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EQX vs. SUZ: Equinox Gold vs. Suzano Stock Comparison

How do Equinox Gold (EQX) and Suzano (SUZ) 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 Suzano (SUZ) both fall under the Materials industry group, but EQX is classified in Metals & Mining while SUZ is classified in Paper & Forest Products.

Equinox Gold (EQX) trades as ordinary local shares, while Suzano (SUZ) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Equinox Gold (EQX) and Suzano (SUZ)
Profile ItemEQXSUZ
NameEquinox Gold Corp.Suzano S.A. - Sponsored ADR
Country/RegionCanadaBrazil
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryMetals & MiningPaper & Forest Products
GICS Sub-IndustryGoldPaper Products
Market Capitalization13.45 billion USD11.90 billion USD
CurrencyUSDUSD
ExchangeNYSE AmericanNYSE
Listing DateJanuary 2, 2019November 4, 2008
Security TypeCommon StockADR

Price Performance

Cumulative Growth

EQX
SUZ
GSPC
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Equinox Gold (EQX) vs. Suzano (SUZ), 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 Suzano (SUZ). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Equinox Gold (EQX) and Suzano (SUZ)
MetricEQXSUZ
Total Return (1Y)1.87%9.33%
Total Return (3Y, Annualized)37.49%-1.70%
Total Return (5Y, Annualized)8.54%4.04%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Equinox Gold (EQX) and Suzano (SUZ)
MetricEQXSUZ
Volatility (1Y, Annualized)63.25%30.42%
Beta (5Y)1.250.56
Max Drawdown (5Y)-71.57%-38.50%
Avg. Volume (3M)12.60M3.57M

Risk-Adjusted Performance

Risk-Return Positioning

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EQX and SUZ 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 Suzano (SUZ)
MetricEQXSUZ
Sharpe Ratio (1Y)-0.040.17
Sortino Ratio (1Y)-0.060.26

Profitability

ROE (TTM)

Both Equinox Gold (EQX) at 8.47% and Suzano (SUZ) at 16.20% 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%

SUZ

Materials industry group

16.20%

Max
52.88%
Q3
19.49%
SUZ
16.20%
Median
8.76%
Q1
-3.41%
Min
-32.81%
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Equinox Gold (EQX) vs. Suzano (SUZ): 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 Suzano (SUZ) at 15.94%, 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%

SUZ

Materials industry group

15.94%

Max
38.66%
Q3
15.98%
SUZ
15.94%
Median
5.28%
Q1
0.00%
Min
-20.40%
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Equinox Gold (EQX) vs. Suzano (SUZ): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Equinox Gold (EQX) at 32.14% operates in the top operating margin quartile, ahead of Suzano (SUZ) at 9.76%, which runs around its industry’s norm.

EQX

Materials industry group

32.14%

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

SUZ

Materials industry group

9.76%

Max
66.70%
Q3
28.92%
Median
12.56%
SUZ
9.76%
Q1
3.28%
Min
-14.07%
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Equinox Gold (EQX) vs. Suzano (SUZ): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Equinox Gold (EQX) and Suzano (SUZ)
MetricEQXSUZ
ROE (TTM)8.47%16.20%
ROA (TTM)6.74%2.54%
Net Margin (TTM)28.09%15.94%
Operating Margin (TTM)32.14%9.76%
Gross Margin (TTM)57.60%26.68%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Suzano (SUZ) at 5.72%, which is closer to a typical peer reading.

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

EPS Growth

Only one side can be read here: Equinox Gold (EQX) reports EPS growth of -53.33%, ranked against its industry; Suzano (SUZ) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for Equinox Gold (EQX) and Suzano (SUZ)
MetricEQXSUZ
Revenue Growth (YoY)99.07%5.72%
Revenue Growth (3Y CAGR)24.04%0.19%
EPS Growth (YoY)-53.33%--
EPS Growth (3Y CAGR)---14.94%

Financial Strength

Current Ratio (MRQ)

Suzano (SUZ) at 2.54 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

SUZ

Materials industry group

2.54

Max
5.96
Q3
3.30
SUZ
2.54
Median
2.24
Q1
1.45
Min
0.16
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Equinox Gold (EQX) vs. Suzano (SUZ): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Equinox Gold (EQX) at 0.13 carries an industry-typical debt-to-equity mix, while Suzano (SUZ) at 1.83 uses more debt funding than most peers.

EQX

Materials industry group

0.13

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

SUZ

Materials industry group

1.83

Max
1.98
SUZ
1.83
Q3
0.89
Median
0.47
Q1
0.13
Min
0.00
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Equinox Gold (EQX) vs. Suzano (SUZ): 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 Suzano (SUZ)
MetricEQXSUZ
Current Ratio (MRQ)1.332.54
Debt / Equity (MRQ)0.131.83
Net Debt / EBITDA0.214.28

Dividends

Dividend Yield (TTM)

Both Equinox Gold (EQX) at 0.27% and Suzano (SUZ) at 0.05% 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%

SUZ

Materials industry group

0.05%

Max
4.52%
Q3
1.85%
Median
0.38%
SUZ
0.05%
Q1
0.00%
Min
0.00%
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Equinox Gold (EQX) vs. Suzano (SUZ): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equinox Gold (EQX) at 6.25% and Suzano (SUZ) at 17.55% 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%

SUZ

Materials industry group

17.55%

Max
83.62%
Q3
41.37%
SUZ
17.55%
Median
9.54%
Q1
0.00%
Min
0.00%
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Equinox Gold (EQX) vs. Suzano (SUZ): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Equinox Gold (EQX) and Suzano (SUZ)
MetricEQXSUZ
Dividend Yield (TTM)0.27%0.05%
Dividend Payout Ratio (TTM)6.25%17.55%

Valuation

P/E Ratio (TTM)

Suzano (SUZ) at 7.49 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 SUZ, 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

SUZ

Materials industry group

7.49

Max
59.00
Q3
32.93
Median
18.82
Q1
11.96
SUZ
7.49
Min
3.93
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Equinox Gold (EQX) vs. Suzano (SUZ): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Suzano (SUZ) at 0.23 looks cheap on sales in the lower P/S ratio quartile, while Equinox Gold (EQX) at 4.64 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

EQX

Materials industry group

4.64

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

SUZ

Materials industry group

0.23

Max
9.62
Q3
4.34
Median
1.87
Q1
0.73
SUZ
0.23
Min
0.00
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Equinox Gold (EQX) vs. Suzano (SUZ): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Suzano (SUZ) at 1.16 sits in the lower P/B ratio quartile against book while Equinox Gold (EQX) at 1.43 is valued near its industry’s middle — SUZ is cheaper on assets, though weigh it against ROE and asset quality.

EQX

Materials industry group

1.43

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

SUZ

Materials industry group

1.16

Max
6.59
Q3
3.55
Median
2.08
Q1
1.26
SUZ
1.16
Min
-0.17
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Equinox Gold (EQX) vs. Suzano (SUZ): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Equinox Gold (EQX) and Suzano (SUZ)
MetricEQXSUZ
P/E Ratio (TTM)24.007.49
P/S Ratio (TTM)4.640.23
P/B Ratio (MRQ)1.431.16
Free Cash Flow Yield (TTM)2.15%-7.73%