EQX vs. RGLD: Equinox Gold vs. Royal Gold Stock Comparison
How do Equinox Gold (EQX) and Royal Gold (RGLD) 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 Royal Gold (RGLD) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.
| Profile Item | EQX | RGLD |
|---|---|---|
| Name | Equinox Gold Corp. | Royal Gold, Inc. |
| Country/Region | Canada | United States |
| 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 | 22.47 billion USD |
| Currency | USD | USD |
| Exchange | NYSE American | Nasdaq |
| Listing Date | January 2, 2019 | June 9, 1981 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | EQX | RGLD |
|---|---|---|
| Total Return (1Y) | 1.87% | 60.60% |
| Total Return (3Y, Annualized) | 37.49% | 39.65% |
| Total Return (5Y, Annualized) | 8.54% | 23.26% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Equinox Gold (EQX) is heavily traded at around 12.60M shares per day, whereas Royal Gold (RGLD) sees a more moderate 667.01K — larger orders in the latter may require more patience and tighter control over order sizing.
| Metric | EQX | RGLD |
|---|---|---|
| Volatility (1Y, Annualized) | 63.25% | 41.91% |
| Beta (5Y) | 1.25 | 0.39 |
| Max Drawdown (5Y) | -71.57% | -40.73% |
| Avg. Volume (3M) | 12.60M | 667.01K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | EQX | RGLD |
|---|---|---|
| Sharpe Ratio (1Y) | -0.04 | 1.34 |
| Sortino Ratio (1Y) | -0.06 | 2.00 |
Profitability
ROE (TTM)
Both Equinox Gold (EQX) at 8.47% and Royal Gold (RGLD) at 15.03% 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%
RGLD
Materials industry group
15.03%
- Max
- 52.88%
- Q3
- 19.49%
- RGLD
- 15.03%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Royal Gold (RGLD) at 47.99% 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.
EQX
Materials industry group
28.09%
- Max
- 38.66%
- EQX
- 28.09%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
RGLD
Materials industry group
47.99%
- RGLD
- 47.99%
- 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 Royal Gold (RGLD) at 65.85% 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%
RGLD
Materials industry group
65.85%
- Max
- 66.70%
- RGLD
- 65.85%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | EQX | RGLD |
|---|---|---|
| ROE (TTM) | 8.47% | 15.03% |
| ROA (TTM) | 6.74% | 9.97% |
| Net Margin (TTM) | 28.09% | 47.99% |
| Operating Margin (TTM) | 32.14% | 65.85% |
| Gross Margin (TTM) | 57.60% | 86.63% |
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; Royal Gold (RGLD) at 43.24% also sits in the top quartile.
EPS Growth
Both Equinox Gold (EQX) at -53.33% and Royal Gold (RGLD) at 32.74% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | EQX | RGLD |
|---|---|---|
| Revenue Growth (YoY) | 99.07% | 43.24% |
| Revenue Growth (3Y CAGR) | 24.04% | 19.54% |
| EPS Growth (YoY) | -53.33% | 32.74% |
| EPS Growth (3Y CAGR) | -- | 22.60% |
Financial Strength
Current Ratio (MRQ)
Royal Gold (RGLD) at 2.40 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
RGLD
Materials industry group
2.40
- Max
- 5.96
- Q3
- 3.30
- RGLD
- 2.40
- Median
- 2.24
- Q1
- 1.45
- Min
- 0.16
Debt / Equity (MRQ)
Royal Gold (RGLD) at 0.02 keeps leverage in the lower industry quartile, while Equinox Gold (EQX) at 0.13 runs a more typical debt-to-equity mix.
EQX
Materials industry group
0.13
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- EQX
- 0.13
- Q1
- 0.13
- Min
- 0.00
RGLD
Materials industry group
0.02
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- RGLD
- 0.02
- Min
- 0.00
Financial Strength Metrics
| Metric | EQX | RGLD |
|---|---|---|
| Current Ratio (MRQ) | 1.33 | 2.40 |
| Debt / Equity (MRQ) | 0.13 | 0.02 |
| Net Debt / EBITDA | 0.21 | -0.03 |
Dividends
Dividend Yield (TTM)
Both Equinox Gold (EQX) at 0.27% and Royal Gold (RGLD) at 0.74% 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%
RGLD
Materials industry group
0.74%
- Max
- 4.52%
- Q3
- 1.85%
- RGLD
- 0.74%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Equinox Gold (EQX) at 6.25% and Royal Gold (RGLD) at 19.41% 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%
RGLD
Materials industry group
19.41%
- Max
- 83.62%
- Q3
- 41.37%
- RGLD
- 19.41%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | EQX | RGLD |
|---|---|---|
| Dividend Yield (TTM) | 0.27% | 0.74% |
| Dividend Payout Ratio (TTM) | 6.25% | 19.41% |
Valuation
P/E Ratio (TTM)
Both Equinox Gold (EQX) at 24.00 and Royal Gold (RGLD) at 27.15 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
RGLD
Materials industry group
27.15
- Max
- 59.00
- Q3
- 32.93
- RGLD
- 27.15
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
P/S Ratio (TTM)
Both look expensive on sales: Equinox Gold (EQX) at 4.64 sits in the upper P/S ratio quartile, and Royal Gold (RGLD) at 12.86 prices even higher, above its industry range.
EQX
Materials industry group
4.64
- Max
- 9.62
- EQX
- 4.64
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
RGLD
Materials industry group
12.86
- RGLD
- 12.86
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
On P/B ratio, both Equinox Gold (EQX) at 1.43 and Royal Gold (RGLD) at 2.91 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
RGLD
Materials industry group
2.91
- Max
- 6.59
- Q3
- 3.55
- RGLD
- 2.91
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | EQX | RGLD |
|---|---|---|
| P/E Ratio (TTM) | 24.00 | 27.15 |
| P/S Ratio (TTM) | 4.64 | 12.86 |
| P/B Ratio (MRQ) | 1.43 | 2.91 |
| Free Cash Flow Yield (TTM) | 2.15% | 4.24% |