AEM vs EQX vs EGO Stock Comparison

Agnico Eagle Mines, Equinox Gold and Eldorado Gold Prices as of Oct 27, 2026 Peers: Industry group
AEM Agnico Eagle Mines Ltd
$180.70 -7.1% 1M +16.5% 1Y
Market cap
$90.36B
P/E
15.4x
Revenue (TTM)
$14.53B
Div. yield
0.97%
Gold Basic Materials
7 wins
EQX Equinox Gold Corp.
$10.43 -12.4% 1M -1.4% 1Y
Market cap
$8.19B
P/E
13.3x
Revenue (TTM)
$2.41B
Div. yield
0.38%
Gold Basic Materials
2 wins
EGO Eldorado Gold Corp /Fi
$34.17 -18.5% 1M +36.1% 1Y
Market cap
$6.79B
P/E
12.2x
Revenue (TTM)
$17.96B
Div. yield
0.61%
Gold Basic Materials
3 wins

Head to Head

12 decided of 12

Agnico Eagle Mines leads on 7 of the 12 questions below (Agnico Eagle Mines 7, Eldorado Gold 3, Equinox Gold 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAEMEQXEGOLeader
Larger companyMarket capitalisation $90.36B $8.19B $6.79B AEM
Cheaper on earningsLower P/E, profitable companies only 15.4x 13.3x 12.2x EGO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.5x 10.4x 11.4x EQX
Faster revenue growthRevenue growth, trailing twelve months +50.3% +98.8% +37.9% EQX
More profitableNet margin, trailing twelve months 40.4% 20.5% 3.2% AEM
Better return on capitalReturn on invested capital 23.3% 9.9% 10.0% AEM
Less leveragedLower net debt / EBITDA -0.3x 0.1x 1.0x AEM
Higher dividend yieldTrailing dividend yield 0.97% 0.38% 0.61% AEM
Better 1-year returnPrice return, last 12 months +16.5% -1.4% +36.1% EGO
Better 5-year returnAnnualised price return, 5 years +26.7%/yr +6.1%/yr +28.8%/yr EGO
Less volatileAnnualised volatility, 1 year 48.1% 62.5% 59.8% AEM
Higher overall scoreMean of the five percentile scores vs peers 78/100 71/100 59/100 AEM

Percentile Scorecard

AEMEQXEGO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAEMEQXEGO
Valuation 65 #58 of 162 81 #31 of 162 91 #16 of 162
Growth 74 #39 of 147 100 #1 of 147 80 #30 of 147
Profitability 95 #7 of 122 69 #39 of 122 47 #65 of 122
Financial Health 76 #40 of 164 62 #63 of 164 31 #113 of 164
Shareholder Returns 78 #24 of 107 41 #64 of 107 46 #58 of 107
Overall 78 71 59
  • AEM ranked among 176 companies in Metals and Mining
  • EQX ranked among 176 companies in Metals and Mining
  • EGO ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAEMEQXEGOSPY
1 month -7.1%-12.4%-18.5% -0.2%
3 months +25.7%+14.1%+6.0% +3.9%
6 months -4.5%-24.6%+11.3% +8.2%
Year to date +6.6%-25.7%-4.9% +12.9%
1 year +16.5%-1.4%+36.1% +12.3%
3 years +270.4%+126.2%+217.0% +87.4%
3 years, per year +54.8%+31.3%+46.9% +23.3%
5 years +226.2%+34.4%+254.8% +67.9%
5 years, per year +26.7%+6.1%+28.8% +10.9%
10 years +270.5%+40.6%+105.2% +261.1%
10 years, per year +14.0%+3.5%+7.5% +13.7%

