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EQX vs. FCX: Equinox Gold vs. Freeport-McMoRan Stock Comparison

How do Equinox Gold (EQX) and Freeport-McMoRan (FCX) 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

Equinox Gold (EQX) and Freeport-McMoRan (FCX) both belong to the Metals & Mining industry, though EQX is classified under Gold while FCX falls under Copper.

Company profile comparison for Equinox Gold (EQX) and Freeport-McMoRan (FCX)
Profile ItemEQXFCX
NameEquinox Gold Corp.Freeport-McMoRan Inc.
Country/RegionCanadaUnited States
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryMetals & MiningMetals & Mining
GICS Sub-IndustryGoldCopper
Market Capitalization13.45 billion USD85.33 billion USD
CurrencyUSDUSD
ExchangeNYSE AmericanNYSE
Listing DateJanuary 2, 2019July 10, 1995
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

EQX
FCX
GSPC
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX), 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 Equinox Gold (EQX) and Freeport-McMoRan (FCX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Equinox Gold (EQX) and Freeport-McMoRan (FCX)
MetricEQXFCX
Total Return (1Y)1.87%58.58%
Total Return (3Y, Annualized)37.49%24.99%
Total Return (5Y, Annualized)8.54%11.32%

Risk Profile

Drawdown History

EQX
FCX
GSPC
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX), 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 Equinox Gold (EQX) and Freeport-McMoRan (FCX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinox Gold (EQX) and Freeport-McMoRan (FCX)
MetricEQXFCX
Volatility (1Y, Annualized)63.25%48.40%
Beta (5Y)1.251.37
Max Drawdown (5Y)-71.57%-51.26%
Avg. Volume (3M)12.60M12.34M

Risk-Adjusted Performance

Risk-Return Positioning

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EQX and FCX 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 Equinox Gold (EQX) and Freeport-McMoRan (FCX)
MetricEQXFCX
Sharpe Ratio (1Y)-0.041.12
Sortino Ratio (1Y)-0.061.61

Profitability

ROE (TTM)

Both Equinox Gold (EQX) at 8.47% and Freeport-McMoRan (FCX) at 15.72% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

EQX

Materials industry group

8.47%

Max
52.88%
Q3
19.49%
Median
8.76%
EQX
8.47%
Q1
-3.41%
Min
-32.81%

FCX

Materials industry group

15.72%

Max
52.88%
Q3
19.49%
FCX
15.72%
Median
8.76%
Q1
-3.41%
Min
-32.81%
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Equinox Gold (EQX) at 28.09% retains a top-quartile share of revenue as profit, ahead of Freeport-McMoRan (FCX) at 13.03%, which keeps about the industry-typical share.

EQX

Materials industry group

28.09%

Max
38.66%
EQX
28.09%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%

FCX

Materials industry group

13.03%

Max
38.66%
Q3
15.98%
FCX
13.03%
Median
5.28%
Q1
0.00%
Min
-20.40%
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Equinox Gold (EQX) at 32.14% and Freeport-McMoRan (FCX) at 35.26% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

EQX

Materials industry group

32.14%

Max
66.70%
EQX
32.14%
Q3
28.92%
Median
12.56%
Q1
3.28%
Min
-14.07%

FCX

Materials industry group

35.26%

Max
66.70%
FCX
35.26%
Q3
28.92%
Median
12.56%
Q1
3.28%
Min
-14.07%
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Equinox Gold (EQX) and Freeport-McMoRan (FCX)
MetricEQXFCX
ROE (TTM)8.47%15.72%
ROA (TTM)6.74%7.99%
Net Margin (TTM)28.09%13.03%
Operating Margin (TTM)32.14%35.26%
Gross Margin (TTM)57.60%38.86%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Freeport-McMoRan (FCX) at 1.81%, which is closer to a typical peer reading.

