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EQX vs KGC vs IAG vs CDE vs NGD
Revenue, margins, valuation, and 5-year total return — side by side.
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EQX vs KGC vs IAG vs CDE vs NGD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Gold | Gold | Gold | Gold | Gold |
| Market Cap | $11.33B | $36.43B | $10.80B | $11.63B | $7.19B |
| Revenue (TTM) | $1.85B | $7.94B | $3.42B | $2.57B | $1.46B |
| Net Income (TTM) | $225M | $2.86B | $1.01B | $799M | $856M |
| Gross Margin | 25.0% | 52.8% | 47.9% | 35.4% | 51.8% |
| Operating Margin | 23.8% | 48.2% | 44.8% | 39.4% | 43.5% |
| Forward P/E | 10.4x | 9.7x | 7.7x | 9.1x | 6.6x |
| Total Debt | $1.55B | $777M | $840M | $365M | $396M |
| Cash & Equiv. | $407M | $1.75B | $421M | $554M | $330M |
EQX vs KGC vs IAG vs CDE vs NGD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Equinox Gold Corp. (EQX) | 100 | 155.9 | +55.9% |
| Kinross Gold Corpor… (KGC) | 100 | 464.4 | +364.4% |
| IAMGOLD Corporation (IAG) | 100 | 490.4 | +390.4% |
| Coeur Mining, Inc. (CDE) | 100 | 315.0 | +215.0% |
| New Gold Inc. (NGD) | 100 | 1109.1 | +1009.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EQX vs KGC vs IAG vs CDE vs NGD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Among these 5 stocks, EQX doesn't own a clear edge in any measured category.
KGC has the current edge in this matchup, primarily because of its strength in income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.69, yield 0.4%
- Lower volatility, beta 0.69, Low D/E 9.0%, current ratio 2.35x
- Beta 0.69, yield 0.4%, current ratio 2.35x
- Beta 0.69 vs CDE's 1.81, lower leverage
IAG is the clearest fit if your priority is long-term compounding and valuation efficiency.
- 439.4% 10Y total return vs KGC's 499.1%
- PEG 0.12 vs KGC's 0.78
- Lower P/E (7.7x vs 9.1x), PEG 0.12 vs 0.17
CDE is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 96.4%, EPS growth 5.0%, 3Y rev CAGR 38.1%
- 96.4% revenue growth vs EQX's 22.1%
- +216.1% vs KGC's +95.7%
NGD ranks third and is worth considering specifically for quality and efficiency.
- 58.6% margin vs EQX's 12.2%
- 33.8% ROA vs EQX's 2.4%, ROIC 29.5% vs 5.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 96.4% revenue growth vs EQX's 22.1% | |
| Value | Lower P/E (7.7x vs 9.1x), PEG 0.12 vs 0.17 | |
| Quality / Margins | 58.6% margin vs EQX's 12.2% | |
| Stability / Safety | Beta 0.69 vs CDE's 1.81, lower leverage | |
| Dividends | 0.4% yield; 2-year raise streak; the other 4 pay no meaningful dividend | |
| Momentum (1Y) | +216.1% vs KGC's +95.7% | |
| Efficiency (ROA) | 33.8% ROA vs EQX's 2.4%, ROIC 29.5% vs 5.7% |
EQX vs KGC vs IAG vs CDE vs NGD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
Segment breakdown not available.