Risk

MeasureAEMEQXEGOSPY
Volatility, 1Y 48.1%62.5%59.8% 12.7%
Downside volatility, 1Y 50.9%64.9%60.6% 12.7%
Beta vs S&P 500, 1Y 1.742.102.00 1.00
Return / volatility, 1Y 0.34-0.020.60 0.97
Max drawdown, 5Y -45.9%-71.6%-57.7% -25.4%
From 52-week high -28.3%-44.4%-31.3% -1.2%
52-week high $252.19$18.76$49.71 $779.14
52-week low $136.36$8.61$24.93 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAEMEQXEGO
P/E now vs peer median 15.4xmedian 13.3x 13.3xmedian 13.3x 12.2xmedian 13.3x
P/S now vs peer median 6.2xmedian 3.2x 3.4xmedian 3.2x 0.4xmedian 3.2x
EV/EBITDA now vs peer median 7.7xmedian 7.3x 6.6xmedian 7.3x 6.8xmedian 7.3x
P/FCF now vs peer median 16.6xmedian 14.7x —median 14.7x 258.0xmedian 14.7x
P/B now vs peer median 3.2xmedian 2.2x 1.3xmedian 2.2x 1.0xmedian 2.2x
PEG now vs peer median 0.54median 0.31 0.09median 0.31 0.05median 0.31

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAEMEQXEGO
Revenue $14.53B $2.41B $17.96B
Gross profit $9.99B – $1.05B
Operating income $9.64B $740.90M $925.10M
Net income $5.87B $1.74B $598.92M
Free cash flow $5.43B – $26.30M
R&D $226.87M $25.27M $45.06M
EPS (diluted) $11.67 $0.78 $2.77
Cash & equivalents $3.46B $317.78M $554.56M
Total debt $785.64M $553.95M $1.75B
Shares (diluted) 503.43M 630.31M 205.41M
Enterprise value $79.99B $6.15B $3.54B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAEMEQXEGO
P/E 15.4x 13.3x 12.2x
P/FCF 16.6x – 258.0x
P/Operating cash flow 12.2x – 14.7x
P/S 6.2x 3.4x 0.4x
P/B 3.2x 1.3x 1.0x
P/Tangible book 3.2x 1.3x 1.0x
EV/EBITDA 7.7x 6.6x 6.8x
EV/EBIT 9.0x 11.2x 8.6x
EV/Revenue 6.0x 3.4x 0.4x
EV/FCF 16.0x – 303.1x
EV/Operating cash flow 11.7x – 17.3x
PEG (3Y EPS CAGR) 0.54 0.09 0.05

Growth

14 metrics
MetricAEMEQXEGO
Revenue growth (1Y) 50.3% 98.8% 37.9%
Revenue CAGR (3Y) 33.8% 33.7% 169.2%
Gross profit growth (1Y) 72.8% – 53.0%
Gross profit CAGR (3Y) 44.0% – 76.8%
Operating income growth (1Y) 49.1% 363.9% 65.5%
Operating income CAGR (3Y) 42.3% 256.1% 30.3%
Net income growth (1Y) 98.5% 638.7% 46.3%
Net income CAGR (3Y) 34.7% 385.5% 55.3%
EPS growth (1Y) 97.4% 372.4% 38.9%
EPS CAGR (3Y) 28.7% 149.9% 255.2%
Operating cash flow growth (1Y) 45.3% – -1.7%
Operating cash flow CAGR (3Y) 47.2% – 39.8%
Free cash flow growth (1Y) 55.8% – 191.6%
Free cash flow CAGR (3Y) 11.0% – 31.4%

Profitability

14 metrics
MetricAEMEQXEGO
Gross margin 68.8% – 5.9%
EBITDA margin 78.0% 51.5% 6.5%
Operating margin 66.3% 30.7% 5.1%
Pretax margin 60.4% 26.8% 4.5%
Net margin 40.4% 20.5% 3.2%
FCF margin 37.4% – 0.1%
Operating cash flow margin 51.1% – 2.6%
Return on equity 21.4% 16.3% 10.8%
Return on assets 16.1% 9.7% –
Return on invested capital 23.3% 9.9% 10.0%
Return on capital employed 27.9% – –
Asset turnover 0.4x 0.4x –
Cash conversion (OCF / net income) 1.3x – 0.8x
Stock comp / revenue 0.7% – 0.1%

