WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Barrick Mining Corporation generates 613% more annual revenue ($20.66B vs $2.90B). B leads profitability with a 31.6% profit margin vs 28.1%. B trades at a lower P/E of 11.2x. 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: 2.34

EQX

Strong Buy

68

out of 100

Grade: B-

Growth: 10.0Profit: 8.0Value: 7.0Quality: 5.5
Piotroski: 3/9Altman Z: 1.20
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BUndervalued (+88.2%)

Margin of Safety

+88.2%

Fair Value

$371.25

Current Price

$43.68

$327.57 discount

UndervaluedFair: $371.25Overvalued
EQXUndervalued (+49.5%)

Margin of Safety

+49.5%

Fair Value

$25.44

Current Price

$12.40

$13.04 discount

UndervaluedFair: $25.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

B6 strengths · Avg: 9.8/10
P/E RatioValuation
11.2x10/10

Attractively priced relative to earnings

Profit MarginProfitability
31.6%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
51.3%10/10

Strong operational efficiency at 51.3%

Revenue GrowthGrowth
43.8%10/10

Revenue surging 43.8% year-over-year

EPS GrowthGrowth
55.3%10/10

Earnings expanding 55.3% YoY

Market CapQuality
$71.89B9/10

Large-cap with strong market position

EQX6 strengths · Avg: 9.5/10
Operating MarginProfitability
32.1%10/10

Strong operational efficiency at 32.1%

Revenue GrowthGrowth
169.3%10/10

Revenue surging 169.3% year-over-year

EPS GrowthGrowth
451.7%10/10

Earnings expanding 451.7% YoY

Debt/EquityHealth
0.0910/10

Conservative balance sheet, low leverage

Profit MarginProfitability
28.1%9/10

Keeps 28 of every $100 in revenue as profit

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Areas to Watch

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

Expensive relative to growth rate

EQX3 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Free Cash FlowQuality
$-1.34M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
1.202/10

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 31.6% and operating margin at 51.3%. Revenue growth of 43.8% demonstrates continued momentum.

Bull Case : EQX

The strongest argument for EQX centers on Operating Margin, Revenue Growth, EPS Growth. Profitability is solid with margins at 28.1% and operating margin at 32.1%. Revenue growth of 169.3% demonstrates continued momentum.

Bear Case : B

The primary concerns for B are PEG Ratio.

Bear Case : EQX

The primary concerns for EQX are Piotroski F-Score, Free Cash Flow, Altman Z-Score.

Key Dynamics to Monitor

EQX carries more volatility with a beta of 2.49 — expect wider price swings.

EQX is growing revenue faster at 169.3% — sustainability is the question.

B generates stronger free cash flow (669M), providing more financial flexibility.

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

Bottom Line

B scores higher overall (82/100 vs 68/100), backed by strong 31.6% margins and 43.8% revenue growth. EQX offers better value entry with a 49.5% 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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