AU vs EQX vs EGO Stock Comparison

AngloGold Ashanti, Equinox Gold and Eldorado Gold Prices as of Oct 26, 2026 Peers: Industry group
AU AngloGold Ashanti PLC
$85.03 -14.1% 1M +24.0% 1Y
Market cap
$44.11B
P/E
11.6x
Revenue (TTM)
$11.83B
Div. yield
–
Gold Basic Materials
8 wins
EQX Equinox Gold Corp.
$10.06 -15.5% 1M -8.8% 1Y
Market cap
$6.57B
P/E
13.3x
Revenue (TTM)
$2.41B
Div. yield
–
Gold Basic Materials
2 wins
EGO Eldorado Gold Corp /Fi
$31.69 -24.4% 1M +21.7% 1Y
Market cap
$6.94B
P/E
12.2x
Revenue (TTM)
$17.96B
Div. yield
–
Gold Basic Materials
1 win

Head to Head

11 decided of 12

AngloGold Ashanti leads on 8 of the 12 questions below (AngloGold Ashanti 8, Equinox Gold 2, Eldorado Gold 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAUEQXEGOLeader
Larger companyMarket capitalisation $44.11B $6.57B $6.94B AU
Cheaper on earningsLower P/E, profitable companies only 11.6x 13.3x 12.2x AU
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.0x 10.1x 10.5x AU
Faster revenue growthRevenue growth, trailing twelve months +54.6% +98.8% +37.9% EQX
More profitableNet margin, trailing twelve months 32.2% 20.5% 3.2% AU
Better return on capitalReturn on invested capital 40.5% 9.9% 10.0% AU
Less leveragedLower net debt / EBITDA — 0.1x 1.0x EQX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +24.0% -8.8% +21.7% AU
Better 5-year returnAnnualised price return, 5 years +34.5%/yr +4.9%/yr +26.2%/yr AU
Less volatileAnnualised volatility, 1 year 60.2% 62.5% 59.5% EGO
Higher overall scoreMean of the five percentile scores vs peers 81/100 70/100 59/100 AU

Percentile Scorecard

AUEQXEGO

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

AxisAUEQXEGO
Valuation 74 #43 of 162 79 #35 of 162 90 #17 of 162
Growth 88 #18 of 147 100 #1 of 147 81 #29 of 147
Profitability 97 #5 of 122 70 #37 of 122 48 #64 of 122
Financial Health 50 #83 of 165 62 #63 of 165 32 #113 of 165
Shareholder Returns 97 #4 of 107 41 #64 of 107 45 #59 of 107
Overall 81 70 59
  • AU 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

PeriodAUEQXEGOSPY
1 month -14.1%-15.5%-24.4% -0.8%
3 months +5.7%+5.7%-2.6% +3.5%
6 months -13.4%-29.8%-0.5% +7.0%
Year to date -0.3%-28.3%-11.8% +12.2%
1 year +24.0%-8.8%+21.7% +13.0%
3 years +343.3%+118.2%+194.0% +86.3%
3 years, per year +64.3%+29.7%+43.3% +23.1%
5 years +340.1%+27.2%+220.4% +68.6%
5 years, per year +34.5%+4.9%+26.2% +11.0%
10 years +529.4%+34.5%+85.9% +258.0%
10 years, per year +20.2%+3.0%+6.4% +13.6%

Risk

MeasureAUEQXEGOSPY
Volatility, 1Y 60.2%62.5%59.5% 12.7%
Downside volatility, 1Y 62.2%64.9%60.6% 12.7%
Beta vs S&P 500, 1Y 2.202.091.98 1.00
Return / volatility, 1Y 0.40-0.140.36 1.02
Max drawdown, 5Y -52.8%-71.6%-57.7% -25.4%
From 52-week high -33.7%-46.4%-36.3% -1.8%
52-week high $128.26$18.76$49.71 $779.14
52-week low $63.61$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.

MultipleAUEQXEGO
P/E now vs peer median 11.4xmedian 12.8x 12.8xmedian 12.8x 11.3xmedian 12.8x
P/S now vs peer median 3.6xmedian 3.1x 3.3xmedian 3.1x 0.4xmedian 3.1x
EV/EBITDA now vs peer median —median 7.0x 6.4xmedian 7.0x 6.4xmedian 7.0x
P/FCF now vs peer median 6.8xmedian 15.2x —median 15.2x 239.3xmedian 15.2x
P/B now vs peer median 4.8xmedian 2.1x 1.2xmedian 2.1x 0.9xmedian 2.1x
PEG now vs peer median —median 0.29 0.09median 0.29 0.04median 0.29

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 monthsAUEQXEGO
Revenue $11.83B $2.41B $17.96B
Gross profit $6.48B – $1.05B
Operating income $4.91B $740.90M $925.10M
Net income $4.48B $1.74B $598.92M
Free cash flow $6.34B – $26.30M
R&D $259.00M $25.27M $45.06M
EPS (diluted) $7.48 $0.78 $2.77
Cash & equivalents $2.78B $317.78M $554.56M
Total debt $1.57B $553.95M $5.40B
Shares (diluted) 509.09M 630.31M 205.41M
Enterprise value $31.99B $4.53B $3.69B

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
MetricAUEQXEGO
P/E 11.4x 12.8x 11.3x
P/FCF 6.8x – 239.3x
P/Operating cash flow 6.9x – 13.6x
P/S 3.6x 3.3x 0.4x
P/B 4.8x 1.2x 0.9x
P/Tangible book 4.8x 1.2x 0.9x
EV/EBITDA – 6.4x 6.4x
EV/EBIT 8.5x 10.8x 8.1x
EV/Revenue 3.5x 3.3x 0.4x
EV/FCF 6.6x – 284.4x
EV/Operating cash flow 6.7x – 16.2x
PEG (3Y EPS CAGR) – 0.09 0.04

