WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Agnico Eagle Mines Limited generates 267% more annual revenue ($13.54B vs $3.69B). AEM leads profitability with a 39.5% profit margin vs 14.8%. BTG appears more attractively valued with a PEG of 4.71. BTG earns a higher WallStSmart Score of 76/100 (B+).

AEM

Strong Buy

75

out of 100

Grade: B+

Growth: 10.0Profit: 9.5Value: 4.0Quality: 9.0
Piotroski: 6/9Altman Z: 2.83

BTG

Strong Buy

76

out of 100

Grade: B+

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

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AEMSignificantly Overvalued (-19.3%)

Margin of Safety

-19.3%

Fair Value

$182.06

Current Price

$166.85

$15.21 premium

UndervaluedFair: $182.06Overvalued
BTGUndervalued (+80.1%)

Margin of Safety

+80.1%

Fair Value

$28.33

Current Price

$4.18

$24.15 discount

UndervaluedFair: $28.33Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AEM6 strengths · Avg: 9.8/10
Profit MarginProfitability
39.5%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
62.8%10/10

Strong operational efficiency at 62.8%

Revenue GrowthGrowth
66.1%10/10

Revenue surging 66.1% year-over-year

EPS GrowthGrowth
108.6%10/10

Earnings expanding 108.6% YoY

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Market CapQuality
$85.91B9/10

Large-cap with strong market position

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

Areas to Watch

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

Expensive relative to growth rate

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

Expensive relative to growth rate

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 39.5% and operating margin at 62.8%. Revenue growth of 66.1% demonstrates continued momentum.

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.

Bear Case : AEM

The primary concerns for AEM are PEG Ratio.

Bear Case : BTG

The primary concerns for BTG are PEG 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.

AEM generates stronger free cash flow (727M), providing more financial flexibility.

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

Bottom Line

BTG scores higher overall (76/100 vs 75/100) 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.

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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