B2Gold (BTG) vs Franco-Nevada (FNV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Franco-Nevada (FNV) has outperformed B2Gold (BTG) over the past year, gaining 20.2% versus a gain of 3.6%. Over five years, FNV leads with a +74.0% price change compared with +32.9% for BTG. Franco-Nevada is the larger company by market cap ($47.23 billion vs $6.94 billion), about 6.8 times the size.
On valuation, B2Gold trades at a lower forward P/E (5.1x vs 26.2x for Franco-Nevada). B2Gold offers the higher dividend yield (1.52% vs 0.67%).
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 | BTG | FNV |
|---|---|---|
| Share price | $5.25 | $244.85 |
| Market cap | $6.94B | $47.23B |
| 1-day change | +2.54% | +1.81% |
| YTD return | +16.41% | +18.13% |
| 1-year return | +3.55% | +20.15% |
| 5-year return | +32.91% | +73.97% |
| P/E ratio (TTM) | 9.55 | 32.01 |
| Forward P/E | 5.06 | 26.19 |
| EPS (TTM) | $0.55 | $7.65 |
| Dividend yield | 1.52% | 0.67% |
| Annual dividend | $0.08 | $1.64 |
| Revenue (latest FY) | — | $1.82B |
| Revenue growth (YoY) | — | +63.69% |
| Net income (latest FY) | $401.91M | $1.11B |
| Gross margin | — | 73.91% |
| Operating margin | — | 74.29% |
| Net margin | — | 61.01% |
| 52-week high | $6.29 | $285.67 |
| 52-week low | $3.57 | $181.50 |
| Distance from 52-week high | -16.53% | -14.29% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +22.86% | +17.20% |
| Average volume | 24.20M | 796.93K |
| Shares outstanding | 1.32B | 192.87M |
| Sector | Basic Materials | Basic Materials |
| Industry | Precious Metals | Precious Metals |
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
- Franco-Nevada is about 6.8 times larger than B2Gold by market value ($47.23B vs $6.94B).
- FNV has outperformed BTG by 16.6 percentage points over the past year.
- Franco-Nevada trades at a higher earnings multiple (32.0x vs 9.5x trailing P/E).
About B2Gold
BTG stock →B2Gold Corp. operates as a gold producer company in Canada.
Basic Materials · Precious Metals
About Franco-Nevada
FNV stock →Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. The company operates through Precious Metals, Other Mining and Energy segments.
Basic Materials · Precious Metals
BTG vs FNV FAQ
Which is bigger, B2Gold or Franco-Nevada?
Franco-Nevada (FNV) is larger, with a market capitalization of $47.23B compared with $6.94B for B2Gold (BTG).
Which stock has performed better over the past year, BTG or FNV?
FNV returned +20.15% over the past 12 months, compared with +3.55% for BTG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BTG or FNV?
BTG has the lower trailing P/E at 9.5, versus 32.0 for FNV. 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, B2Gold or Franco-Nevada?
B2Gold has the higher yield at 1.52%, compared with 0.67% for Franco-Nevada.
Are B2Gold and Franco-Nevada in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.