Growth

14 metrics
MetricAUEQXEGO
Revenue growth (1Y) 54.6% 98.8% 37.9%
Revenue CAGR (3Y) – 33.7% 169.2%
Gross profit growth (1Y) 97.4% – 53.0%
Gross profit CAGR (3Y) – – 76.8%
Operating income growth (1Y) 165.2% 363.9% 65.5%
Operating income CAGR (3Y) – 256.1% 30.3%
Net income growth (1Y) 115.8% 638.7% 46.3%
Net income CAGR (3Y) – 385.5% 55.3%
EPS growth (1Y) 78.5% 372.4% 38.9%
EPS CAGR (3Y) – 149.9% 255.2%
Operating cash flow growth (1Y) 103.4% – -1.7%
Operating cash flow CAGR (3Y) – – 39.8%
Free cash flow growth (1Y) 108.6% – 191.6%
Free cash flow CAGR (3Y) – – 31.4%

Profitability

14 metrics
MetricAUEQXEGO
Gross margin 54.8% – 5.9%
EBITDA margin – 51.5% 6.5%
Operating margin 41.5% 30.7% 5.1%
Pretax margin 51.7% 26.8% 4.5%
Net margin 32.2% 20.5% 3.2%
FCF margin 53.6% – 0.1%
Operating cash flow margin 52.3% – 2.6%
Return on equity 46.3% 16.3% 10.8%
Return on assets 28.7% 9.7% –
Return on invested capital 40.5% 9.9% 10.0%
Return on capital employed 35.2% – –
Asset turnover 0.8x 0.4x –
Cash conversion (OCF / net income) 1.4x – 0.8x
Stock comp / revenue – – 0.1%

Financial Health

11 metrics
MetricAUEQXEGO
Debt / assets 10.1% 5.7% –
Debt / equity 0.2x 0.1x 0.3x
Net debt / EBITDA – 0.1x 1.0x
Debt / FCF 0.2x – 66.5x
Liabilities / assets 42.4% 35.0% –
Equity / assets 57.6% 65.0% –
Interest coverage – 21.9x 45.4x
Current ratio 2.7x – –
Quick ratio 2.1x – –
Cash ratio 1.8x – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAUEQXEGO
Dividend yield 5.3% 0.4% 0.7%
Net buyback yield – – -0.8%
Shareholder yield 5.3% 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.

ConsensusAUEQXEGO
Forward P/E 10.0xFY2026 10.1xFY2026 10.5xFY2026
EPS, next fiscal year $8.52FY2026 $1.00FY2026 $3.01FY2026
EPS growth, next FY +58.7%FY2026 +49.3%FY2026 +73.0%FY2026
EPS growth, the year after +9.9% +31.0% +73.4%
Revenue, next fiscal year $11.81BFY2026 $4.20BFY2026 $2.77BFY2026
Revenue growth, next FY +21.4%FY2026 +130.7%FY2026 +53.2%FY2026
Revenue growth, the year after +4.0% +32.3% +45.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAUEQXEGO
Held by institutions 45.9% 70.9% 96.7%
Institutions holding 563 327 238
Change in shares held, QoQ +3.0% +0.5% +37.6%
Institutions buying 323 184 151
Institutions selling 166 88 58
Buyers to sellers 1.95 2.09 2.60

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.

AUEQXEGO
AU 1.00 0.82 0.77
EQX 0.82 1.00 0.79
EGO 0.77 0.79 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AU, EQX and EGO?

AngloGold Ashanti (AU) is the largest by market capitalisation: AngloGold Ashanti (AU) $44.11B, Equinox Gold (EQX) $6.57B, Eldorado Gold (EGO) $6.94B.

Which stock is cheaper, AU, EQX and EGO?

AngloGold Ashanti (AU) trades on the lowest price-to-earnings ratio (AngloGold Ashanti (AU) 11.6x, Equinox Gold (EQX) 13.3x, Eldorado Gold (EGO) 12.2x). On next year's consensus earnings, AngloGold Ashanti (AU) is cheapest (AngloGold Ashanti (AU) 10.0x, Equinox Gold (EQX) 10.1x, Eldorado Gold (EGO) 10.5x). 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: AngloGold Ashanti (AU) +54.6%, Equinox Gold (EQX) +98.8%, Eldorado Gold (EGO) +37.9%.

Which company is more profitable?

AngloGold Ashanti (AU) has the highest net margin (AngloGold Ashanti (AU) 32.2%, Equinox Gold (EQX) 20.5%, Eldorado Gold (EGO) 3.2%). On return on invested capital, AngloGold Ashanti (AU) leads (AngloGold Ashanti (AU) 40.5%, Equinox Gold (EQX) 9.9%, Eldorado Gold (EGO) 10.0%).

Which stock has performed better?

Over the past year AngloGold Ashanti (AU) returned the most: AngloGold Ashanti (AU) +24.0%, Equinox Gold (EQX) -8.8%, Eldorado Gold (EGO) +21.7%. Over five years, AngloGold Ashanti (AU) compounded fastest (AngloGold Ashanti (AU) +34.5%/yr, Equinox Gold (EQX) +4.9%/yr, Eldorado Gold (EGO) +26.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Eldorado Gold (EGO) has been the steadiest (AngloGold Ashanti (AU) 60.2%, Equinox Gold (EQX) 62.5%, Eldorado Gold (EGO) 59.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AU, 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, AngloGold Ashanti (AU) leads on 8. 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.