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EQX vs. NEM: Equinox Gold vs. Newmont Stock Comparison

How do Equinox Gold (EQX) and Newmont (NEM) 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 Newmont (NEM) 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 Equinox Gold (EQX) and Newmont (NEM)
Profile ItemEQXNEM
NameEquinox Gold Corp.Newmont Corporation
Country/RegionCanadaUnited States
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryMetals & MiningMetals & Mining
GICS Sub-IndustryGoldGold
Market Capitalization13.45 billion USD125.65 billion USD
CurrencyUSDUSD
ExchangeNYSE AmericanNYSE
Listing DateJanuary 2, 2019March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

EQX
NEM
GSPC
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Equinox Gold (EQX) vs. Newmont (NEM), 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 Newmont (NEM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Equinox Gold (EQX) and Newmont (NEM)
MetricEQXNEM
Total Return (1Y)1.87%51.53%
Total Return (3Y, Annualized)37.49%57.50%
Total Return (5Y, Annualized)8.54%20.41%

Risk Profile

Drawdown History

EQX
NEM
GSPC
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Equinox Gold (EQX) vs. Newmont (NEM), 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 Newmont (NEM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinox Gold (EQX) and Newmont (NEM)
MetricEQXNEM
Volatility (1Y, Annualized)63.25%48.55%
Beta (5Y)1.250.51
Max Drawdown (5Y)-71.57%-62.40%
Avg. Volume (3M)12.60M6.95M

Risk-Adjusted Performance

Risk-Return Positioning

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EQX and NEM 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 Newmont (NEM)
MetricEQXNEM
Sharpe Ratio (1Y)-0.040.97
Sortino Ratio (1Y)-0.061.41

Profitability

ROE (TTM)

Newmont (NEM) at 27.26% sits in the top ROE quartile, while Equinox Gold (EQX) at 8.47% is closer to the peer norm — stronger capital efficiency for NEM.

EQX

Materials industry group

8.47%

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

NEM

Materials industry group

27.26%

Max
52.88%
NEM
27.26%
Q3
19.49%
Median
8.76%
Q1
-3.41%
Min
-32.81%
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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Equinox Gold (EQX) at 28.09% and Newmont (NEM) at 34.73% 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%

NEM

Materials industry group

34.73%

Max
38.66%
NEM
34.73%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%
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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Equinox Gold (EQX) at 32.14% and Newmont (NEM) at 49.99% 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%

NEM

Materials industry group

49.99%

Max
66.70%
NEM
49.99%
Q3
28.92%
Median
12.56%
Q1
3.28%
Min
-14.07%
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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Equinox Gold (EQX) and Newmont (NEM)
MetricEQXNEM
ROE (TTM)8.47%27.26%
ROA (TTM)6.74%16.37%
Net Margin (TTM)28.09%34.73%
Operating Margin (TTM)32.14%49.99%
Gross Margin (TTM)57.60%68.04%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Newmont (NEM) at 21.34%, which is closer to a typical peer reading.

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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Newmont (NEM) at 118.84% 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 NEM.

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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinox Gold (EQX) and Newmont (NEM)
MetricEQXNEM
Revenue Growth (YoY)99.07%21.34%
Revenue Growth (3Y CAGR)24.04%23.91%
EPS Growth (YoY)-53.33%118.84%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Newmont (NEM) at 2.45 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

NEM

Materials industry group

2.45

Max
5.96
Q3
3.30
NEM
2.45
Median
2.24
Q1
1.45
Min
0.16
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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Equinox Gold (EQX) at 0.13 and Newmont (NEM) at 0.16 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

NEM

Materials industry group

0.16

Max
1.98
Q3
0.89
Median
0.47
NEM
0.16
Q1
0.13
Min
0.00
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Equinox Gold (EQX) vs. Newmont (NEM): 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 Newmont (NEM)
MetricEQXNEM
Current Ratio (MRQ)1.332.45
Debt / Equity (MRQ)0.130.16
Net Debt / EBITDA0.21-0.18

Dividends

Dividend Yield (TTM)

Both Equinox Gold (EQX) at 0.27% and Newmont (NEM) at 0.87% 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%

NEM

Materials industry group

0.87%

Max
4.52%
Q3
1.85%
NEM
0.87%
Median
0.38%
Q1
0.00%
Min
0.00%
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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equinox Gold (EQX) at 6.25% and Newmont (NEM) at 11.95% 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%

NEM

Materials industry group

11.95%

Max
83.62%
Q3
41.37%
NEM
11.95%
Median
9.54%
Q1
0.00%
Min
0.00%
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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Equinox Gold (EQX) and Newmont (NEM)
MetricEQXNEM
Dividend Yield (TTM)0.27%0.87%
Dividend Payout Ratio (TTM)6.25%11.95%

Valuation

P/E Ratio (TTM)

Both Equinox Gold (EQX) at 24.00 and Newmont (NEM) at 14.03 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

NEM

Materials industry group

14.03

Max
59.00
Q3
32.93
Median
18.82
NEM
14.03
Q1
11.96
Min
3.93
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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Both Equinox Gold (EQX) at 4.64 and Newmont (NEM) at 4.72 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

EQX

Materials industry group

4.64

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

NEM

Materials industry group

4.72

Max
9.62
NEM
4.72
Q3
4.34
Median
1.87
Q1
0.73
Min
0.00
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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Equinox Gold (EQX) at 1.43 and Newmont (NEM) at 3.53 are valued close to their industries’ norm against book — neither stands out from peers.

EQX

Materials industry group

1.43

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

NEM

Materials industry group

3.53

Max
6.59
Q3
3.55
NEM
3.53
Median
2.08
Q1
1.26
Min
-0.17
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Equinox Gold (EQX) vs. Newmont (NEM): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Equinox Gold (EQX) and Newmont (NEM)
MetricEQXNEM
P/E Ratio (TTM)24.0014.03
P/S Ratio (TTM)4.644.72
P/B Ratio (MRQ)1.433.53
Free Cash Flow Yield (TTM)2.15%7.29%