WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Newmont Goldcorp Corp generates 789% more annual revenue ($25.77B vs $2.90B). NEM leads profitability with a 33.4% profit margin vs 28.1%. NEM trades at a lower P/E of 16.0x. NEM earns a higher WallStSmart Score of 70/100 (B).

EQX

Strong Buy

68

out of 100

Grade: B-

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

NEM

Strong Buy

70

out of 100

Grade: B

Growth: 8.0Profit: 9.5Value: 5.0Quality: 8.5
Piotroski: 7/9Altman Z: 2.21
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EQXUndervalued (+49.5%)

Margin of Safety

+49.5%

Fair Value

$25.44

Current Price

$12.40

$13.04 discount

UndervaluedFair: $25.44Overvalued

Intrinsic value data unavailable for NEM.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

NEM6 strengths · Avg: 9.2/10
Profit MarginProfitability
33.4%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
51.6%10/10

Strong operational efficiency at 51.6%

Market CapQuality
$133.62B9/10

Large-cap with strong market position

Return on EquityProfitability
24.3%9/10

Every $100 of equity generates 24 in profit

Debt/EquityHealth
0.159/10

Conservative balance sheet, low leverage

P/E RatioValuation
16.0x8/10

Attractively priced relative to earnings

Areas to Watch

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

NEM1 concerns · Avg: 2.0/10
PEG RatioValuation
2.832/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : NEM

The strongest argument for NEM centers on Profit Margin, Operating Margin, Market Cap. Profitability is solid with margins at 33.4% and operating margin at 51.6%. Revenue growth of 15.1% demonstrates continued momentum.

Bear Case : EQX

The primary concerns for EQX are Piotroski F-Score, Free Cash Flow, 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 2.49 — expect wider price swings.

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

NEM generates stronger free cash flow (2.2B), providing more financial flexibility.

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

Bottom Line

NEM scores higher overall (70/100 vs 68/100), backed by strong 33.4% margins and 15.1% revenue growth. EQX offers better value entry with a 49.5% 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.

Visit Website →

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