise value $8.02B $5.09B $4.53B

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
MetricIAGBTGEQX
P/E 6.5x 7.8x 12.8x
P/FCF 4.4x 6.4x –
P/Operating cash flow 4.8x 6.4x –
P/S 2.6x – 3.3x
P/B 2.2x 1.6x 1.2x
P/Tangible book 2.2x 1.6x 1.2x
EV/EBITDA 3.2x 4.7x 6.4x
EV/EBIT 3.8x 3.4x 10.8x
EV/Revenue 2.6x – 3.3x
EV/FCF 4.4x 6.6x –
EV/Operating cash flow 4.8x 6.6x –
PEG (3Y EPS CAGR) 0.06 0.41 0.09

Growth

14 metrics
MetricIAGBTGEQX
Revenue growth (1Y) 87.2% – 98.8%
Revenue CAGR (3Y) 58.4% – 33.7%
Gross profit growth (1Y) 192.3% 107.1% –
Gross profit CAGR (3Y) 154.4% 35.3% –
Operating income growth (1Y) 57.6% 1,748% 363.9%
Operating income CAGR (3Y) 826.2% 46.0% 256.1%
Net income growth (1Y) 34.0% 298.7% 638.7%
Net income CAGR (3Y) 112.4% 33.4% 385.5%
EPS growth (1Y) 234.8% 272.5% 372.4%
EPS CAGR (3Y) 111.5% 19.0% 149.9%
Operating cash flow growth (1Y) 328.3% 86.2% –
Operating cash flow CAGR (3Y) 67.2% 9.5% –
Free cash flow growth (1Y) 144.4% 86.2% –
Free cash flow CAGR (3Y) 122.0% 9.5% –

Profitability

14 metrics
MetricIAGBTGEQX
Gross margin 50.3% – –
EBITDA margin 82.1% – 51.5%
Operating margin 69.1% – 30.7%
Pretax margin 49.1% – 26.8%
Net margin 39.4% – 20.5%
FCF margin 59.5% – –
Operating cash flow margin 54.3% – –
Return on equity 29.2% 44.1% 16.3%
Return on assets 21.3% 29.1% 9.7%
Return on invested capital 52.3% 44.5% 9.9%
Return on capital employed 46.9% – –
Asset turnover 0.6x – 0.4x
Cash conversion (OCF / net income) 1.6x 1.2x –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricIAGBTGEQX
Debt / assets 7.5% 7.9% 5.7%
Debt / equity 0.1x 0.1x 0.1x
Net debt / EBITDA 0.0x 0.1x 0.1x
Debt / FCF 0.2x 0.5x –
Liabilities / assets 26.1% 30.3% 35.0%
Equity / assets 73.9% 69.7% 65.0%
Interest coverage 137.4x 31.7x 21.9x
Current ratio 1.7x – –
Quick ratio 1.0x – –
Cash ratio 0.9x – –
Altman Z-score 6.19 – –

Shareholder Returns

7 metrics
MetricIAGBTGEQX
Dividend yield – 1.7% 0.4%
Net buyback yield – -3.8% –
Shareholder yield 0.0% -2.1% 0.4%
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.

ConsensusIAGBTGEQX
Forward P/E 8.8xFY2026 8.3xFY2026 10.1xFY2026
EPS, next fiscal year $1.85FY2026 $0.58FY2026 $1.00FY2026
EPS growth, next FY +51.6%FY2026 +26.1%FY2026 +49.3%FY2026
EPS growth, the year after +11.4% +51.7% +31.0%
Revenue, next fiscal year $3.73BFY2026 $3.59BFY2026 $4.20BFY2026
Revenue growth, next FY +31.3%FY2026 +17.5%FY2026 +130.7%FY2026
Revenue growth, the year after +5.7% +25.6% +32.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIAGBTGEQX
Held by institutions 65.8% 59.9% 70.9%
Institutions holding 319 301 327
Change in shares held, QoQ +1.5% +6.2% +0.5%
Institutions buying 170 155 184
Institutions selling 101 85 88
Buyers to sellers 1.68 1.82 2.09

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.

IAGBTGEQX
IAG 1.00 0.81 0.87
BTG 0.81 1.00 0.74
EQX 0.87 0.74 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IAG, BTG and EQX?

Iamgold (IAG) is the largest by market capitalisation: Iamgold (IAG) $9.81B, B2Gold (BTG) $6.61B, Equinox Gold (EQX) $6.57B.

Which stock is cheaper, IAG, BTG and EQX?

Iamgold (IAG) trades on the lowest price-to-earnings ratio (Iamgold (IAG) 6.8x, B2Gold (BTG) 8.1x, Equinox Gold (EQX) 13.3x). On next year's consensus earnings, B2Gold (BTG) is cheapest (Iamgold (IAG) 8.8x, B2Gold (BTG) 8.3x, Equinox Gold (EQX) 10.1x). 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: Iamgold (IAG) +87.2%, Equinox Gold (EQX) +98.8%.

Which company is more profitable?

Iamgold (IAG) has the highest net margin (Iamgold (IAG) 39.4%, Equinox Gold (EQX) 20.5%). On return on invested capital, Iamgold (IAG) leads (Iamgold (IAG) 52.3%, B2Gold (BTG) 44.5%, Equinox Gold (EQX) 9.9%).

Which stock has performed better?

Over the past year Iamgold (IAG) returned the most: Iamgold (IAG) +37.6%, B2Gold (BTG) -7.7%, Equinox Gold (EQX) -8.8%. Over five years, Iamgold (IAG) compounded fastest (Iamgold (IAG) +40.5%/yr, B2Gold (BTG) +1.6%/yr, Equinox Gold (EQX) +4.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, B2Gold (BTG) has been the steadiest (Iamgold (IAG) 63.5%, B2Gold (BTG) 60.4%, Equinox Gold (EQX) 62.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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 8. 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.