WallStSmart

B2Gold Corp (BTG)vsUSA Rare Earth, Inc. (USAR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

B2Gold Corp generates 28657% more annual revenue ($3.78B vs $13.16M). BTG leads profitability with a 21.3% profit margin vs 0.0%. 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

USAR

Avoid

26

out of 100

Grade: F

Growth: 4.3Profit: 2.5Value: 5.0Quality: 7.0
Piotroski: 2/9Altman Z: 1.02
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 USAR.

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

USAR2 strengths · Avg: 9.0/10
Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

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

USAR4 concerns · Avg: 3.5/10
Revenue GrowthGrowth
0.0%4/10

0.0% revenue growth

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

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 : USAR

The strongest argument for USAR centers on Debt/Equity, Price/Book.

Bear Case : BTG

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

Bear Case : USAR

The primary concerns for USAR are Revenue Growth, EPS Growth, Profit Margin.

Key Dynamics to Monitor

BTG profiles as a mature stock while USAR is a value play — different risk/reward profiles.

USAR carries more volatility with a beta of 2.61 — expect wider price swings.

BTG is growing revenue faster at 14.0% — sustainability is the question.

USAR generates stronger free cash flow (-127M), providing more financial flexibility.

Bottom Line

BTG scores higher overall (78/100 vs 26/100), backed by strong 21.3% margins and 14.0% revenue growth. Both earn "Strong Buy" and "Avoid" 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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USA Rare Earth, Inc.

BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING · USA

USA Rare Earth, Inc. engages in mining, processing, and supplying rare earths and other critical minerals. The company is headquartered in Stillwater, Oklahoma.

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