COMPARE · Data as of October 9, 2026

BTG vs SSRM

Verdict: Side-by-side breakdown using the Bull Rankings model. BTG scored 71.5, SSRM scored 64.6 — BTG leads.
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BTG
B2Gold Corp.
Gold · Quality-Growth
71.5
$5.25 · $6.9B
fundamentals as of
Score gap
6.9
BTG leads
SSRM
SSR Mining Inc.
Gold · Quality-Growth
64.6
$35.51 · $7.2B
fundamentals as of
  • CheapestBTG9.5x
  • Fastest growthSSRM+63.7%
  • Strongest balance sheetSSRM0.00
  • Highest qualityBTG79 / 100
  • Largest discount to fair valueBTG-57%
THE BULL RANKINGS SCORECARD71.5/ 100 · BULL SCOREPEER MEDIANQUALITY78.7GROWTH50.0VALUE92.8
THE BULL RANKINGS SCORECARD64.6/ 100 · BULL SCOREPEER MEDIANQUALITY74.0GROWTH50.0VALUE73.0
BTGSSRMQuality78.774.0Growth50.050.0Value92.873.0
cheap & fastrevenue growth →← cheaper (lower multiple)51%74%+4.5x17x+off-scaleBTGoff-scaleSSRM

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.

FCFBTG$923mSSRM$321m
RevBTG+60.9%SSRM+63.7%
D/EBTG0.11SSRM0.00
P/EBTG9.5xSSRM11.9x
PEGBTG0.11SSRM0.02
BTG
stronger →← stronger
SSRM
79
Qualityreturns · margins · balance sheet
74
50
Growthrevenue & earnings expansion
50
93
Valuevaluation vs sector peers
73
BTG is stronger on 2 of 3 pillars.
BTG
SSRM
$923mC+
FCF
$321mC
+60.9%A
Rev
+63.7%A
0.11A-
D/E
0.00A
9.5xA-
P/E
11.9xA-
0.11A
PEG
0.02A
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.
BTG
SSRM
57% below
Price vs fair valuelower is cheaper
19% above
~-6%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~14%/yr
+80%
1-yr DCF upside
-26%
+132%
5-yr DCF upside
-16%
+233%
10-yr DCF upside
+1%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
BTG
Why this score
  • Cut its dividend
  • Cyclical growth
SSRM
Why this score
  • Cyclical growth
BTGB2Gold Corp.
Gold · $5.25 · beta 1.41
Why now
Gold · market cap $6.9b. 17% off the 52-week high of $6.29. Revenue growing +61% — in hypergrowth territory. PEG 0.11 — paying under fair value for the growth rate. 5 sell-side analysts rate this a Buy with a mean 1-yr target of $6.45 (implying +23% 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 23% is above 15% — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 114% of net income — earnings translate cleanly into cash.
Risk
Beta 1.41 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. 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.
SSRMSSR Mining Inc.
Gold · $35.51 · beta 0.97
Why now
Gold · market cap $7.2b. 10% off the 52-week high of $39.44. Revenue growing +64% — in hypergrowth territory. PEG 0.02 — paying under fair value for the growth rate. 5 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $43.20 (implying +22% upside).
Moat
Net margin 12% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 14% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. Mining moat is reserve quality + extraction cost per unit — top-quartile cost producers generate cash through the commodity cycle while marginal producers burn it.
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.
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 SSRM diverge

On the headline score the gap is 6.9 points in favor of BTG. The widest single difference is Value, where BTG leads by 19.8 points.

Pillars run 0–100. Value is judged against each company's own sector, so a Value 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.

Common questions

Is BTG or SSRM the better stock?

BTG scores higher: BTG 71.5, SSRM 64.6 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.

Where do BTG and SSRM differ most?

The widest gap is value, where BTG leads by 20 points on the 0–100 pillar scale. BTG also leads quality, while growth is effectively level between them.

How are BTG and SSRM scored?

Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.

How current is this comparison?

The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.