
Benz Mining vs EQ Resources shares
Investors keeping an eye on the ASX All Ords may have noticed two mining names standing out lately: Benz Mining Corp (ASX: BNZ) and EQ Resources Ltd (ASX: EQR). Both have delivered eye-popping returns this year, drawing attention from growth-focused investors. But beneath the surface, these miners have some crucial differences. If you’re weighing up Benz Mining vs EQ Resources shares and wondering which still has more room to climb, here’s what stands out.
The case for Benz Mining
Benz Mining operates as a Canada-based mineral explorer. Its project portfolio includes Eastmain (a gold project), as well as the Mel Zinc-Lead-Barite and Mel Main Zone. The company focuses on acquiring, exploring, and developing mineral properties, primarily across North America. According to its company profile, Benz Mining was founded in 2011 and remains headquartered in Coquitlam, Canada.
There are a few notable numbers here:
- Market cap: $1.74 billion â a substantial size for a junior resources company.
- EPS: -0.210, indicating the business remains unprofitable at this stage.
- Dividend yield: 0.00% â no yield on offer; this is a capital growth play, not an income investment.
- YTD return: 159.7% â shares have more than doubled since the start of the year, reflecting enthusiasm for its exploration newsflow or sector sentiment.
The case for EQ Resources
EQ Resources is focused on mineral exploration and development with projects spanning Australia and Spain. The company is most closely associated with its tungsten operations at Mt Carbine in Queensland and continues to progress mining evaluation and expansion programs across its assets. Founded in 2005 and headquartered in Australia, EQ Resources has carved out a niche in the specialty metals space.
Key fundamentals here include:
- Market cap: $1.69 billion â just slightly behind Benz Mining, so both companies operate at similar scale.
- P/E ratio: 191.18 â extremely high by almost any standard, indicating investors are paying up for projected earnings growth (or a one-off earnings result).
- EPS: 0.002 â positive, but quite marginal.
- Dividend yield: 0.00% â much like Benz Mining, there’s no current income from these shares.
- YTD return: 291.6% â shares have more than tripled this year, well ahead of most ASX-listed peers.
Valuation comparison
Let’s line up the key stats side by side for clarity:
| Benz Mining | EQ Resources | |
|---|---|---|
| Market Cap | $1.74 billion | $1.69 billion |
| P/E Ratio | N/A | 191.18 |
| EPS | -0.210 | 0.002 |
| Dividend Yield | 0.00% | 0.00% |
EQ Resources stands out as the only business currently reporting a positive EPS â even if it’s a sliver above zero. Its P/E ratio, though, is sky-high at 191.18, which is generally only seen where the reported earnings are tiny relative to price, or investors expect a rapid surge in profits soon. Meanwhile, Benz Mining is not currently profitable, so its P/E is not meaningful.
Note: EQ Resources’ reported P/E ratio and EPS may reflect different earnings measures, which can explain why the high P/E ratio still aligns with a very low positive EPS.
Neither company pays a dividend.
Recent share price momentum
Comparing recent share price performance up to:
- Benz Mining: Closed at $4.57, up marginally (0.22%) on the day. Over the past few weeks, it has surged from below $4 in mid-September to the current level, with strong intra-month rallies and several bouts of volatility.
- EQ Resources: Closed at $0.33, down -2.99% on the day. Despite a few down days, the bigger picture is explosive, with the share price roughly tripling year to date. There has been significant recent volatility, with drops of -12.7% and -8.9% in the first week of October alone, illustrating both the opportunity and risk.
- Year to date: Benz Mining at +159.7%, EQ Resources at an eye-catching +291.6%.
Which is the better buy?
If I’m choosing between two All Ords miners with outsized recent gains, my pick would be EQ Resources. While both have rocketed ahead in 2026, EQ Resources leads with a 291.6% YTD return and has scraped into positive earnings territory â even if current profits are wafer-thin and the P/E ratio (191.18) is absurdly rich by most standards.
Benz Mining Corp’s powerful rally (+159.7% YTD) shows clear positive sentiment, but it remains loss-making, and the lack of a P/E means investors are betting on future â not present â success. Both companies offer no dividends, so this contest is all about capital growth.
The big risk for EQ Resources is that its valuation already bakes in massive expectations. A P/E north of 190 can only be justified if earnings grow very quickly, and any disappointment could see the shares take a breather. Yet I see the tilt toward actual (if fragile) profitability as a strong point, especially in a sector where many peers stay in the red for years.
All things considered, for those comfortable with heightened risk and wild price swings, I’d lean toward EQ Resources as the top performer with potentially more left in the tank. But for any investor, extreme caution and close monitoring are vital â as these kinds of momentum trades can turn sharply, particularly in resource stocks.
The post Benz Mining Corp vs EQ Resources: Both up more than 500% in 5 years, which is more likely to keep climbing? appeared first on The Motley Fool Australia.
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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial draft. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