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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Equinox Gold (EQX) at -53.33% and Freeport-McMoRan (FCX) at 16.92% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinox Gold (EQX) and Freeport-McMoRan (FCX)
MetricEQXFCX
Revenue Growth (YoY)99.07%1.81%
Revenue Growth (3Y CAGR)24.04%4.39%
EPS Growth (YoY)-53.33%16.92%
EPS Growth (3Y CAGR)---14.00%

Financial Strength

Current Ratio (MRQ)

Freeport-McMoRan (FCX) at 2.02 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.

EQX

Materials industry group

1.33

Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
EQX
1.33
Min
0.16

FCX

Materials industry group

2.02

Max
5.96
Q3
3.30
Median
2.24
FCX
2.02
Q1
1.45
Min
0.16
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Equinox Gold (EQX) at 0.13 and Freeport-McMoRan (FCX) at 0.31 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EQX

Materials industry group

0.13

Max
1.98
Q3
0.89
Median
0.47
EQX
0.13
Q1
0.13
Min
0.00

FCX

Materials industry group

0.31

Max
1.98
Q3
0.89
Median
0.47
FCX
0.31
Q1
0.13
Min
0.00
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinox Gold (EQX) and Freeport-McMoRan (FCX)
MetricEQXFCX
Current Ratio (MRQ)1.332.02
Debt / Equity (MRQ)0.130.31
Net Debt / EBITDA0.210.60

Dividends

Dividend Yield (TTM)

Both Equinox Gold (EQX) at 0.27% and Freeport-McMoRan (FCX) at 1.04% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

EQX

Materials industry group

0.27%

Max
4.52%
Q3
1.85%
Median
0.38%
EQX
0.27%
Q1
0.00%
Min
0.00%

FCX

Materials industry group

1.04%

Max
4.52%
Q3
1.85%
FCX
1.04%
Median
0.38%
Q1
0.00%
Min
0.00%
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equinox Gold (EQX) at 6.25% and Freeport-McMoRan (FCX) at 25.21% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQX

Materials industry group

6.25%

Max
83.62%
Q3
41.37%
Median
9.54%
EQX
6.25%
Q1
0.00%
Min
0.00%

FCX

Materials industry group

25.21%

Max
83.62%
Q3
41.37%
FCX
25.21%
Median
9.54%
Q1
0.00%
Min
0.00%
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Equinox Gold (EQX) and Freeport-McMoRan (FCX)
MetricEQXFCX
Dividend Yield (TTM)0.27%1.04%
Dividend Payout Ratio (TTM)6.25%25.21%

Valuation

P/E Ratio (TTM)

Both Equinox Gold (EQX) at 24.00 and Freeport-McMoRan (FCX) at 24.97 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EQX

Materials industry group

24.00

Max
59.00
Q3
32.93
EQX
24.00
Median
18.82
Q1
11.96
Min
3.93

FCX

Materials industry group

24.97

Max
59.00
Q3
32.93
FCX
24.97
Median
18.82
Q1
11.96
Min
3.93
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Freeport-McMoRan (FCX) 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.

EQX

Materials industry group

4.64

Max
9.62
EQX
4.64
Q3
4.34
Median
1.87
Q1
0.73
Min
0.00

FCX

Materials industry group

3.23

Max
9.62
Q3
4.34
FCX
3.23
Median
1.87
Q1
0.73
Min
0.00
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Equinox Gold (EQX) at 1.43 is valued about in line with its industry on P/B ratio, while Freeport-McMoRan (FCX) at 3.97 carries an above-peer premium to book — FCX is pricier on assets.

EQX

Materials industry group

1.43

Max
6.59
Q3
3.55
Median
2.08
EQX
1.43
Q1
1.26
Min
-0.17

FCX

Materials industry group

3.97

Max
6.59
FCX
3.97
Q3
3.55
Median
2.08
Q1
1.26
Min
-0.17
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Equinox Gold (EQX) vs. Freeport-McMoRan (FCX): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Equinox Gold (EQX) and Freeport-McMoRan (FCX)
MetricEQXFCX
P/E Ratio (TTM)24.0024.97
P/S Ratio (TTM)4.643.23
P/B Ratio (MRQ)1.433.97
Free Cash Flow Yield (TTM)2.15%2.19%