WallStSmart

Equinox Gold Corp (EQX)vsNewmont Goldcorp Corp (NEM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Newmont Goldcorp Corp generates 935% more annual revenue ($24.97B vs $2.41B). NEM leads profitability with a 33.9% profit margin vs 25.2%. NEM trades at a lower P/E of 14.2x. NEM earns a higher WallStSmart Score of 78/100 (B+).

EQX

Strong Buy

72

out of 100

Grade: B

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

NEM

Strong Buy

78

out of 100

Grade: B+

Growth: 10.0Profit: 9.0Value: 4.0Quality: 8.5
Piotroski: 7/9Altman Z: 2.11
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EQXUndervalued (+67.7%)

Margin of Safety

+67.7%

Fair Value

$32.66

Current Price

$10.79

$21.87 discount

UndervaluedFair: $32.66Overvalued
NEMSignificantly Overvalued (-63.2%)

Margin of Safety

-63.2%

Fair Value

$60.39

Current Price

$108.35

$47.96 premium

UndervaluedFair: $60.39Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

NEM6 strengths · Avg: 9.7/10
Profit MarginProfitability
33.9%10/10

Keeps 34 of every $100 in revenue as profit

Operating MarginProfitability
61.4%10/10

Strong operational efficiency at 61.4%

Revenue GrowthGrowth
45.8%10/10

Revenue surging 45.8% year-over-year

EPS GrowthGrowth
78.6%10/10

Earnings expanding 78.6% YoY

Market CapQuality
$116.90B9/10

Large-cap with strong market position

Return on EquityProfitability
24.2%9/10

Every $100 of equity generates 24 in profit

Areas to Watch

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

NEM1 concerns · Avg: 2.0/10
PEG RatioValuation
2.782/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : NEM

The strongest argument for NEM centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 33.9% and operating margin at 61.4%. Revenue growth of 45.8% demonstrates continued momentum.

Bear Case : EQX

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

Bear Case : NEM

The primary concerns for NEM are PEG Ratio.

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.

NEM generates stronger free cash flow (3.1B), providing more financial flexibility.

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

Bottom Line

NEM scores higher overall (78/100 vs 72/100), backed by strong 33.9% margins and 45.8% revenue growth. EQX offers better value entry with a 67.7% margin of safety. Both earn "Strong 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.

Equinox Gold Corp

BASIC MATERIALS · GOLD · USA

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

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Newmont Goldcorp Corp

BASIC MATERIALS · GOLD · USA

Newmont Corporation, based in Greenwood Village, Colorado, United States, is one of the largest gold mining companies in the world.

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