EQX vs. NGD
Compare and contrast key facts about Equinox Gold Corp. (EQX) and New Gold Inc. (NGD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQX or NGD.
Correlation
The correlation between EQX and NGD is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EQX vs. NGD - Performance Comparison
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Key characteristics
EQX:
0.27
NGD:
1.83
EQX:
0.76
NGD:
2.29
EQX:
1.09
NGD:
1.27
EQX:
0.21
NGD:
1.07
EQX:
1.25
NGD:
8.86
EQX:
10.75%
NGD:
10.48%
EQX:
53.07%
NGD:
58.90%
EQX:
-81.06%
NGD:
-96.73%
EQX:
-55.24%
NGD:
-73.24%
Fundamentals
EQX:
$2.77B
NGD:
$3.08B
EQX:
$0.71
NGD:
$0.18
EQX:
8.52
NGD:
21.56
EQX:
1.64
NGD:
3.27
EQX:
0.83
NGD:
2.92
EQX:
$1.70B
NGD:
$934.03M
EQX:
$394.44M
NGD:
$251.76M
EQX:
$472.86M
NGD:
$379.29M
Returns By Period
In the year-to-date period, EQX achieves a 19.12% return, which is significantly lower than NGD's 51.61% return.
EQX
19.12%
-13.46%
15.44%
14.12%
-6.73%
N/A
NGD
51.61%
4.74%
51.61%
106.59%
29.95%
0.95%
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Risk-Adjusted Performance
EQX vs. NGD — Risk-Adjusted Performance Rank
EQX
NGD
EQX vs. NGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX) and New Gold Inc. (NGD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
EQX vs. NGD - Dividend Comparison
Neither EQX nor NGD has paid dividends to shareholders.
Drawdowns
EQX vs. NGD - Drawdown Comparison
The maximum EQX drawdown since its inception was -81.06%, smaller than the maximum NGD drawdown of -96.73%. Use the drawdown chart below to compare losses from any high point for EQX and NGD. For additional features, visit the drawdowns tool.
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Volatility
EQX vs. NGD - Volatility Comparison
The current volatility for Equinox Gold Corp. (EQX) is 15.75%, while New Gold Inc. (NGD) has a volatility of 23.77%. This indicates that EQX experiences smaller price fluctuations and is considered to be less risky than NGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
EQX vs. NGD - Financials Comparison
This section allows you to compare key financial metrics between Equinox Gold Corp. and New Gold Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EQX vs. NGD - Profitability Comparison
EQX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Equinox Gold Corp. reported a gross profit of 33.72M and revenue of 423.72M. Therefore, the gross margin over that period was 8.0%.
NGD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, New Gold Inc. reported a gross profit of 47.57M and revenue of 208.17M. Therefore, the gross margin over that period was 22.9%.
EQX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Equinox Gold Corp. reported an operating income of 4.26M and revenue of 423.72M, resulting in an operating margin of 1.0%.
NGD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, New Gold Inc. reported an operating income of 22.00M and revenue of 208.17M, resulting in an operating margin of 10.6%.
EQX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Equinox Gold Corp. reported a net income of -75.48M and revenue of 423.72M, resulting in a net margin of -17.8%.
NGD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, New Gold Inc. reported a net income of -16.65M and revenue of 208.17M, resulting in a net margin of -8.0%.