B2Gold (BTG) vs Harmony Gold Mining (HMY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
B2Gold (BTG) has outperformed Harmony Gold Mining (HMY) over the past year, losing 4.7% versus a loss of 10.5%. Over five years, HMY leads with a +336.3% price change compared with +29.6% for BTG. Harmony Gold Mining is the larger company by market cap ($10.55 billion vs $6.92 billion), about 1.5 times the size.
On valuation, B2Gold trades at a lower forward P/E (5.1x vs 5.1x for Harmony Gold Mining). Harmony Gold Mining offers the higher dividend yield (75.99% vs 1.53%).
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 | HMY |
|---|---|---|
| Share price | $5.24 | $16.85 |
| Market cap | $6.92B | $10.55B |
| 1-day change | +2.34% | +2.85% |
| YTD return | +13.53% | -15.38% |
| 1-year return | -4.66% | -10.47% |
| 5-year return | +29.62% | +336.27% |
| P/E ratio (TTM) | 9.53 | 6.15 |
| Forward P/E | 5.05 | 5.10 |
| EPS (TTM) | $0.55 | $2.74 |
| Dividend yield | 1.53% | 75.99% |
| Annual dividend | $0.08 | $12.80 |
| Revenue (latest FY) | — | $1.58B |
| Revenue growth (YoY) | — | +11.86% |
| Net income (latest FY) | $401.91M | $-321.00M |
| Gross margin | — | -13.64% |
| Operating margin | — | -21.15% |
| Net margin | — | -20.27% |
| 52-week high | $6.29 | $26.06 |
| 52-week low | $3.57 | $13.03 |
| Distance from 52-week high | -16.69% | -35.36% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +23.09% | +31.73% |
| Average volume | 24.13M | 3.55M |
| Shares outstanding | 1.32B | 626.11M |
| 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
- B2Gold trades at a higher earnings multiple (9.5x vs 6.1x trailing P/E).
- Harmony Gold Mining offers a meaningfully higher dividend yield (75.99% vs 1.53%).
About B2Gold
BTG stock →B2Gold Corp. operates as a gold producer company in Canada.
Basic Materials · Precious Metals
About Harmony Gold Mining
HMY stock →Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits.
Basic Materials · Precious Metals
BTG vs HMY FAQ
Which is bigger, B2Gold or Harmony Gold Mining?
Harmony Gold Mining (HMY) is larger, with a market capitalization of $10.55B compared with $6.92B for B2Gold (BTG).
Which stock has performed better over the past year, BTG or HMY?
BTG returned -4.66% over the past 12 months, compared with -10.47% for HMY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BTG or HMY?
HMY has the lower trailing P/E at 6.1, versus 9.5 for BTG. 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 Harmony Gold Mining?
Harmony Gold Mining has the higher yield at 75.99%, compared with 1.53% for B2Gold.
Are B2Gold and Harmony Gold Mining in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.