WallStSmart

B2Gold Corp (BTG)vsWheaton Precious Metals Corp (WPM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

B2Gold Corp generates 34% more annual revenue ($3.69B vs $2.75B). WPM leads profitability with a 65.5% profit margin vs 14.8%. WPM appears more attractively valued with a PEG of 0.43. WPM earns a higher WallStSmart Score of 78/100 (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

WPM

Strong Buy

78

out of 100

Grade: B+

Growth: 10.0Profit: 9.0Value: 5.3Quality: 9.0
Piotroski: 4/9Altman Z: 12.57
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BTGUndervalued (+80.1%)

Margin of Safety

+80.1%

Fair Value

$28.33

Current Price

$4.18

$24.15 discount

UndervaluedFair: $28.33Overvalued
WPMSignificantly Overvalued (-54.1%)

Margin of Safety

-54.1%

Fair Value

$79.55

Current Price

$121.72

$42.17 premium

UndervaluedFair: $79.55Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BTG6 strengths · Avg: 9.5/10
P/E RatioValuation
11.1x10/10

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
1.5x8/10

Reasonable price relative to book value

WPM6 strengths · Avg: 10.0/10
PEG RatioValuation
0.4310/10

Growing faster than its price suggests

Profit MarginProfitability
65.5%10/10

Keeps 66 of every $100 in revenue as profit

Operating MarginProfitability
75.0%10/10

Strong operational efficiency at 75.0%

Revenue GrowthGrowth
91.6%10/10

Revenue surging 91.6% year-over-year

EPS GrowthGrowth
128.8%10/10

Earnings expanding 128.8% YoY

Debt/EquityHealth
0.0010/10

Conservative balance sheet, low leverage

Areas to Watch

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

Expensive relative to growth rate

WPM1 concerns · Avg: 4.0/10
P/E RatioValuation
32.1x4/10

Premium valuation, high expectations priced in

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 : WPM

The strongest argument for WPM centers on PEG Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 65.5% and operating margin at 75.0%. Revenue growth of 91.6% demonstrates continued momentum.

Bear Case : BTG

The primary concerns for BTG are PEG Ratio.

Bear Case : WPM

The primary concerns for WPM are P/E Ratio.

Key Dynamics to Monitor

BTG carries more volatility with a beta of 1.30 — expect wider price swings.

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

WPM generates stronger free cash flow (692M), providing more financial flexibility.

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

Bottom Line

WPM scores higher overall (78/100 vs 76/100), backed by strong 65.5% margins and 91.6% revenue growth. BTG offers better value entry with a 80.1% margin of safety. 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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Wheaton Precious Metals Corp

BASIC MATERIALS · GOLD · USA

Wheaton Precious Metals Corp. The company is headquartered in Vancouver, Canada.

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