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AEM vs. EQX: Agnico Eagle Mines vs. Equinox Gold Stock Comparison

How do Agnico Eagle Mines (AEM) and Equinox Gold (EQX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Agnico Eagle Mines (AEM) and Equinox Gold (EQX) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.

Company profile comparison for Agnico Eagle Mines (AEM) and Equinox Gold (EQX)
Profile ItemAEMEQX
NameAgnico Eagle Mines LimitedEquinox Gold Corp.
Country/RegionCanadaCanada
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryMetals & MiningMetals & Mining
GICS Sub-IndustryGoldGold
Market Capitalization96.85 billion USD13.45 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE American
Listing DateFebruary 21, 1973January 2, 2019
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AEM
EQX
GSPC
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Agnico Eagle Mines (AEM) and Equinox Gold (EQX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Agnico Eagle Mines (AEM) and Equinox Gold (EQX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Agnico Eagle Mines (AEM) and Equinox Gold (EQX)
MetricAEMEQX
Total Return (1Y)24.35%1.87%
Total Return (3Y, Annualized)64.16%37.49%
Total Return (5Y, Annualized)32.08%8.54%

Risk Profile

Drawdown History

AEM
EQX
GSPC
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Agnico Eagle Mines (AEM) and Equinox Gold (EQX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Agnico Eagle Mines (AEM) and Equinox Gold (EQX)
MetricAEMEQX
Volatility (1Y, Annualized)49.17%63.25%
Beta (5Y)0.621.25
Max Drawdown (5Y)-45.80%-71.57%
Avg. Volume (3M)2.33M12.60M

Risk-Adjusted Performance

Risk-Return Positioning

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AEM and EQX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Agnico Eagle Mines (AEM) and Equinox Gold (EQX)
MetricAEMEQX
Sharpe Ratio (1Y)0.41-0.04
Sortino Ratio (1Y)0.59-0.06

Profitability

ROE (TTM)

Agnico Eagle Mines (AEM) at 23.24% sits in the top ROE quartile, while Equinox Gold (EQX) at 8.47% is closer to the peer norm — stronger capital efficiency for AEM.

AEM

Materials industry group

23.24%

Max
52.88%
AEM
23.24%
Q3
19.49%
Median
8.76%
Q1
-3.41%
Min
-32.81%

EQX

Materials industry group

8.47%

Max
52.88%
Q3
19.49%
Median
8.76%
EQX
8.47%
Q1
-3.41%
Min
-32.81%
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Agnico Eagle Mines (AEM) at 41.01% keeps the most of each sales dollar — above its industry’s net margin range — and Equinox Gold (EQX) at 28.09% also retains a top-quartile share.

AEM

Materials industry group

41.01%

AEM
41.01%
Max
38.66%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%

EQX

Materials industry group

28.09%

Max
38.66%
EQX
28.09%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Agnico Eagle Mines (AEM) at 55.49% and Equinox Gold (EQX) at 32.14% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

AEM

Materials industry group

55.49%

Max
66.70%
AEM
55.49%
Q3
28.92%
Median
12.56%
Q1
3.28%
Min
-14.07%

EQX

Materials industry group

32.14%

Max
66.70%
EQX
32.14%
Q3
28.92%
Median
12.56%
Q1
3.28%
Min
-14.07%
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Agnico Eagle Mines (AEM) and Equinox Gold (EQX)
MetricAEMEQX
ROE (TTM)23.24%8.47%
ROA (TTM)15.80%6.74%
Net Margin (TTM)41.01%28.09%
Operating Margin (TTM)55.49%32.14%
Gross Margin (TTM)74.52%57.60%

Growth

Revenue Growth

Both companies are growing quickly, but Equinox Gold (EQX) at 99.07% is the standout with revenue growth above its industry range; Agnico Eagle Mines (AEM) at 43.71% also sits in the top quartile.

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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Agnico Eagle Mines (AEM) at 134.39% sits in the top EPS growth quartile, while Equinox Gold (EQX) at -53.33% is closer to the peer norm — faster per-share earnings growth for AEM.

