B2Gold Corp (BTG)vsFranco-Nevada Corporation (FNV)
BTG
B2Gold Corp
$4.19
+1.70%
BASIC MATERIALS · Cap: $5.53B
FNV
Franco-Nevada Corporation
$233.67
+1.28%
BASIC MATERIALS · Cap: $44.52B
Smart Verdict
WallStSmart Research — data-driven comparison
B2Gold Corp generates 70% more annual revenue ($3.06B vs $1.80B). FNV leads profitability with a 61.6% profit margin vs 13.1%. BTG appears more attractively valued with a PEG of 4.71. BTG earns a higher WallStSmart Score of 76/100 (B+).
BTG
Strong Buy76
out of 100
Grade: B+
FNV
Strong Buy68
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+57.0%
Fair Value
$13.10
Current Price
$4.19
$8.91 discount
Margin of Safety
+6.0%
Fair Value
$274.25
Current Price
$233.67
$40.58 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 40.5%
Revenue surging 110.9% year-over-year
Conservative balance sheet, low leverage
Attractively priced relative to earnings
Reasonable price relative to book value
Earnings expanding 33.3% YoY
Keeps 62 of every $100 in revenue as profit
Strong operational efficiency at 76.1%
Revenue surging 85.8% year-over-year
Earnings expanding 108.8% YoY
Conservative balance sheet, low leverage
Safe zone — low bankruptcy risk
Areas to Watch
Expensive relative to growth rate
Premium valuation, high expectations priced in
Expensive relative to growth rate
Negative free cash flow — burning cash
Comparative Analysis Report
WallStSmart ResearchBull Case : BTG
The strongest argument for BTG centers on Operating Margin, Revenue Growth, Debt/Equity. Revenue growth of 110.9% demonstrates continued momentum.
Bull Case : FNV
The strongest argument for FNV centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 61.6% and operating margin at 76.1%. Revenue growth of 85.8% demonstrates continued momentum.
Bear Case : BTG
The primary concerns for BTG are PEG Ratio.
Bear Case : FNV
The primary concerns for FNV are P/E Ratio, PEG Ratio, Free Cash Flow.
Key Dynamics to Monitor
BTG carries more volatility with a beta of 1.19 — expect wider price swings.
BTG is growing revenue faster at 110.9% — sustainability is the question.
BTG generates stronger free cash flow (128M), providing more financial flexibility.
Monitor GOLD industry trends, competitive dynamics, and regulatory changes.
Bottom Line
BTG scores higher overall (76/100 vs 68/100) and 110.9% 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.
Visit Website →Franco-Nevada Corporation
BASIC MATERIALS · GOLD · USA
Franco-Nevada Corporation is a gold-focused royalty and flow company in the United States, Latin America, Canada, Australia, Europe and Africa, and internationally. The company is headquartered in Toronto, Canada.
Visit Website →Compare with Other GOLD Stocks
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