Financial Health

11 metrics
MetricAEMEQXEGO
Debt / assets 0.5% 5.7% –
Debt / equity 0.0x 0.1x 0.3x
Net debt / EBITDA -0.3x 0.1x 1.0x
Debt / FCF 0.0x – 66.5x
Liabilities / assets 24.3% 35.0% –
Equity / assets 75.7% 65.0% –
Interest coverage 131.9x 21.9x 45.4x
Current ratio 2.9x – –
Quick ratio 1.8x – –
Cash ratio 1.8x – –
Altman Z-score 7.54 – –

Shareholder Returns

7 metrics
MetricAEMEQXEGO
Dividend yield 1.0% 0.4% 0.6%
Net buyback yield 0.3% – -0.7%
Shareholder yield 1.2% 0.4% -0.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAEMEQXEGO
Forward P/E 16.5xFY2026 10.4xFY2026 11.4xFY2026
EPS, next fiscal year $10.92FY2026 $1.00FY2026 $3.01FY2026
EPS growth, next FY +32.8%FY2026 +49.3%FY2026 +73.0%FY2026
EPS growth, the year after +3.2% +31.0% +73.4%
Revenue, next fiscal year $14.44BFY2026 $4.20BFY2026 $2.77BFY2026
Revenue growth, next FY +22.2%FY2026 +130.7%FY2026 +53.2%FY2026
Revenue growth, the year after +2.6% +32.3% +45.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAEMEQXEGO
Held by institutions 62.5% 70.9% –
Institutions holding 1,053 327 –
Change in shares held, QoQ -0.6% +0.5% –
Institutions buying 467 184 –
Institutions selling 396 88 –
Buyers to sellers 1.18 2.09 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AEMEQXEGO
AEM 1.00 0.87 0.82
EQX 0.87 1.00 0.79
EGO 0.82 0.79 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AEM, EQX and EGO?

Agnico Eagle Mines (AEM) is the largest by market capitalisation: Agnico Eagle Mines (AEM) $90.36B, Equinox Gold (EQX) $8.19B, Eldorado Gold (EGO) $6.79B.

Which stock is cheaper, AEM, EQX and EGO?

Eldorado Gold (EGO) trades on the lowest price-to-earnings ratio (Agnico Eagle Mines (AEM) 15.4x, Equinox Gold (EQX) 13.3x, Eldorado Gold (EGO) 12.2x). On next year's consensus earnings, Equinox Gold (EQX) is cheapest (Agnico Eagle Mines (AEM) 16.5x, Equinox Gold (EQX) 10.4x, Eldorado Gold (EGO) 11.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Equinox Gold (EQX) grew revenue fastest over the trailing twelve months: Agnico Eagle Mines (AEM) +50.3%, Equinox Gold (EQX) +98.8%, Eldorado Gold (EGO) +37.9%.

Which company is more profitable?

Agnico Eagle Mines (AEM) has the highest net margin (Agnico Eagle Mines (AEM) 40.4%, Equinox Gold (EQX) 20.5%, Eldorado Gold (EGO) 3.2%). On return on invested capital, Agnico Eagle Mines (AEM) leads (Agnico Eagle Mines (AEM) 23.3%, Equinox Gold (EQX) 9.9%, Eldorado Gold (EGO) 10.0%).

Which stock has performed better?

Over the past year Eldorado Gold (EGO) returned the most: Agnico Eagle Mines (AEM) +16.5%, Equinox Gold (EQX) -1.4%, Eldorado Gold (EGO) +36.1%. Over five years, Eldorado Gold (EGO) compounded fastest (Agnico Eagle Mines (AEM) +26.7%/yr, Equinox Gold (EQX) +6.1%/yr, Eldorado Gold (EGO) +28.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Agnico Eagle Mines (AEM) has the highest dividend yield: Agnico Eagle Mines (AEM) 0.97%, Equinox Gold (EQX) 0.38%, Eldorado Gold (EGO) 0.61%.

Which stock is riskier?

By one-year price volatility, Agnico Eagle Mines (AEM) has been the steadiest (Agnico Eagle Mines (AEM) 48.1%, Equinox Gold (EQX) 62.5%, Eldorado Gold (EGO) 59.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AEM, EQX and EGO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Agnico Eagle Mines (AEM) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.