First Majestic Silver (AG) vs Equinox Gold (EQX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
First Majestic Silver (AG) has outperformed Equinox Gold (EQX) over the past year, gaining 31.2% versus a loss of 4.6%. Over five years, EQX leads with a +38.4% price change compared with +35.8% for AG. Equinox Gold is the larger company by market cap ($12.78 billion vs $8.21 billion), about 1.6 times the size, while First Majestic Silver is growing revenue faster (+124.3% vs +99.1%).
On valuation, Equinox Gold trades at a lower forward P/E (7.4x vs 16.9x for First Majestic Silver). First Majestic Silver offers the higher dividend yield (0.28% vs 0.27%). First Majestic Silver converts more of its revenue into profit, with a net margin of 13.1% versus 12.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AG | EQX |
|---|---|---|
| Share price | $16.65 | $10.95 |
| Market cap | $8.21B | $12.78B |
| 1-day change | -5.07% | -3.78% |
| YTD return | -0.06% | -22.01% |
| 1-year return | +31.21% | -4.62% |
| 5-year return | +35.81% | +38.43% |
| P/E ratio (TTM) | 23.79 | 23.80 |
| Forward P/E | 16.90 | 7.42 |
| EPS (TTM) | $0.70 | $0.46 |
| Dividend yield | 0.28% | 0.27% |
| Annual dividend | $0.046 | $0.03 |
| Revenue (latest FY) | $1.26B | $1.82B |
| Revenue growth (YoY) | +124.25% | +99.07% |
| Net income (latest FY) | $164.92M | $221.47M |
| Gross margin | 56.75% | 35.38% |
| Operating margin | 31.58% | 23.79% |
| Net margin | 13.12% | 12.19% |
| 52-week high | $32.04 | $18.96 |
| 52-week low | $10.19 | $8.49 |
| Distance from 52-week high | -48.03% | -42.25% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +48.65% | +27.85% |
| Average volume | 9.96M | 13.58M |
| Shares outstanding | 492.91M | 1.17B |
| Sector | Basic Materials | Basic Materials |
| Industry | Precious Metals | Precious Metals |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AG has outperformed EQX by 35.8 percentage points over the past year.
- First Majestic Silver grew revenue faster in its latest fiscal year (+124.25% vs +99.07%).
About First Majestic Silver
AG stock →First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America.
Basic Materials · Precious Metals
About Equinox Gold
EQX stock →Equinox Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in the Americas.
Basic Materials · Precious Metals
AG vs EQX FAQ
Which is bigger, First Majestic Silver or Equinox Gold?
Equinox Gold (EQX) is larger, with a market capitalization of $12.78B compared with $8.21B for First Majestic Silver (AG).
Which stock has performed better over the past year, AG or EQX?
AG returned +31.21% over the past 12 months, compared with -4.62% for EQX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AG or EQX?
AG has the lower trailing P/E at 23.8, versus 23.8 for EQX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Majestic Silver or Equinox Gold?
First Majestic Silver has the higher yield at 0.28%, compared with 0.27% for Equinox Gold.
Are First Majestic Silver and Equinox Gold in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.