COMPARE · Data as of August 21, 2026
BTG vs IAG
Verdict: Side-by-side breakdown using the Bull Rankings model. BTG scored 70.4, IAG scored 57.3 — BTG leads.
Compare another set
BTG
B2Gold Corp
70.4
$5.52 · $7.3B
fundamentals as of
Score gap
13.1
BTG leads
IAG
Iamgold Corporation
57.3
$21.14 · $12.1B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestBTG9.9x
- Fastest growthIAG+74.7%
- Strongest balance sheetBTG0.11
- Highest qualityIAG84 / 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)
BTG
stronger →← stronger
IAG
76
Qualityreturns · margins · balance sheet
84
50
Growthrevenue & earnings expansion
50
92
Valuevaluation vs sector peers
45
BTG and IAG split the three pillars evenly.
Fundamentals, head-to-head
BTG
IAG
$923mC+
FCF
$849mC+
+60.9%A
Rev
+74.7%A
0.11A-
D/E
0.12A-
9.9xA
P/E
10.7xA-
0.10A
PEG
13.52D
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
BTG
IAG
57% below
Price vs fair valuelower is cheaper
48% above
~-6%/yr
Growth the price implies10-yr FCF · lower = less priced in
~17%/yr
+77%
1-yr DCF upside
-37%
+131%
5-yr DCF upside
-32%
+238%
10-yr DCF upside
-27%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
BTG
Why this score
- Cut its dividend
- Cyclical growth
IAG
Why this score
- Durable high returns
- Diluting shareholders
- Cyclical growth
The companies
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.
IAGIamgold Corporation
Why now
Gold · market cap $12.1b. 15% off the 52-week high of $24.87. Revenue growing +75% — in hypergrowth territory. 5 sell-side analysts rate this a Buy with a mean 1-yr target of $23.60 (implying +12% upside).
Moat
Net margin 26% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 17% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 116% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Beta 2.25 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Production-cost sensitivity — top-quartile cost producers generate cash through the cycle while marginal producers burn it; watch the cost-per-unit trend, not just headline revenue.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
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 BTG and IAG diverge
On the headline score the gap is 13.1 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.
- ValueBTG 92.1 · IAG 44.9BTG +47.2
- QualityBTG 75.6 · IAG 83.9IAG +8.3
- GrowthBTG 50.0 · IAG 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.