COMPARE · Data as of August 21, 2026
BTG vs OR
Verdict: Side-by-side breakdown using the Bull Rankings model. BTG scored 70.4, OR scored 21.1 — BTG leads.
Compare another set
BTG
B2Gold Corp
70.4
$5.52 · $7.3B
fundamentals as of
Score gap
49.3
BTG leads
OR
OR Royalties Inc.
21.1
$36.54 · $6.9B
At a glance · who leads each dimension, on the model's own rules
- Fastest growthBTG+60.9%
- Strongest balance sheetBTG0.11
- Highest qualityBTG76 / 100
- Largest discount to fair valueBTG-57%
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
BTG
stronger →← stronger
OR
76
Qualityreturns · margins · balance sheet
37
50
Growthrevenue & earnings expansion
50
92
Valuevaluation vs sector peers
5
BTG is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
BTG
OR
$923mC+
FCF
-$92mF
+60.9%A
Rev
+13.5%B+
0.11A-
D/E
0.15B+
9.9xA
P/E
—
0.10A
PEG
6.55D
—
P/S
18.9xD
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
OR
57% below
Price vs fair valuelower is cheaper
—
~-6%/yr
Growth the price implies10-yr FCF · lower = less priced in
—
+77%
1-yr DCF upside
—
+131%
5-yr DCF upside
—
+238%
10-yr DCF upside
—
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
OR
Why this score
- Raising its dividend
- 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.
OROR Royalties Inc.
Why now
Gold · market cap $6.9b. Down 24% from 52-week high of $48.06 — deep drawdown territory. Revenue growing +14%, comfortably above the S&P median. 4 sell-side analysts rate this a Buy with a mean 1-yr target of $42.50 (implying +16% upside).
Moat
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
Free cash flow is negative (-$92m) — capital raises or debt issuance likely required; dilution / leverage risk. Currently unprofitable (margin -19.5%) — path to GAAP profitability is the core thesis risk. P/S 18.9x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard.
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 OR diverge
On the headline score the gap is 49.3 points in favor of BTG. The widest single difference is Value, where BTG leads by 86.9 points.
- ValueBTG 92.1 · OR 5.2BTG +86.9
- QualityBTG 75.6 · OR 36.6BTG +39.0
- GrowthBTG 50.0 · OR 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.