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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Agnico Eagle Mines (AEM) and Equinox Gold (EQX)
MetricAEMEQX
Revenue Growth (YoY)43.71%99.07%
Revenue Growth (3Y CAGR)27.53%24.04%
EPS Growth (YoY)134.39%-53.33%
EPS Growth (3Y CAGR)79.58%--

Financial Strength

Current Ratio (MRQ)

Agnico Eagle Mines (AEM) at 2.75 keeps current ratio within its industry’s typical mid-range, while Equinox Gold (EQX) at 1.33 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for EQX.

AEM

Materials industry group

2.75

Max
5.96
Q3
3.30
AEM
2.75
Median
2.24
Q1
1.45
Min
0.16

EQX

Materials industry group

1.33

Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
EQX
1.33
Min
0.16
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Agnico Eagle Mines (AEM) at 0.01 keeps leverage in the lower industry quartile, while Equinox Gold (EQX) at 0.13 runs a more typical debt-to-equity mix.

AEM

Materials industry group

0.01

Max
1.98
Q3
0.89
Median
0.47
Q1
0.13
AEM
0.01
Min
0.00

EQX

Materials industry group

0.13

Max
1.98
Q3
0.89
Median
0.47
EQX
0.13
Q1
0.13
Min
0.00
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Agnico Eagle Mines (AEM) and Equinox Gold (EQX)
MetricAEMEQX
Current Ratio (MRQ)2.751.33
Debt / Equity (MRQ)0.010.13
Net Debt / EBITDA-0.310.21

Dividends

Dividend Yield (TTM)

Both Agnico Eagle Mines (AEM) at 0.93% and Equinox Gold (EQX) at 0.27% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

AEM

Materials industry group

0.93%

Max
4.52%
Q3
1.85%
AEM
0.93%
Median
0.38%
Q1
0.00%
Min
0.00%

EQX

Materials industry group

0.27%

Max
4.52%
Q3
1.85%
Median
0.38%
EQX
0.27%
Q1
0.00%
Min
0.00%
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Agnico Eagle Mines (AEM) at 14.26% and Equinox Gold (EQX) at 6.25% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

AEM

Materials industry group

14.26%

Max
83.62%
Q3
41.37%
AEM
14.26%
Median
9.54%
Q1
0.00%
Min
0.00%

EQX

Materials industry group

6.25%

Max
83.62%
Q3
41.37%
Median
9.54%
EQX
6.25%
Q1
0.00%
Min
0.00%
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Agnico Eagle Mines (AEM) and Equinox Gold (EQX)
MetricAEMEQX
Dividend Yield (TTM)0.93%0.27%
Dividend Payout Ratio (TTM)14.26%6.25%

Valuation

P/E Ratio (TTM)

Both Agnico Eagle Mines (AEM) at 15.61 and Equinox Gold (EQX) at 24.00 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AEM

Materials industry group

15.61

Max
59.00
Q3
32.93
Median
18.82
AEM
15.61
Q1
11.96
Min
3.93

EQX

Materials industry group

24.00

Max
59.00
Q3
32.93
EQX
24.00
Median
18.82
Q1
11.96
Min
3.93
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Both Agnico Eagle Mines (AEM) at 6.44 and Equinox Gold (EQX) at 4.64 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

AEM

Materials industry group

6.44

Max
9.62
AEM
6.44
Q3
4.34
Median
1.87
Q1
0.73
Min
0.00

EQX

Materials industry group

4.64

Max
9.62
EQX
4.64
Q3
4.34
Median
1.87
Q1
0.73
Min
0.00
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Agnico Eagle Mines (AEM) at 3.27 and Equinox Gold (EQX) at 1.43 are valued close to their industries’ norm against book — neither stands out from peers.

AEM

Materials industry group

3.27

Max
6.59
Q3
3.55
AEM
3.27
Median
2.08
Q1
1.26
Min
-0.17

EQX

Materials industry group

1.43

Max
6.59
Q3
3.55
Median
2.08
EQX
1.43
Q1
1.26
Min
-0.17
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Agnico Eagle Mines (AEM) vs. Equinox Gold (EQX): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Agnico Eagle Mines (AEM) and Equinox Gold (EQX)
MetricAEMEQX
P/E Ratio (TTM)15.6124.00
P/S Ratio (TTM)6.444.64
P/B Ratio (MRQ)3.271.43
Free Cash Flow Yield (TTM)3.87%2.15%