COMPARE · Data as of August 21, 2026
AYA vs BTG
Verdict: Side-by-side breakdown using the Bull Rankings model. AYA scored 46.4, BTG scored 70.4 — BTG leads.
Compare another set
Different reporting periods. AYA's fundamentals are as of March 2026, but BTG's are as of December 2025 — a 3-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
AYA
Aya Gold & Silver Inc.
46.4
$26.65 · $3.8B
fundamentals as of
Score gap
24.0
BTG leads
BTG
B2Gold Corp
70.4
$5.52 · $7.3B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestBTG9.9x
- Fastest growthAYA+416.7%
- Strongest balance sheetBTG0.11
- Highest qualityAYA88 / 100
- Largest discount to fair valueBTG-57%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
AYA
stronger →← stronger
BTG
88
Qualityreturns · margins · balance sheet
76
50
Growthrevenue & earnings expansion
50
23
Valuevaluation vs sector peers
92
AYA and BTG split the three pillars evenly.
Fundamentals, head-to-head
AYA
BTG
$56mC-
FCF
$923mC+
+416.7%A
Rev
+60.9%A
0.17B+
D/E
0.11A-
34.6xC
P/E
9.9xA
—
PEG
0.10A
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
AYA
BTG
360% above
Price vs fair valuelower is cheaper
57% below
~60%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-6%/yr
-83%
1-yr DCF upside
+77%
-78%
5-yr DCF upside
+131%
-69%
10-yr DCF upside
+238%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
AYA
Why this score
- Cyclical growth
- Short track record
BTG
Why this score
- Cut its dividend
- Cyclical growth
The companies
AYAAya Gold & Silver Inc.
Why now
Silver · market cap $3.8b. 8% off the 52-week high of $28.89. Revenue growing +417% — in hypergrowth territory.
Moat
Net margin 33% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 26% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which.
Risk
Beta 1.70 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Trailing P/E 35x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates. P/S 11.2x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard.
BTGB2Gold Corp
Why now
Gold · market cap $7.3b. 12% off the 52-week high of $6.29. Revenue growing +61% — in hypergrowth territory. PEG 0.10 — paying under fair value for the growth rate. 5 sell-side analysts rate this a Buy with a mean 1-yr target of $6.15 (implying +11% upside).
Moat
Net margin 21% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 12% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Hedge-book exposure — many commodity producers hedge forward production; if the hedge book is concentrated at prices well below spot, the upside the market expects is already locked away.
Verdict — model-derived comparison
The model favors BTG (71.1) over AYA (44.2) primarily due to its superior Value pillar (95 vs. 20) and an A-grade P/E of 9.1x. However, a contrarian might prefer AYA for its higher Quality pillar score of 88 and exceptional revenue growth of +416.7% (Grade A). Investors should note AYA's short track record and the highly optimistic 60% implied growth priced into its valuation.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where AYA and BTG diverge
On the headline score the gap is 24.0 points in favor of BTG. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
- ValueAYA 22.7 · BTG 92.1BTG +69.4
- QualityAYA 88.0 · BTG 75.6AYA +12.4
- GrowthAYA 50.0 · BTG 50.0level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.