WallStSmart

Agnico Eagle Mines Limited (AEM)vsB2Gold Corp (BTG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Agnico Eagle Mines Limited generates 284% more annual revenue ($14.53B vs $3.78B). AEM leads profitability with a 40.4% profit margin vs 21.3%. BTG appears more attractively valued with a PEG of 4.71. BTG earns a higher WallStSmart Score of 78/100 (B+).

AEM

Strong Buy

75

out of 100

Grade: B+

Growth: 10.0Profit: 9.5Value: 4.7Quality: 8.5
Piotroski: 6/9Altman Z: 2.83

BTG

Strong Buy

78

out of 100

Grade: B+

Growth: 8.7Profit: 8.5Value: 7.3Quality: 7.5
Piotroski: 4/9Altman Z: 2.03
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AEMOvervalued (-13.5%)

Margin of Safety

-13.5%

Fair Value

$191.33

Current Price

$203.55

$12.22 premium

UndervaluedFair: $191.33Overvalued
BTGUndervalued (+80.3%)

Margin of Safety

+80.3%

Fair Value

$28.58

Current Price

$5.35

$23.23 discount

UndervaluedFair: $28.58Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AEM6 strengths · Avg: 9.7/10
Profit MarginProfitability
40.4%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
58.1%10/10

Strong operational efficiency at 58.1%

Revenue GrowthGrowth
35.0%10/10

Revenue surging 35.0% year-over-year

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Market CapQuality
$101.46B9/10

Large-cap with strong market position

Return on EquityProfitability
20.4%9/10

Every $100 of equity generates 20 in profit

BTG6 strengths · Avg: 9.3/10
P/E RatioValuation
9.6x10/10

Attractively priced relative to earnings

Operating MarginProfitability
45.7%10/10

Strong operational efficiency at 45.7%

EPS GrowthGrowth
185.4%10/10

Earnings expanding 185.4% YoY

Profit MarginProfitability
21.3%9/10

Keeps 21 of every $100 in revenue as profit

Debt/EquityHealth
0.119/10

Conservative balance sheet, low leverage

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

Areas to Watch

AEM1 concerns · Avg: 2.0/10
PEG RatioValuation
28.152/10

Expensive relative to growth rate

BTG2 concerns · Avg: 2.0/10
PEG RatioValuation
4.712/10

Expensive relative to growth rate

Free Cash FlowQuality
$-237.30M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : AEM

The strongest argument for AEM centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 40.4% and operating margin at 58.1%. Revenue growth of 35.0% demonstrates continued momentum.

Bull Case : BTG

The strongest argument for BTG centers on P/E Ratio, Operating Margin, EPS Growth. Profitability is solid with margins at 21.3% and operating margin at 45.7%. Revenue growth of 14.0% demonstrates continued momentum.

Bear Case : AEM

The primary concerns for AEM are PEG Ratio.

Bear Case : BTG

The primary concerns for BTG are PEG Ratio, Free Cash Flow.

Key Dynamics to Monitor

AEM profiles as a growth stock while BTG is a mature play — different risk/reward profiles.

BTG carries more volatility with a beta of 1.46 — expect wider price swings.

AEM is growing revenue faster at 35.0% — sustainability is the question.

AEM generates stronger free cash flow (1.3B), providing more financial flexibility.

Bottom Line

BTG scores higher overall (78/100 vs 75/100), backed by strong 21.3% margins and 14.0% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Agnico Eagle Mines Limited

BASIC MATERIALS · GOLD · USA

Agnico Eagle Mines Limited is engaged in the exploration, development and production of mineral properties in Canada, Sweden and Finland. The company is headquartered in Toronto, Canada.

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B2Gold Corp

BASIC MATERIALS · GOLD · USA

B2Gold Corp. The company is headquartered in Vancouver, Canada.

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