WallStSmart

B2Gold Corp (BTG)vsNewmont Goldcorp Corp (NEM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Newmont Goldcorp Corp generates 599% more annual revenue ($25.77B vs $3.69B). NEM leads profitability with a 33.4% profit margin vs 14.8%. NEM appears more attractively valued with a PEG of 2.78. BTG earns a higher WallStSmart Score of 76/100 (B+).

BTG

Strong Buy

76

out of 100

Grade: B+

Growth: 10.0Profit: 8.0Value: 7.3Quality: 7.0
Piotroski: 4/9Altman Z: 2.03

NEM

Strong Buy

73

out of 100

Grade: B

Growth: 8.0Profit: 9.5Value: 4.0Quality: 8.5
Piotroski: 7/9Altman Z: 2.21
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BTGUndervalued (+79.9%)

Margin of Safety

+79.9%

Fair Value

$28.01

Current Price

$5.03

$22.98 discount

UndervaluedFair: $28.01Overvalued
NEMSignificantly Overvalued (-63.9%)

Margin of Safety

-63.9%

Fair Value

$63.65

Current Price

$112.98

$49.33 premium

UndervaluedFair: $63.65Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BTG6 strengths · Avg: 9.5/10
P/E RatioValuation
9.9x10/10

Attractively priced relative to earnings

Operating MarginProfitability
45.0%10/10

Strong operational efficiency at 45.0%

Revenue GrowthGrowth
117.7%10/10

Revenue surging 117.7% year-over-year

EPS GrowthGrowth
250.3%10/10

Earnings expanding 250.3% YoY

Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

NEM6 strengths · Avg: 9.2/10
Profit MarginProfitability
33.4%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
51.6%10/10

Strong operational efficiency at 51.6%

Market CapQuality
$109.89B9/10

Large-cap with strong market position

Return on EquityProfitability
24.3%9/10

Every $100 of equity generates 24 in profit

Debt/EquityHealth
0.159/10

Conservative balance sheet, low leverage

P/E RatioValuation
13.2x8/10

Attractively priced relative to earnings

Areas to Watch

BTG1 concerns · Avg: 2.0/10
PEG RatioValuation
4.712/10

Expensive relative to growth rate

NEM1 concerns · Avg: 2.0/10
PEG RatioValuation
2.782/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : BTG

The strongest argument for BTG centers on P/E Ratio, Operating Margin, Revenue Growth. Revenue growth of 117.7% demonstrates continued momentum.

Bull Case : NEM

The strongest argument for NEM centers on Profit Margin, Operating Margin, Market Cap. Profitability is solid with margins at 33.4% and operating margin at 51.6%. Revenue growth of 15.1% demonstrates continued momentum.

Bear Case : BTG

The primary concerns for BTG are PEG Ratio.

Bear Case : NEM

The primary concerns for NEM are PEG Ratio.

Key Dynamics to Monitor

BTG carries more volatility with a beta of 1.34 — expect wider price swings.

BTG is growing revenue faster at 117.7% — sustainability is the question.

NEM generates stronger free cash flow (2.2B), providing more financial flexibility.

Monitor GOLD industry trends, competitive dynamics, and regulatory changes.

Bottom Line

BTG scores higher overall (76/100 vs 73/100) and 117.7% 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.

B2Gold Corp

BASIC MATERIALS · GOLD · USA

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

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Newmont Goldcorp Corp

BASIC MATERIALS · GOLD · USA

Newmont Corporation, based in Greenwood Village, Colorado, United States, is one of the largest gold mining companies in the world.

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