EQX vs KGC vs IAG vs CDE vs NGD — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
KGC leads in 4 of 6 categories
IAG leads 1 • EQX leads 0 • CDE leads 0 • NGD leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
KGC leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
KGC is the larger business by revenue, generating $7.9B annually — 5.4x NGD's $1.5B. NGD is the more profitable business, keeping 58.6% of every revenue dollar as net income compared to EQX's 12.2%. On growth, CDE holds the edge at +137.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.8B | $7.9B | $3.4B | $2.6B | $1.5B |
| EBITDAEarnings before interest/tax | $966M | $5.0B | $2.0B | $1.2B | $874M |
| Net IncomeAfter-tax profit | $225M | $2.9B | $1.0B | $799M | $856M |
| Free Cash FlowCash after capex | -$7M | $3.0B | $1.3B | $915M | $279M |
| Gross MarginGross profit ÷ Revenue | +25.0% | +52.8% | +47.9% | +35.4% | +51.8% |
| Operating MarginEBIT ÷ Revenue | +23.8% | +48.2% | +44.8% | +39.4% | +43.5% |
| Net MarginNet income ÷ Revenue | +12.2% | +36.0% | +29.5% | +31.1% | +58.6% |
| FCF MarginFCF ÷ Revenue | -0.4% | +38.0% | +37.3% | +35.6% | +19.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -76.2% | +58.6% | +115.9% | +137.8% | +89.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.3% | +130.0% | +8.4% | +4.9% | +11.1% |
Valuation Metrics
IAG leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 15.3x trailing earnings, KGC trades at a 76% valuation discount to NGD's 64.9x P/E. Adjusting for growth (PEG ratio), IAG offers better value at 0.24x vs EQX's 1.37x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $11.3B | $36.4B | $10.8B | $11.6B | $7.2B |
| Enterprise ValueMkt cap + debt − cash | $12.5B | $35.5B | $11.2B | $11.4B | $7.5B |
| Trailing P/EPrice ÷ TTM EPS | 39.92x | 15.29x | 15.81x | 20.13x | 64.86x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.39x | 9.72x | 7.70x | 9.10x | 6.62x |
| PEG RatioP/E ÷ EPS growth rate | 1.37x | 1.23x | 0.24x | 0.39x | — |
| EV / EBITDAEnterprise value multiple | 12.91x | 8.30x | 7.18x | 11.19x | 17.69x |
| Price / SalesMarket cap ÷ Revenue | 6.13x | 5.08x | 3.72x | 5.62x | 7.78x |
| Price / BookPrice ÷ Book value/share | 1.57x | 4.29x | 2.52x | 3.56x | 6.49x |
| Price / FCFMarket cap ÷ FCF | — | 14.18x | 14.00x | 17.48x | 59.07x |
Profitability & Efficiency
KGC leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
NGD delivers a 64.8% return on equity — every $100 of shareholder capital generates $65 in annual profit, vs $5 for EQX. KGC carries lower financial leverage with a 0.09x debt-to-equity ratio, signaling a more conservative balance sheet compared to EQX's 0.27x. On the Piotroski fundamental quality scale (0–9), KGC scores 9/9 vs CDE's 6/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +4.5% | +33.9% | +25.8% | +15.2% | +64.8% |
| ROA (TTM)Return on assets | +2.4% | +23.4% | +17.6% | +11.2% | +33.8% |
| ROICReturn on invested capital | +5.7% | +29.9% | +19.1% | +23.5% | +29.5% |
| ROCEReturn on capital employed | +5.8% | +29.8% | +21.2% | +23.9% | +28.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 9 | 7 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.27x | 0.09x | 0.20x | 0.11x | 0.21x |
| Net DebtTotal debt minus cash | $1.1B | -$975M | $419M | -$188M | $66M |
| Cash & Equiv.Liquid assets | $407M | $1.8B | $421M | $554M | $330M |
| Total DebtShort + long-term debt | $1.6B | $777M | $840M | $365M | $396M |
| Interest CoverageEBIT ÷ Interest expense | 1.73x | 58.61x | 20.83x | 47.33x | 24.33x |
Total Returns (Dividends Reinvested)
Evenly matched — IAG and NGD each lead in 2 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IAG five years ago would be worth $55,408 today (with dividends reinvested), compared to $16,055 for EQX. Over the past 12 months, CDE leads with a +216.1% total return vs KGC's +95.7%. The 3-year compound annual growth rate (CAGR) favors NGD at 85.6% vs EQX's 36.0% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +5.0% | +7.6% | +13.1% | +3.2% | +6.1% |
| 1-Year ReturnPast 12 months | +110.6% | +95.7% | +163.9% | +216.1% | +122.5% |
| 3-Year ReturnCumulative with dividends | +151.5% | +480.5% | +466.0% | +414.6% | +539.4% |
| 5-Year ReturnCumulative with dividends | +60.5% | +301.4% | +454.1% | +96.0% | +390.8% |
| 10-Year ReturnCumulative with dividends | +236.5% | +499.1% | +439.4% | +149.9% | +110.7% |
| CAGR (3Y)Annualised 3-year return | +36.0% | +79.7% | +78.2% | +72.6% | +85.6% |
Risk & Volatility
KGC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
KGC is the less volatile stock with a 0.69 beta — it tends to amplify market swings less than CDE's 1.81 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. KGC currently trades 77.8% from its 52-week high vs CDE's 65.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.72x | 0.69x | 0.93x | 1.81x | 0.97x |
| 52-Week HighHighest price in past year | $18.96 | $39.11 | $24.87 | $27.77 | $13.63 |
| 52-Week LowLowest price in past year | $5.61 | $13.28 | $6.06 | $5.55 | $3.67 |
| % of 52W HighCurrent price vs 52-week peak | +75.8% | +77.8% | +73.7% | +65.2% | +66.6% |
| RSI (14)Momentum oscillator 0–100 | 50.2 | 47.5 | 53.8 | 49.3 | 35.6 |
| Avg Volume (50D)Average daily shares traded | 8.9M | 8.9M | 6.9M | 22.2M | 12.9M |
Analyst Outlook
KGC leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: EQX as "Buy", KGC as "Buy", IAG as "Buy", CDE as "Buy", NGD as "Buy". Consensus price targets imply 60.9% upside for IAG (target: $30) vs 36.3% for NGD (target: $12). KGC is the only dividend payer here at 0.42% yield — a key consideration for income-focused portfolios.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $42.25 | $29.50 | $29.00 | $12.38 |
| # AnalystsCovering analysts | 1 | 28 | 29 | 21 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | +0.4% | — | — | — |
| Dividend StreakConsecutive years of raises | — | 2 | 0 | 0 | — |
| Dividend / ShareAnnual DPS | — | $0.13 | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.7% | +0.5% | +0.1% | 0.0% |
KGC leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). IAG leads in 1 (Valuation Metrics). 1 tied.
