EQX vs. SCCO: Equinox Gold vs. Southern Copper Stock Comparison

November 11, 2026

How do Equinox Gold (EQX) and Southern Copper (SCCO) 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 Southern Copper (SCCO) both belong to the Metals & Mining industry, though EQX is classified under Gold while SCCO falls under Copper.

Company profile comparison for Equinox Gold (EQX) and Southern Copper (SCCO)
Profile Item	EQX	SCCO
Name	Equinox Gold Corp.	Southern Copper Corporation
Country/Region	Canada	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Copper
Market Capitalization	13.45 billion USD	142.73 billion USD
Currency	USD	USD
Exchange	NYSE American	NYSE
Listing Date	January 2, 2019	January 5, 1996
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EQX

SCCO

GSPC

Equinox Gold (EQX) vs. Southern Copper (SCCO), 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 Southern Copper (SCCO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Equinox Gold (EQX) and Southern Copper (SCCO)
Metric	EQX	SCCO
Total Return (1Y)	1.87%	38.53%
Total Return (3Y, Annualized)	37.49%	42.97%
Total Return (5Y, Annualized)	8.54%	30.79%

Risk Profile

Drawdown History

EQX

SCCO

GSPC

Equinox Gold (EQX) vs. Southern Copper (SCCO), 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 Southern Copper (SCCO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinox Gold (EQX) and Southern Copper (SCCO)
Metric	EQX	SCCO
Volatility (1Y, Annualized)	63.25%	52.64%
Beta (5Y)	1.25	1.15
Max Drawdown (5Y)	-71.57%	-43.07%
Avg. Volume (3M)	12.60M	1.14M

Risk-Adjusted Performance

Risk-Return Positioning

EQX and SCCO 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 Southern Copper (SCCO)
Metric	EQX	SCCO
Sharpe Ratio (1Y)	-0.04	0.65
Sortino Ratio (1Y)	-0.06	0.95

Profitability

ROE (TTM)

Southern Copper (SCCO) at 52.88% sits in the top ROE quartile, while Equinox Gold (EQX) at 8.47% is closer to the peer norm — stronger capital efficiency for SCCO.

EQX

Materials industry group

8.47%

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

SCCO

Materials industry group

52.88%

SCCO: 52.88%
Max: 52.88%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Equinox Gold (EQX) vs. Southern Copper (SCCO): 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 Southern Copper (SCCO) at 37.16% 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%

SCCO

Materials industry group

37.16%

Max: 38.66%
SCCO: 37.16%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Equinox Gold (EQX) vs. Southern Copper (SCCO): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Equinox Gold (EQX) at 32.14% and Southern Copper (SCCO) at 59.94% 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%

SCCO

Materials industry group

59.94%

Max: 66.70%
SCCO: 59.94%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Equinox Gold (EQX) vs. Southern Copper (SCCO): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Equinox Gold (EQX) and Southern Copper (SCCO)
Metric	EQX	SCCO
ROE (TTM)	8.47%	52.88%
ROA (TTM)	6.74%	27.29%
Net Margin (TTM)	28.09%	37.16%
Operating Margin (TTM)	32.14%	59.94%
Gross Margin (TTM)	57.60%	65.84%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Southern Copper (SCCO) at 17.38%, which is closer to a typical peer reading.

Equinox Gold (EQX) vs. Southern Copper (SCCO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Equinox Gold (EQX) at -53.33% and Southern Copper (SCCO) at 25.41% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Equinox Gold (EQX) vs. Southern Copper (SCCO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinox Gold (EQX) and Southern Copper (SCCO)
Metric	EQX	SCCO
Revenue Growth (YoY)	99.07%	17.38%
Revenue Growth (3Y CAGR)	24.04%	10.13%
EPS Growth (YoY)	-53.33%	25.41%
EPS Growth (3Y CAGR)	--	17.64%

Financial Strength

Current Ratio (MRQ)

Southern Copper (SCCO) at 4.31 carries current ratio above its industry’s typical mid-range, while Equinox Gold (EQX) at 1.33 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

EQX

Materials industry group

1.33

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

SCCO

Materials industry group

4.31

Max: 5.96
SCCO: 4.31
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

Equinox Gold (EQX) vs. Southern Copper (SCCO): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Equinox Gold (EQX) at 0.13 and Southern Copper (SCCO) at 0.63 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

SCCO

Materials industry group

0.63

Max: 1.98
Q3: 0.89
SCCO: 0.63
Median: 0.47
Q1: 0.13
Min: 0.00

Equinox Gold (EQX) vs. Southern Copper (SCCO): 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 Southern Copper (SCCO)
Metric	EQX	SCCO
Current Ratio (MRQ)	1.33	4.31
Debt / Equity (MRQ)	0.13	0.63
Net Debt / EBITDA	0.21	0.05

Dividends

Dividend Yield (TTM)

Southern Copper (SCCO) at 2.30% delivers top-quartile income for its industry, while Equinox Gold (EQX) at 0.27% pays a more typical yield — both are credible income propositions, SCCO the richer one.

EQX

Materials industry group

0.27%

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

SCCO

Materials industry group

2.30%

Max: 4.52%
SCCO: 2.30%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Equinox Gold (EQX) vs. Southern Copper (SCCO): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Equinox Gold (EQX) at 6.25% pays out a band-typical share of earnings, while Southern Copper (SCCO) at 52.43% distributes more than its industry norm — less retained, thinner cover.

EQX

Materials industry group

6.25%

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

SCCO

Materials industry group

52.43%

Max: 83.62%
SCCO: 52.43%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Equinox Gold (EQX) vs. Southern Copper (SCCO): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Equinox Gold (EQX) and Southern Copper (SCCO)
Metric	EQX	SCCO
Dividend Yield (TTM)	0.27%	2.30%
Dividend Payout Ratio (TTM)	6.25%	52.43%

Valuation

P/E Ratio (TTM)

Both Equinox Gold (EQX) at 24.00 and Southern Copper (SCCO) at 22.27 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

SCCO

Materials industry group

22.27

Max: 59.00
Q3: 32.93
SCCO: 22.27
Median: 18.82
Q1: 11.96
Min: 3.93

Equinox Gold (EQX) vs. Southern Copper (SCCO): 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 Southern Copper (SCCO) at 8.34 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

SCCO

Materials industry group

8.34

Max: 9.62
SCCO: 8.34
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Equinox Gold (EQX) vs. Southern Copper (SCCO): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Equinox Gold (EQX) at 1.43 sits near its industry’s typical P/B ratio, while Southern Copper (SCCO) at 10.89 prices above its benchmark range — SCCO 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

SCCO

Materials industry group

10.89

SCCO: 10.89
Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Equinox Gold (EQX) and Southern Copper (SCCO)
Metric	EQX	SCCO
P/E Ratio (TTM)	24.00	22.27
P/S Ratio (TTM)	4.64	8.34
P/B Ratio (MRQ)	1.43	10.89
Free Cash Flow Yield (TTM)	2.15%	3.91%