WallStSmart

B2Gold Corp (BTG)vsNewmont Goldcorp Corp (NEM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Newmont Goldcorp Corp generates 641% more annual revenue ($22.67B vs $3.06B). NEM leads profitability with a 31.2% profit margin vs 13.1%. NEM appears more attractively valued with a PEG of 2.78. BTG earns a higher WallStSmart Score of 76/100 (B+).

BTG

Strong Buy

76

out of 100

Grade: B+

Growth: 10.0Profit: 7.5Value: 7.3Quality: 7.0
Piotroski: 4/9Altman Z: 2.28

NEM

Strong Buy

65

out of 100

Grade: B-

Growth: 6.7Profit: 9.0Value: 4.7Quality: 8.0
Piotroski: 6/9Altman Z: 2.04
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BTGUndervalued (+57.0%)

Margin of Safety

+57.0%

Fair Value

$13.10

Current Price

$4.19

$8.91 discount

UndervaluedFair: $13.10Overvalued
NEMSignificantly Overvalued (-184.1%)

Margin of Safety

-184.1%

Fair Value

$43.86

Current Price

$101.52

$57.66 premium

UndervaluedFair: $43.86Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BTG6 strengths · Avg: 8.8/10
Operating MarginProfitability
40.5%10/10

Strong operational efficiency at 40.5%

Revenue GrowthGrowth
110.9%10/10

Revenue surging 110.9% year-over-year

Debt/EquityHealth
0.189/10

Conservative balance sheet, low leverage

P/E RatioValuation
14.7x8/10

Attractively priced relative to earnings

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

EPS GrowthGrowth
33.3%8/10

Earnings expanding 33.3% YoY

NEM6 strengths · Avg: 9.3/10
Profit MarginProfitability
31.2%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
58.1%10/10

Strong operational efficiency at 58.1%

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Market CapQuality
$108.06B9/10

Large-cap with strong market position

Return on EquityProfitability
22.3%9/10

Every $100 of equity generates 22 in profit

P/E RatioValuation
15.3x8/10

Attractively priced relative to earnings

Areas to Watch

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

Expensive relative to growth rate

NEM2 concerns · Avg: 2.0/10
PEG RatioValuation
2.782/10

Expensive relative to growth rate

EPS GrowthGrowth
-4.6%2/10

Earnings declined 4.6%

Comparative Analysis Report

WallStSmart Research

Bull 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 : NEM

The strongest argument for NEM centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 31.2% and operating margin at 58.1%. Revenue growth of 20.6% demonstrates continued momentum.

Bear Case : BTG

The primary concerns for BTG are PEG Ratio.

Bear Case : NEM

The primary concerns for NEM are PEG Ratio, EPS Growth.

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.

NEM generates stronger free cash flow (1.4B), providing more financial flexibility.

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

Bottom Line

BTG scores higher overall (76/100 vs 65/100) 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.

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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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