First Majestic Silver (AG) vs B2Gold (BTG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
First Majestic Silver (AG) has outperformed B2Gold (BTG) over the past year, gaining 20.2% versus a loss of 4.7%. Over five years, AG leads with a +38.5% price change compared with +29.6% for BTG. First Majestic Silver is the larger company by market cap ($8.37 billion vs $6.76 billion), about 1.2 times the size.
On valuation, B2Gold trades at a lower forward P/E (4.9x vs 17.2x for First Majestic Silver). B2Gold offers the higher dividend yield (1.56% vs 0.27%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AG | BTG |
|---|---|---|
| Share price | $16.98 | $5.12 |
| Market cap | $8.37B | $6.76B |
| 1-day change | +1.98% | +2.40% |
| YTD return | +1.92% | +13.53% |
| 1-year return | +20.17% | -4.66% |
| 5-year return | +38.50% | +29.62% |
| P/E ratio (TTM) | 24.26 | 9.31 |
| Forward P/E | 17.24 | 4.94 |
| EPS (TTM) | $0.70 | $0.55 |
| Dividend yield | 0.27% | 1.56% |
| Annual dividend | $0.046 | $0.08 |
| Revenue (latest FY) | $1.26B | — |
| Revenue growth (YoY) | +124.25% | — |
| Net income (latest FY) | $164.92M | $401.91M |
| Gross margin | 56.75% | — |
| Operating margin | 31.58% | — |
| Net margin | 13.12% | — |
| 52-week high | $32.04 | $6.29 |
| 52-week low | $10.19 | $3.57 |
| Distance from 52-week high | -47.00% | -18.60% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +45.76% | +25.98% |
| Average volume | 9.97M | 24.13M |
| Shares outstanding | 492.91M | 1.32B |
| Sector | Basic Materials | Basic Materials |
| Industry | Silver | Gold |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AG has outperformed BTG by 24.8 percentage points over the past year.
- First Majestic Silver trades at a higher earnings multiple (24.3x vs 9.3x trailing P/E).
- B2Gold offers a meaningfully higher dividend yield (1.56% vs 0.27%).
About First Majestic Silver
AG stock →First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America.
Basic Materials · Silver
About B2Gold
BTG stock →B2Gold Corp. operates as a gold producer company in Canada.
Basic Materials · Gold
AG vs BTG FAQ
Which is bigger, First Majestic Silver or B2Gold?
First Majestic Silver (AG) is larger, with a market capitalization of $8.37B compared with $6.76B for B2Gold (BTG).
Which stock has performed better over the past year, AG or BTG?
AG returned +20.17% over the past 12 months, compared with -4.66% for BTG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AG or BTG?
BTG has the lower trailing P/E at 9.3, versus 24.3 for AG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Majestic Silver or B2Gold?
B2Gold has the higher yield at 1.56%, compared with 0.27% for First Majestic Silver.
Are First Majestic Silver and B2Gold in the same industry?
Both are in the Basic Materials sector, but in different industries: Silver for First Majestic Silver and Gold for B2Gold.