Equinox Gold (EQX) vs Newmont (NEM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Newmont (NEM) has outperformed Equinox Gold (EQX) over the past year, gaining 30.7% versus a loss of 7.9%. Over five years, NEM leads with a +99.1% price change compared with +40.6% for EQX. Newmont is the larger company by market cap ($121.75 billion vs $12.98 billion), about 9.4 times the size, while Equinox Gold is growing revenue faster (+99.1% vs +21.3%).
On valuation, Equinox Gold trades at a lower forward P/E (7.5x vs 11.4x for Newmont). Newmont offers the higher dividend yield (0.89% vs 0.27%). Newmont converts more of its revenue into profit, with a net margin of 31.3% 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 | EQX | NEM |
|---|---|---|
| Share price | $11.12 | $115.55 |
| Market cap | $12.98B | $121.75B |
| 1-day change | +1.55% | +1.77% |
| YTD return | -20.80% | +15.72% |
| 1-year return | -7.87% | +30.71% |
| 5-year return | +40.58% | +99.09% |
| P/E ratio (TTM) | 23.17 | 14.57 |
| Forward P/E | 7.54 | 11.39 |
| EPS (TTM) | $0.48 | $7.93 |
| Dividend yield | 0.27% | 0.89% |
| Annual dividend | $0.03 | $1.03 |
| Revenue (latest FY) | $1.82B | $22.67B |
| Revenue growth (YoY) | +99.07% | +21.34% |
| Net income (latest FY) | $221.47M | $7.08B |
| Gross margin | 35.38% | 64.33% |
| Operating margin | 23.79% | — |
| Net margin | 12.19% | 31.25% |
| 52-week high | $18.96 | $135.29 |
| 52-week low | $8.49 | $76.05 |
| Distance from 52-week high | -41.35% | -14.59% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +25.90% | +19.20% |
| Average volume | 13.48M | 7.25M |
| Shares outstanding | 1.17B | 1.05B |
| Employees | — | 17,500 |
| 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
- Newmont is about 9.4 times larger than Equinox Gold by market value ($121.75B vs $12.98B).
- NEM has outperformed EQX by 38.6 percentage points over the past year.
- Equinox Gold trades at a higher earnings multiple (23.2x vs 14.6x trailing P/E).
- Newmont is more profitable, keeping 31.3 cents of every revenue dollar as net income versus 12.2 cents for Equinox Gold.
- Equinox Gold grew revenue faster in its latest fiscal year (+99.07% vs +21.34%).
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
About Newmont
NEM stock →Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals.
Basic Materials · Precious Metals · 17,500 employees
EQX vs NEM FAQ
Which is bigger, Equinox Gold or Newmont?
Newmont (NEM) is larger, with a market capitalization of $121.75B compared with $12.98B for Equinox Gold (EQX).
Which stock has performed better over the past year, EQX or NEM?
NEM returned +30.71% over the past 12 months, compared with -7.87% for EQX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EQX or NEM?
NEM has the lower trailing P/E at 14.6, versus 23.2 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, Equinox Gold or Newmont?
Newmont has the higher yield at 0.89%, compared with 0.27% for Equinox Gold.
Are Equinox Gold and Newmont in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.