B vs. EQX: Barrick Mining vs. Equinox Gold Stock Comparison

November 11, 2026

How do Barrick Mining (B) 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

Barrick Mining (B) 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 Barrick Mining (B) and Equinox Gold (EQX)
Profile Item	B	EQX
Name	Barrick Mining Corporation	Equinox Gold Corp.
Country/Region	Canada	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Gold
Market Capitalization	66.76 billion USD	13.45 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE American
Listing Date	February 13, 1985	January 2, 2019
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EQX

GSPC

Barrick Mining (B) 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 Barrick Mining (B) and Equinox Gold (EQX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Barrick Mining (B) and Equinox Gold (EQX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Barrick Mining (B) and Equinox Gold (EQX)
Metric	B	EQX
Total Return (1Y)	30.63%	1.87%
Total Return (3Y, Annualized)	43.54%	37.49%
Total Return (5Y, Annualized)	19.79%	8.54%

Risk Profile

Drawdown History

EQX

GSPC

Barrick Mining (B) 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 Barrick Mining (B) and Equinox Gold (EQX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Barrick Mining (B) and Equinox Gold (EQX)
Metric	B	EQX
Volatility (1Y, Annualized)	47.11%	63.25%
Beta (5Y)	0.48	1.25
Max Drawdown (5Y)	-47.62%	-71.57%
Avg. Volume (3M)	9.08M	12.60M

Risk-Adjusted Performance

Risk-Return Positioning

B 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 Barrick Mining (B) and Equinox Gold (EQX)
Metric	B	EQX
Sharpe Ratio (1Y)	0.56	-0.04
Sortino Ratio (1Y)	0.80	-0.06

Profitability

ROE (TTM)

Barrick Mining (B) at 27.01% sits in the top ROE quartile, while Equinox Gold (EQX) at 8.47% is closer to the peer norm — stronger capital efficiency for B.

B

Materials industry group

27.01%

Max: 52.88%
B: 27.01%
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%

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Barrick Mining (B) at 31.60% and Equinox Gold (EQX) at 28.09% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

B

Materials industry group

31.60%

Max: 38.66%
B: 31.60%
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%

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Barrick Mining (B) at 51.34% 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.

B

Materials industry group

51.34%

Max: 66.70%
B: 51.34%
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%

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Barrick Mining (B) and Equinox Gold (EQX)
Metric	B	EQX
ROE (TTM)	27.01%	8.47%
ROA (TTM)	13.44%	6.74%
Net Margin (TTM)	31.60%	28.09%
Operating Margin (TTM)	51.34%	32.14%
Gross Margin (TTM)	56.27%	57.60%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Barrick Mining (B) at 31.22%, which is closer to a typical peer reading.

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Barrick Mining (B) at 140.16% 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 B.

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Barrick Mining (B) and Equinox Gold (EQX)
Metric	B	EQX
Revenue Growth (YoY)	31.22%	99.07%
Revenue Growth (3Y CAGR)	15.47%	24.04%
EPS Growth (YoY)	140.16%	-53.33%
EPS Growth (3Y CAGR)	130.26%	--

Financial Strength

Current Ratio (MRQ)

Barrick Mining (B) at 3.01 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.

B

Materials industry group

3.01

Max: 5.96
Q3: 3.30
B: 3.01
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

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Barrick Mining (B) at 0.13 keeps leverage in the lower industry quartile, while Equinox Gold (EQX) at 0.13 runs a more typical debt-to-equity mix.

B

Materials industry group

0.13

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
B: 0.13
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

Barrick Mining (B) 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 Barrick Mining (B) and Equinox Gold (EQX)
Metric	B	EQX
Current Ratio (MRQ)	3.01	1.33
Debt / Equity (MRQ)	0.13	0.13
Net Debt / EBITDA	-0.10	0.21

Dividends

Dividend Yield (TTM)

Both Barrick Mining (B) at 1.61% and Equinox Gold (EQX) at 0.27% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

B

Materials industry group

1.61%

Max: 4.52%
Q3: 1.85%
B: 1.61%
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%

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Barrick Mining (B) at 23.77% 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.

B

Materials industry group

23.77%

Max: 83.62%
Q3: 41.37%
B: 23.77%
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%

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Barrick Mining (B) and Equinox Gold (EQX)
Metric	B	EQX
Dividend Yield (TTM)	1.61%	0.27%
Dividend Payout Ratio (TTM)	23.77%	6.25%

Valuation

P/E Ratio (TTM)

Barrick Mining (B) at 10.48 sits in the cheaper P/E ratio quartile, while Equinox Gold (EQX) at 24.00 is closer to its industry’s usual earnings multiple — a discount for B, though growth and earnings durability still matter.

B

Materials industry group

10.48

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
B: 10.48
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

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Barrick Mining (B) at 3.23 is priced about in line with its industry on P/S ratio, while Equinox Gold (EQX) at 4.64 sits in the pricier quartile — EQX costs more per dollar of sales.

B

Materials industry group

3.23

Max: 9.62
Q3: 4.34
B: 3.23
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

Barrick Mining (B) 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 Barrick Mining (B) at 2.44 and Equinox Gold (EQX) at 1.43 are valued close to their industries’ norm against book — neither stands out from peers.

B

Materials industry group

2.44

Max: 6.59
Q3: 3.55
B: 2.44
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

Barrick Mining (B) vs. Equinox Gold (EQX): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Barrick Mining (B) and Equinox Gold (EQX)
Metric	B	EQX
P/E Ratio (TTM)	10.48	24.00
P/S Ratio (TTM)	3.23	4.64
P/B Ratio (MRQ)	2.44	1.43
Free Cash Flow Yield (TTM)	7.62%	2.15%