PPTA vs AU vs BTG Stock Comparison

Perpetua Resources, AngloGold Ashanti and B2Gold Prices as of Oct 29, 2026 Peers: Industry group
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AU AngloGold Ashanti PLC
$85.06 -10.1% 1M +26.4% 1Y
Market cap
$40.66B
P/E
10.7x
Revenue (TTM)
$11.83B
Div. yield
–
Gold Basic Materials
5 wins
BTG B2Gold Corp
$4.98 -6.7% 1M +4.4% 1Y
Market cap
$6.13B
P/E
7.5x
Revenue (TTM)
—
Div. yield
–
Gold Basic Materials
3 wins

Head to Head

8 decided of 12

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

QuestionPPTAAUBTGLeader
Larger companyMarket capitalisation $2.08B $40.66B $6.13B AU
Cheaper on earningsLower P/E, profitable companies only -8.9x 10.7x 7.5x BTG
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 10.0x 8.6x BTG
Faster revenue growthRevenue growth, trailing twelve months — +54.6% — –
More profitableNet margin, trailing twelve months — 32.2% — –
Better return on capitalReturn on invested capital — 40.5% 44.5% BTG
Less leveragedLower net debt / EBITDA — — 0.1x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -23.2% +26.4% +4.4% AU
Better 5-year returnAnnualised price return, 5 years +30.6%/yr +35.7%/yr +3.8%/yr AU
Less volatileAnnualised volatility, 1 year 73.2% 60.2% 60.5% AU
Higher overall scoreMean of the five percentile scores vs peers 30/100 81/100 76/100 AU

Percentile Scorecard

PPTAAUBTG

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

AxisPPTAAUBTG
Valuation 16 #137 of 163 76 #40 of 163 93 #13 of 163
Growth 1 #147 of 148 89 #17 of 148 84 #24 of 148
Profitability 23 #95 of 123 97 #5 of 123 96 #6 of 123
Financial Health 93 #13 of 164 49 #85 of 164 65 #58 of 164
Shareholder Returns 16 #91 of 108 97 #4 of 108 41 #64 of 108
Overall 30 81 76
  • PPTA ranked among 176 companies in Metals and Mining
  • AU ranked among 176 companies in Metals and Mining
  • BTG 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

PeriodPPTAAUBTGSPY
1 month -16.1%-10.1%-6.7% +0.7%
3 months -4.5%+3.3%+29.0% +3.7%
6 months -34.6%-9.2%+10.7% +7.1%
Year to date -25.4%-0.3%+10.4% +12.8%
1 year -23.2%+26.4%+4.4% +11.9%
3 years +422.0%+352.2%+53.7% +85.2%
3 years, per year +73.5%+65.4%+15.4% +22.8%
5 years +279.4%+360.3%+20.3% +67.6%
5 years, per year +30.6%+35.7%+3.8% +10.9%
10 years —+529.1%+79.1% +262.0%
10 years, per year —+20.2%+6.0% +13.7%

Risk

MeasurePPTAAUBTGSPY
Volatility, 1Y 73.2%60.2%60.5% 12.7%
Downside volatility, 1Y 74.4%62.0%60.6% 12.6%
Beta vs S&P 500, 1Y 3.022.212.14 1.00
Return / volatility, 1Y -0.320.440.07 0.94
Max drawdown, 5Y -70.6%-52.8%-53.7% -25.4%
From 52-week high -51.5%-33.7%-19.8% -1.2%
52-week high $37.22$128.26$6.21 $779.14
52-week low $16.44$63.61$3.64 $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.

MultiplePPTAAUBTG
P/E now vs peer median -9.7xmedian 13.2x 11.4xmedian 13.2x 8.1xmedian 13.2x
P/S now vs peer median —median 3.1x 3.6xmedian 3.1x —median 3.1x
EV/EBITDA now vs peer median -6.4xmedian 7.2x —median 7.2x 4.9xmedian 7.2x
P/FCF now vs peer median -10.6xmedian 15.2x 6.8xmedian 15.2x 6.7xmedian 15.2x
P/B now vs peer median 3.1xmedian 2.2x 4.8xmedian 2.2x 1.7xmedian 2.2x
PEG now vs peer median 0.16median 0.30 —median 0.30 0.42median 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 monthsPPTAAUBTG
Revenue – $11.83B –
Gross profit – $6.48B $1.86B
Operating income -$264.40M $4.91B $1.93B
Net income -$232.33M $4.48B $828.55M
Free cash flow -$213.26M $6.34B $1.00B
R&D $254.25M $259.00M –
EPS (diluted) $-1.86 $7.48 $0.55
Cash & equivalents $574.25M $2.78B $286.58M
Total debt – $1.57B $2.06B
Shares (diluted) 125.09M 509.09M 1.48B
Enterprise value -$326.09M $28.55B $4.62B

