WallStSmart

Barrick Mining Corporation (B)vsEquinox Gold Corp (EQX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Barrick Mining Corporation generates 689% more annual revenue ($19.04B vs $2.41B). B leads profitability with a 32.1% profit margin vs 25.2%. B trades at a lower P/E of 11.9x. B earns a higher WallStSmart Score of 82/100 (A-).

B

Exceptional Buy

82

out of 100

Grade: A-

Growth: 9.3Profit: 9.0Value: 8.0Quality: 9.0
Piotroski: 7/9Altman Z: 2.38

EQX

Strong Buy

72

out of 100

Grade: B

Growth: 10.0Profit: 8.0Value: 7.0Quality: 5.5
Piotroski: 3/9Altman Z: 1.24
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BUndervalued (+88.7%)

Margin of Safety

+88.7%

Fair Value

$347.60

Current Price

$42.79

$304.81 discount

UndervaluedFair: $347.60Overvalued
EQXUndervalued (+67.7%)

Margin of Safety

+67.7%

Fair Value

$32.66

Current Price

$10.79

$21.87 discount

UndervaluedFair: $32.66Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

B6 strengths · Avg: 9.8/10
P/E RatioValuation
11.9x10/10

Attractively priced relative to earnings

Profit MarginProfitability
32.1%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
56.2%10/10

Strong operational efficiency at 56.2%

Revenue GrowthGrowth
66.7%10/10

Revenue surging 66.7% year-over-year

EPS GrowthGrowth
254.2%10/10

Earnings expanding 254.2% YoY

Market CapQuality
$72.56B9/10

Large-cap with strong market position

EQX6 strengths · Avg: 9.7/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
45.3%10/10

Strong operational efficiency at 45.3%

Revenue GrowthGrowth
224.3%10/10

Revenue surging 224.3% year-over-year

EPS GrowthGrowth
15682.0%10/10

Earnings expanding 15682.0% YoY

Profit MarginProfitability
25.2%9/10

Keeps 25 of every $100 in revenue as profit

Debt/EquityHealth
0.109/10

Conservative balance sheet, low leverage

Areas to Watch

B1 concerns · Avg: 4.0/10
PEG RatioValuation
2.044/10

Expensive relative to growth rate

EQX3 concerns · Avg: 3.0/10
P/E RatioValuation
28.5x4/10

Moderate valuation

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Altman Z-ScoreHealth
1.242/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : B

The strongest argument for B centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 32.1% and operating margin at 56.2%. Revenue growth of 66.7% demonstrates continued momentum.

Bull Case : EQX

The strongest argument for EQX centers on Price/Book, Operating Margin, Revenue Growth. Profitability is solid with margins at 25.2% and operating margin at 45.3%. Revenue growth of 224.3% demonstrates continued momentum.

Bear Case : B

The primary concerns for B are PEG Ratio.

Bear Case : EQX

The primary concerns for EQX are P/E Ratio, Piotroski F-Score, Altman Z-Score.

Key Dynamics to Monitor

EQX carries more volatility with a beta of 2.33 — expect wider price swings.

EQX is growing revenue faster at 224.3% — sustainability is the question.

B generates stronger free cash flow (1.7B), providing more financial flexibility.

Monitor GOLD industry trends, competitive dynamics, and regulatory changes.

Bottom Line

B scores higher overall (82/100 vs 72/100), backed by strong 32.1% margins and 66.7% revenue growth. EQX offers better value entry with a 67.7% margin of safety. Both earn "Exceptional Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Barrick Mining Corporation

BASIC MATERIALS · GOLD · USA

Barnes Group Inc. provides engineering products, industrial technologies, and solutions in the United States and internationally. The company is headquartered in Bristol, Connecticut.

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Equinox Gold Corp

BASIC MATERIALS · GOLD · USA

Equinox Gold Corp. The company is headquartered in Vancouver, Canada.

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