WallStSmart

B2Gold Corp (BTG)vsNewmont Goldcorp Corp (NEM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Newmont Goldcorp Corp generates 581% more annual revenue ($25.77B vs $3.78B). NEM leads profitability with a 33.4% profit margin vs 21.3%. NEM appears more attractively valued with a PEG of 2.83. BTG earns a higher WallStSmart Score of 78/100 (B+).

BTG

Strong Buy

78

out of 100

Grade: B+

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

NEM

Strong Buy

70

out of 100

Grade: B

Growth: 8.0Profit: 9.5Value: 5.0Quality: 8.5
Piotroski: 7/9Altman Z: 2.21
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BTGUndervalued (+80.3%)

Margin of Safety

+80.3%

Fair Value

$28.58

Current Price

$5.35

$23.23 discount

UndervaluedFair: $28.58Overvalued

Intrinsic value data unavailable for NEM.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

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
$133.62B9/10

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
16.0x8/10

Attractively priced relative to earnings

Areas to Watch

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

NEM1 concerns · Avg: 2.0/10
PEG RatioValuation
2.832/10

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, EPS Growth. Profitability is solid with margins at 21.3% and operating margin at 45.7%. Revenue growth of 14.0% 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, Free Cash Flow.

Bear Case : NEM

The primary concerns for NEM are PEG Ratio.

Key Dynamics to Monitor

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

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

NEM is growing revenue faster at 15.1% — sustainability is the question.

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

Bottom Line

BTG scores higher overall (78/100 vs 70/100), 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.

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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