EQX vs KGC vs IAG vs CDE vs NGD: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is EQX or KGC or IAG or CDE or NGD a better buy right now?
For growth investors, Coeur Mining, Inc.
(CDE) is the stronger pick with 96. 4% revenue growth year-over-year, versus 22. 1% for Equinox Gold Corp. (EQX). Kinross Gold Corporation (KGC) offers the better valuation at 15. 3x trailing P/E (9. 7x forward), making it the more compelling value choice. Analysts rate Equinox Gold Corp. (EQX) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EQX or KGC or IAG or CDE or NGD?
On trailing P/E, Kinross Gold Corporation (KGC) is the cheapest at 15.
3x versus New Gold Inc. at 64. 9x. On forward P/E, New Gold Inc. is actually cheaper at 6. 6x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: IAMGOLD Corporation wins at 0. 12x versus Kinross Gold Corporation's 0. 78x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — EQX or KGC or IAG or CDE or NGD?
Over the past 5 years, IAMGOLD Corporation (IAG) delivered a total return of +454.
1%, compared to +60. 5% for Equinox Gold Corp. (EQX). Over 10 years, the gap is even starker: KGC returned +499. 1% versus NGD's +110. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EQX or KGC or IAG or CDE or NGD?
By beta (market sensitivity over 5 years), Kinross Gold Corporation (KGC) is the lower-risk stock at 0.
69β versus Coeur Mining, Inc. 's 1. 81β — meaning CDE is approximately 164% more volatile than KGC relative to the S&P 500. On balance sheet safety, Kinross Gold Corporation (KGC) carries a lower debt/equity ratio of 9% versus 27% for Equinox Gold Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — EQX or KGC or IAG or CDE or NGD?
By revenue growth (latest reported year), Coeur Mining, Inc.
(CDE) is pulling ahead at 96. 4% versus 22. 1% for Equinox Gold Corp. (EQX). On earnings-per-share growth, the picture is similar: New Gold Inc. grew EPS 671. 4% year-over-year, compared to -47. 1% for Equinox Gold Corp.. Over a 3-year CAGR, IAG leads at 44. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — EQX or KGC or IAG or CDE or NGD?
New Gold Inc.
(NGD) is the more profitable company, earning 58. 1% net margin versus 12. 2% for Equinox Gold Corp. — meaning it keeps 58. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NGD leads at 44. 4% versus 23. 8% for EQX. At the gross margin level — before operating expenses — NGD leads at 53. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is EQX or KGC or IAG or CDE or NGD more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, IAMGOLD Corporation (IAG) is the more undervalued stock at a PEG of 0. 12x versus Kinross Gold Corporation's 0. 78x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, New Gold Inc. (NGD) trades at 6. 6x forward P/E versus 10. 4x for Equinox Gold Corp. — 3. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IAG: 60. 9% to $29. 50.
08Which pays a better dividend — EQX or KGC or IAG or CDE or NGD?
In this comparison, KGC (0.
4% yield) pays a dividend. EQX, IAG, CDE, NGD do not pay a meaningful dividend and should not be held primarily for income.
09Is EQX or KGC or IAG or CDE or NGD better for a retirement portfolio?
For long-horizon retirement investors, Kinross Gold Corporation (KGC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
69), +499. 1% 10Y return). Coeur Mining, Inc. (CDE) carries a higher beta of 1. 81 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (KGC: +499. 1%, CDE: +149. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between EQX and KGC and IAG and CDE and NGD?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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