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
MetricPPTAAUBTG
P/E -9.7x 11.4x 8.1x
P/FCF -10.6x 6.8x 6.7x
P/Operating cash flow -12.5x 6.9x 6.7x
P/S – 3.6x –
P/B 3.1x 4.8x 1.7x
P/Tangible book 3.1x 4.8x 1.7x
EV/EBITDA -6.4x – 4.9x
EV/EBIT -6.4x 8.5x 3.5x
EV/Revenue – 3.5x –
EV/FCF -7.9x 6.6x 6.8x
EV/Operating cash flow -9.3x 6.7x 6.8x
PEG (3Y EPS CAGR) 0.16 – 0.42

Growth

14 metrics
MetricPPTAAUBTG
Revenue growth (1Y) – 54.6% –
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) – 97.4% 107.1%
Gross profit CAGR (3Y) – – 35.3%
Operating income growth (1Y) -351.9% 165.2% 1,748%
Operating income CAGR (3Y) -93.2% – 46.0%
Net income growth (1Y) -951.5% 115.8% 298.7%
Net income CAGR (3Y) -101.3% – 33.4%
EPS growth (1Y) -542.8% 78.5% 272.5%
EPS CAGR (3Y) -60.3% – 19.0%
Operating cash flow growth (1Y) -436.4% 103.4% 86.2%
Operating cash flow CAGR (3Y) -103.1% – 9.5%
Free cash flow growth (1Y) -493.7% 108.6% 86.2%
Free cash flow CAGR (3Y) -113.4% – 9.5%

Profitability

14 metrics
MetricPPTAAUBTG
Gross margin – 54.8% –
EBITDA margin – – –
Operating margin – 41.5% –
Pretax margin – 51.7% –
Net margin – 32.2% –
FCF margin – 53.6% –
Operating cash flow margin – 52.3% –
Return on equity -31.1% 46.3% 44.1%
Return on assets -29.4% 28.7% 29.1%
Return on invested capital – 40.5% 44.5%
Return on capital employed -34.5% 35.2% –
Asset turnover – 0.8x –
Cash conversion (OCF / net income) 0.8x 1.4x 1.2x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricPPTAAUBTG
Debt / assets – 10.1% 7.9%
Debt / equity – 0.2x 0.1x
Net debt / EBITDA – – 0.1x
Debt / FCF – 0.2x 0.5x
Liabilities / assets 6.9% 42.4% 30.3%
Equity / assets 93.1% 57.6% 69.7%
Interest coverage – – 31.7x
Current ratio 12.3x 2.7x –
Quick ratio 11.9x 2.1x –
Cash ratio 11.8x 1.8x –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricPPTAAUBTG
Dividend yield – 5.3% 1.6%
Net buyback yield -19.1% – -3.6%
Shareholder yield -19.1% 5.3% -2.0%
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.

ConsensusPPTAAUBTG
Forward P/E – 10.0xFY2026 8.6xFY2026
EPS, next fiscal year $-1.20FY2026 $8.52FY2026 $0.58FY2026
EPS growth, next FY – +58.7%FY2026 +26.1%FY2026
EPS growth, the year after – +9.9% +51.7%
Revenue, next fiscal year $0.00FY2026 $11.81BFY2026 $3.59BFY2026
Revenue growth, next FY – +21.4%FY2026 +17.5%FY2026
Revenue growth, the year after – +4.0% +25.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPPTAAUBTG
Held by institutions 67.2% 45.9% 59.9%
Institutions holding 255 564 301
Change in shares held, QoQ -1.6% +3.0% +6.2%
Institutions buying 128 324 155
Institutions selling 79 166 85
Buyers to sellers 1.62 1.95 1.82

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.

PPTAAUBTG
PPTA 1.00 0.75 0.70
AU 0.75 1.00 0.78
BTG 0.70 0.78 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PPTA, AU and BTG?

AngloGold Ashanti (AU) is the largest by market capitalisation: Perpetua Resources (PPTA) $2.08B, AngloGold Ashanti (AU) $40.66B, B2Gold (BTG) $6.13B.

Which stock is cheaper, PPTA, AU and BTG?

B2Gold (BTG) trades on the lowest price-to-earnings ratio (Perpetua Resources (PPTA) -8.9x, AngloGold Ashanti (AU) 10.7x, B2Gold (BTG) 7.5x). On next year's consensus earnings, B2Gold (BTG) is cheapest (AngloGold Ashanti (AU) 10.0x, B2Gold (BTG) 8.6x). 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 AngloGold Ashanti (AU) returned the most: Perpetua Resources (PPTA) -23.2%, AngloGold Ashanti (AU) +26.4%, B2Gold (BTG) +4.4%. Over five years, AngloGold Ashanti (AU) compounded fastest (Perpetua Resources (PPTA) +30.6%/yr, AngloGold Ashanti (AU) +35.7%/yr, B2Gold (BTG) +3.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, AngloGold Ashanti (AU) has been the steadiest (Perpetua Resources (PPTA) 73.2%, AngloGold Ashanti (AU) 60.2%, B2Gold (BTG) 60.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PPTA, AU and BTG?

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