Sifting through countless of stocks in the Metals & Mining industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in B2Gold Corp. or Equinox Gold Corp. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.
Read on to learn how B2Gold Corp. and Equinox Gold Corp. compare based on key financial metrics to determine which better meets your investment needs.
About B2Gold Corp. and Equinox Gold Corp.
B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. It also owns 100% interest in the Gramalote gold project in Colombia. In addition, the company has a portfolio of other evaluation and exploration assets in Mali and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.
Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada. The company was formerly known as Trek Mining Inc. and changed its name to Equinox Gold Corp. in December 2017. Equinox Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
Latest Metals & Mining and B2Gold Corp., Equinox Gold Corp. Stock News
As of March 11, 2025, B2Gold Corp. had a $3.6 billion market capitalization, compared to the Metals & Mining median of $1.1 million. B2Gold Corp.’s stock is up 10.7% in 2025, up 1.1% in the previous five trading days and up 1.12% in the past year.
Currently, B2Gold Corp. does not have a price-earnings ratio. B2Gold Corp.’s trailing 12-month revenue is $1.9 billion with a -33.1% net profit margin. Year-over-year quarterly sales growth most recently was -2.4%. Analysts expect adjusted earnings to reach $0.423 per share for the current fiscal year. B2Gold Corp. currently has a 3.0% dividend yield.
As of March 11, 2025, Equinox Gold Corp. had a $3.0 billion market cap, putting it in the 65th percentile of all stocks. Equinox Gold Corp.’s stock is up 30.9% in 2025, up 2.8% in the previous five trading days and up 42.52% in the past year.
Currently, Equinox Gold Corp.’s price-earnings ratio is 8.8. Equinox Gold Corp.’s trailing 12-month revenue is $1.5 billion with a 22.4% net profit margin. Year-over-year quarterly sales growth most recently was 93.1%. Analysts expect adjusted earnings to reach $0.902 per share for the current fiscal year. Equinox Gold Corp. does not currently pay a dividend.
How We Compare B2Gold Corp. and Equinox Gold Corp. Stock Grades
Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.
AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at B2Gold Corp. and Equinox Gold Corp.’s stock grades to see how they measure up against one another.
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B2Gold Corp. and Equinox Gold Corp. Growth Grades
| Company | Ticker | Growth |
| B2Gold Corp. | BTG |
C |
| Equinox Gold Corp. | EQX |
B |
The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.
In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.
The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.
B2Gold Corp. has a Growth Score of 54, which is Average.
Equinox Gold Corp. has a Growth Score of 65, which is Strong.
The Growth Grade Winner: Equinox Gold Corp.
As you can clearly see from the Growth Grade breakdown above, Equinox Gold Corp. has a more attractive growth grade than B2Gold Corp.. For investors who focus solely on how a company is growing relative to other companies in the same industry, Equinox Gold Corp. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.
B2Gold Corp. and Equinox Gold Corp.’s Quality Grades
| Company | Ticker | Quality |
| B2Gold Corp. | BTG |
D |
| Equinox Gold Corp. | EQX |
D |
Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.
The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.
The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.
Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.
B2Gold Corp. has a Quality Score of 39, which is Weak.
Equinox Gold Corp. has a Quality Score of 33, which is Weak.
The Quality Stock Winner: No Clear Winner
Neither B2Gold Corp. or Equinox Gold Corp. has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if B2Gold Corp. or Equinox Gold Corp. is the better investment when it comes to quality.
B2Gold Corp. and Equinox Gold Corp.’s Momentum Grades
| Company | Ticker | Momentum |
| B2Gold Corp. | BTG |
B |
| Equinox Gold Corp. | EQX |
A |
Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.
Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.
B2Gold Corp. has a Momentum Score of 64, which is Strong.
Equinox Gold Corp. has a Momentum Score of 87, which is Very Strong.
The Momentum Grade Winner: Equinox Gold Corp.
As you can clearly see from the Momentum Grade breakdown above, Equinox Gold Corp. is considered to have stronger momentum compared to B2Gold Corp.. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Equinox Gold Corp. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.
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Other B2Gold Corp. and Equinox Gold Corp. Grades
In addition to Momentum, Growth and Quality, A+ Investor also provides grades for Value and Estimate Revisions.
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Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).
Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.
These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether B2Gold Corp. and Equinox Gold Corp. pass any of our 60+ stock screens that have outperformed the market since their creation.
So, Which Is the Better Investment, B2Gold Corp. or Equinox Gold Corp. Stock?
Overall, B2Gold Corp. stock has a Growth Score of 54, Momentum Score of 64 and Quality Score of 39.
Equinox Gold Corp. stock has a Growth Score of 65, Momentum Score of 87 and Quality Score of 33.
Comparing B2Gold Corp. and Equinox Gold Corp.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.
Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.
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AAII Disclaimer
We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.
