Sifting through countless of stocks in the Metals & Mining industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Equinox Gold Corp. or First Majestic Silver Corp. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.
Read on to learn how Equinox Gold Corp. and First Majestic Silver Corp. compare based on key financial metrics to determine which better meets your investment needs.
About Equinox Gold Corp. and First Majestic Silver Corp.
Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada. The company was formerly known as Trek Mining Inc. and changed its name to Equinox Gold Corp. in December 2017. Equinox Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits. Its projects include the San Dimas silver/gold mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena silver/gold mine that covers an area of approximately 102,244 hectares located in Sonora State, Mexico; and the La Encantada silver mine covering an area of approximately 4,076 hectares located in Coahuila State, Mexico. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.
Latest Metals & Mining and Equinox Gold Corp., First Majestic Silver Corp. Stock News
As of March 10, 2025, Equinox Gold Corp. had a $2.8 billion market capitalization, compared to the Metals & Mining median of $1.0 million. Equinox Gold Corp.’s stock is up 30.9% in 2025, up 2.8% in the previous five trading days and up 35.79% in the past year.
Currently, Equinox Gold Corp.’s price-earnings ratio is 8.3. Equinox Gold Corp.’s trailing 12-month revenue is $1.5 billion with a 22.4% net profit margin. Year-over-year quarterly sales growth most recently was 93.1%. Analysts expect adjusted earnings to reach $0.902 per share for the current fiscal year. Equinox Gold Corp. does not currently pay a dividend.
As of March 10, 2025, First Majestic Silver Corp. had a $2.7 billion market cap, putting it in the 63rd percentile of all stocks. First Majestic Silver Corp.’s stock is up 11.7% in 2025, up 13.9% in the previous five trading days and up 8.82% in the past year.
Currently, First Majestic Silver Corp. does not have a price-earnings ratio. First Majestic Silver Corp.’s trailing 12-month revenue is $560.6 million with a -18.2% net profit margin. Year-over-year quarterly sales growth most recently was 25.9%. Analysts expect adjusted earnings to reach $0.300 per share for the current fiscal year. First Majestic Silver Corp. currently has a 0.3% dividend yield.
How We Compare Equinox Gold Corp. and First Majestic Silver Corp. Stock Grades
Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.
AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Equinox Gold Corp. and First Majestic Silver Corp.’s stock grades to see how they measure up against one another.
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Equinox Gold Corp. and First Majestic Silver Corp. Stock Value Grades
| Company | Ticker | Value |
| Equinox Gold Corp. | EQX |
B |
| First Majestic Silver Corp. | AG |
F |
Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.
Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.
AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.
Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.
Equinox Gold Corp. has a Value Score of 70, which is Value.
First Majestic Silver Corp. has a Value Score of 18, which is Ultra Expensive.
The Value Stock Winner: Equinox Gold Corp.
As you can clearly see from the Value Grade breakdown above, Equinox Gold Corp. is considered to have better value than First Majestic Silver Corp.. For investors who focus solely on a company’s valuation, Equinox Gold Corp. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.
Equinox Gold Corp. and First Majestic Silver Corp. Growth Grades
| Company | Ticker | Growth |
| Equinox Gold Corp. | EQX |
B |
| First Majestic Silver Corp. | AG |
C |
The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.
In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.
The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.
Equinox Gold Corp. has a Growth Score of 65, which is Strong.
First Majestic Silver Corp. has a Growth Score of 54, which is Average.
The Growth Grade Winner: Equinox Gold Corp.
As you can clearly see from the Growth Grade breakdown above, Equinox Gold Corp. has a more attractive growth grade than First Majestic Silver Corp.. For investors who focus solely on how a company is growing relative to other companies in the same industry, Equinox Gold Corp. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.
Equinox Gold Corp. and First Majestic Silver Corp.’s Quality Grades
| Company | Ticker | Quality |
| Equinox Gold Corp. | EQX |
D |
| First Majestic Silver Corp. | AG |
C |
Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.
The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.
The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.
Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.
Equinox Gold Corp. has a Quality Score of 32, which is Weak.
First Majestic Silver Corp. has a Quality Score of 54, which is Average.
The Quality Stock Winner: No Clear Winner
Neither Equinox Gold Corp. or First Majestic Silver Corp. has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Equinox Gold Corp. or First Majestic Silver Corp. is the better investment when it comes to quality.
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Other Equinox Gold Corp. and First Majestic Silver Corp. Grades
In addition to Growth, Quality and Value, A+ Investor also provides grades for Momentum and Estimate Revisions.
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AAII’s expansive and robust screening tools like A+ Investor help investors make confident decisions.
Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.
Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).
These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Equinox Gold Corp. and First Majestic Silver Corp. pass any of our 60+ stock screens that have outperformed the market since their creation.
So, Which Is the Better Investment, Equinox Gold Corp. or First Majestic Silver Corp. Stock?
Overall, Equinox Gold Corp. stock has a Value Score of 70, Growth Score of 65 and Quality Score of 32.
First Majestic Silver Corp. stock has a Value Score of 18, Growth Score of 54 and Quality Score of 54.
Comparing Equinox Gold Corp. and First Majestic Silver Corp.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.
Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.
A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.
AAII Disclaimer
We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.
