EQX vs. GFI: Equinox Gold vs. Gold Fields Stock Comparison
How do Equinox Gold (EQX) and Gold Fields (GFI) 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 Gold Fields (GFI) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.
Equinox Gold (EQX) trades as ordinary local shares, while Gold Fields (GFI) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | EQX | GFI |
|---|---|---|
| Name | Equinox Gold Corp. | Gold Fields Ltd. Sponsored ADR |
| Country/Region | Canada | South Africa |
| GICS Sector | Materials | Materials |
| GICS Industry Group | Materials | Materials |
| GICS Industry | Metals & Mining | Metals & Mining |
| GICS Sub-Industry | Gold | Gold |
| Market Capitalization | 13.45 billion USD | 34.65 billion USD |
| Currency | USD | USD |
| Exchange | NYSE American | NYSE |
| Listing Date | January 2, 2019 | March 17, 1980 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | EQX | GFI |
|---|---|---|
| Total Return (1Y) | 1.87% | 9.54% |
| Total Return (3Y, Annualized) | 37.49% | 51.07% |
| Total Return (5Y, Annualized) | 8.54% | 38.08% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | EQX | GFI |
|---|---|---|
| Volatility (1Y, Annualized) | 63.25% | 60.41% |
| Beta (5Y) | 1.25 | 0.64 |
| Max Drawdown (5Y) | -71.57% | -56.22% |
| Avg. Volume (3M) | 12.60M | 3.78M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | EQX | GFI |
|---|---|---|
| Sharpe Ratio (1Y) | -0.04 | 0.09 |
| Sortino Ratio (1Y) | -0.06 | 0.12 |
Profitability
ROE (TTM)
Gold Fields (GFI) at 58.68% clears its industry range for ROE, a sharper capital-efficiency signal than Equinox Gold (EQX) at 8.47%, which is closer to a typical peer reading.
EQX
Materials industry group
8.47%
- Max
- 52.88%
- Q3
- 19.49%
- Median
- 8.76%
- EQX
- 8.47%
- Q1
- -3.41%
- Min
- -32.81%
GFI
Materials industry group
58.68%
- GFI
- 58.68%
- Max
- 52.88%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
For every dollar of sales, both Equinox Gold (EQX) at 28.09% and Gold Fields (GFI) at 38.66% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
EQX
Materials industry group
28.09%
- Max
- 38.66%
- EQX
- 28.09%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
GFI
Materials industry group
38.66%
- GFI
- 38.66%
- Max
- 38.66%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Both Equinox Gold (EQX) at 32.14% and Gold Fields (GFI) at 55.00% 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%
GFI
Materials industry group
55.00%
- Max
- 66.70%
- GFI
- 55.00%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | EQX | GFI |
|---|---|---|
| ROE (TTM) | 8.47% | 58.68% |
| ROA (TTM) | 6.74% | 28.52% |
| Net Margin (TTM) | 28.09% | 38.66% |
| Operating Margin (TTM) | 32.14% | 55.00% |
| Gross Margin (TTM) | 57.60% | 57.77% |
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; Gold Fields (GFI) at 68.24% also sits in the top quartile.
EPS Growth
Gold Fields (GFI) at 185.51% 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 GFI.
Growth Metrics
| Metric | EQX | GFI |
|---|---|---|
| Revenue Growth (YoY) | 99.07% | 68.24% |
| Revenue Growth (3Y CAGR) | 24.04% | 26.86% |
| EPS Growth (YoY) | -53.33% | 185.51% |
| EPS Growth (3Y CAGR) | -- | 71.58% |
Financial Strength
Current Ratio (MRQ)
Gold Fields (GFI) at 1.87 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
GFI
Materials industry group
1.87
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- GFI
- 1.87
- Q1
- 1.45
- Min
- 0.16
Debt / Equity (MRQ)
Both Equinox Gold (EQX) at 0.13 and Gold Fields (GFI) at 0.29 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
GFI
Materials industry group
0.29
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- GFI
- 0.29
- Q1
- 0.13
- Min
- 0.00
Financial Strength Metrics
| Metric | EQX | GFI |
|---|---|---|
| Current Ratio (MRQ) | 1.33 | 1.87 |
| Debt / Equity (MRQ) | 0.13 | 0.29 |
| Net Debt / EBITDA | 0.21 | 0.06 |
Dividends
Dividend Yield (TTM)
Equinox Gold (EQX) at 0.27% pays an industry-typical yield; Gold Fields (GFI) at 5.65% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
EQX
Materials industry group
0.27%
- Max
- 4.52%
- Q3
- 1.85%
- Median
- 0.38%
- EQX
- 0.27%
- Q1
- 0.00%
- Min
- 0.00%
GFI
Materials industry group
5.65%
- GFI
- 5.65%
- Max
- 4.52%
- Q3
- 1.85%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Equinox Gold (EQX) at 6.25% and Gold Fields (GFI) at 31.81% 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%
GFI
Materials industry group
31.81%
- Max
- 83.62%
- Q3
- 41.37%
- GFI
- 31.81%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | EQX | GFI |
|---|---|---|
| Dividend Yield (TTM) | 0.27% | 5.65% |
| Dividend Payout Ratio (TTM) | 6.25% | 31.81% |
Valuation
P/E Ratio (TTM)
Gold Fields (GFI) at 8.03 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 GFI, though growth and earnings durability still matter.
EQX
Materials industry group
24.00
- Max
- 59.00
- Q3
- 32.93
- EQX
- 24.00
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
GFI
Materials industry group
8.03
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- GFI
- 8.03
- Min
- 3.93
P/S Ratio (TTM)
Gold Fields (GFI) at 3.05 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
GFI
Materials industry group
3.05
- Max
- 9.62
- Q3
- 4.34
- GFI
- 3.05
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
Equinox Gold (EQX) at 1.43 sits near its industry’s typical P/B ratio, while Gold Fields (GFI) at 7.78 prices above its benchmark range — GFI looks rich relative to book.
EQX
Materials industry group
1.43
- Max
- 6.59
- Q3
- 3.55
- Median
- 2.08
- EQX
- 1.43
- Q1
- 1.26
- Min
- -0.17
GFI
Materials industry group
7.78
- GFI
- 7.78
- Max
- 6.59
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | EQX | GFI |
|---|---|---|
| P/E Ratio (TTM) | 24.00 | 8.03 |
| P/S Ratio (TTM) | 4.64 | 3.05 |
| P/B Ratio (MRQ) | 1.43 | 7.78 |
| Free Cash Flow Yield (TTM) | 2.15% | 12.05% |