Equinox Gold Corp. EQX
- Market cap
- $13.7B
- P/E
- 11.5×
Follow EQX
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | 3.65 | 4.63 | 5.90 | 2.35 | 3.32 | 3.95 | 5.04 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| — | — | — | 8.18 | 13.66 | 11.24 | 9.07 | 5.85 | 6.50 | 15.10 |
High Price
|
|||
| — | — | 491 | — | 3,433 | 3,405 | 3,317 | 3,692 | 3,692 | 5,219 |
Employees
|
|||
| 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 1 | — | 29 | 282 | 845 | 1,082 | 952 | 1,088 | 913 | 1,817 |
Revenue
|
|||
| (300.00%) | 0.00% | (17.95%) | 29.77% | 34.33% | 21.31% | 8.92% | 10.02% | 22.58% | 35.38% |
Gross Margin
|
|||
| (3) | (13) | (35) | (13) | 43 | 535 | (98) | 15 | 533 | 131 |
EBT
|
|||
| (400.00%) | 0.00% | (123.08%) | (4.68%) | 5.10% | 49.44% | (10.33%) | 1.36% | 58.42% | 7.23% |
EBT Margin
|
|||
| (2) | 0 | 0 | (20) | 22 | 555 | (106) | 29 | 339 | 221 |
Net Income
|
|||
| 0 | — | 5 | 39 | 152 | 198 | 189 | 216 | 208 | 359 |
Depreciation
|
|||
| 0.15 | 0.00 | 0.31 | 2.52 | 3.98 | 3.80 | 3.13 | 3.48 | 2.28 | 2.88 |
Revenue/Sh
|
|||
| (0.44) | (0.58) | (0.68) | (0.16) | 0.10 | 1.95 | (0.35) | 0.09 | 0.85 | 0.35 |
Earnings/Sh
|
|||
| (1.37) | (0.93) | (0.24) | 0.53 | 1.20 | 1.13 | 0.19 | 1.15 | 0.93 | 1.30 |
Cash Flow/Sh
|
|||
| 0.00 | 0.00 | 0.00 | (0.86) | (0.53) | (0.89) | (1.66) | (1.67) | (2.89) | (0.97) |
Capex/Sh
|
|||
| (1.37) | (0.93) | (0.24) | (0.33) | 0.67 | 0.24 | (1.47) | (0.53) | (1.96) | 0.33 |
Free CF/Sh
|
|||
| 13.19 | 11.56 | 4.31 | 3.60 | 6.82 | 9.07 | 7.74 | 7.81 | 8.49 | 9.19 |
Book Value/Sh
|
|||
| 5 | 31 | 92 | 112 | 212 | 285 | 304 | 313 | 400 | 630 |
Shares
|
|||
| 0.00 | — | 0.00 | 0.00 | 63.13 | 4.09 | 0.00 | 48.40 | 7.71 | 58.50 |
PE Ratio
|
|||
| 0.00 | — | 0.00 | 0.00 | 2.97 | 1.78 | 1.14 | 1.35 | 2.20 | 4.87 |
PS Ratio
|
|||
| 0.00 | — | 0.00 | 2.16 | 1.73 | 0.75 | 0.46 | 0.60 | 0.59 | 1.53 |
PB Ratio
|
|||
| 0.00 | — | 0.00 | 0.00 | 3.21 | 1.66 | 1.75 | 1.92 | 3.41 | 5.41 |
EV/Sales
|
|||
| 0.00 | — | 0.00 | 0.00 | 25.63 | 26.80 | (3.72) | (12.70) | (3.97) | 47.00 |
EV/FCF
|
|||
| (7) | (29) | (22) | 60 | 256 | 321 | 56 | 358 | 372 | 818 |
Op' Cash Flow
|
|||
| 0 | (22) | (98) | (97) | (113) | (254) | (504) | (523) | (1,156) | (609) |
Capex
|
|||
| (7) | (29) | (22) | (37) | 143 | 67 | (447) | (165) | (784) | 209 |
FCF
|
|||
| 44 | 51 | 18 | 17 | 423 | 761 | 383 | 354 | 95 | 709 |
Working Cap'
|
|||
| — | 44 | 218 | 264 | 545 | 541 | 850 | 925 | 1,348 | 1,555 |
Total Debt
|
|||
| (41) | (22) | 154 | 196 | 197 | (130) | 576 | 623 | 1,102 | 985 |
Net Debt
|
|||
| 66 | 358 | 396 | 403 | 1,449 | 2,585 | 2,352 | 2,442 | 3,398 | 5,795 |
Sh' Equity
|
|||
| (0.77%) | (41.06%) | 0.00% | (4.37%) | 1.27% | 16.71% | (2.71%) | 0.70% | 6.13% | 2.57% |
ROA
|
|||
| 0.00% | 0.00% | 0.00% | 5.75% | 6.57% | 3.73% | 0.22% | 1.01% | 2.11% | 3.99% |
ROIC
|
|||
| (1.05%) | (8.67%) | (16.56%) | (4.59%) | 2.41% | 27.51% | (4.30%) | 1.20% | 11.62% | 4.82% |
ROE
|
|||
Equinox Gold Corp. peers in Gold
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| HMY Harmony Gold Mining Company Limited | $11.8B | 58.2× | Compare |
| CDE Coeur Mining, Inc. | $19.5B | 16.2× | Compare |
| RGLD Royal Gold, Inc. | $21.4B | 27.5× | Compare |
| SSRM Silver Standard Resources Inc. | $7.3B | 30.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BTG B2Gold Corp | $7.0B | 9.0× | Compare |
| AUGO Aura Minerals Inc. | $7.0B | 23.3× | Compare |
| OR OR Royalties Inc. | $6.7B | 23.7× | Compare |
| GFI Gold Fields Limited | $36.2B | 23.9× | Compare |
Equinox Gold Corp. (EQX) key facts
- Equinox Gold Corp. (EQX) is a Gold company in the Basic Materials sector, listed on NYSE American.
- As of September 25, 2026, EQX traded at $11.94, a market capitalization of $13.7 billion.
- Return on equity was 4.82% and debt-to-equity 0.09.
Equinox Gold Corp. (EQX) Latest News
21 Sep
Equinox Gold says it elected to redeem all $172.5 million of its 4.75% Convertible Senior Notes due October 2028. Redemption occurs October 20, 2026, with a conversion deadline of October 19, 2026 at 5:00 p.m. New York time. The redemption price is 100% of principal plus accrued interest, about $1,000.66 per $1,000 note; payment will be through DTC with Computershare as paying agent. Holders may convert before the deadline; conversion rate is 158.7302 shares per $1,000 as of Sept. 18, 2026, rising to 165.0732 after adjustments, meaning up to 28,475,124 shares (roughly 2.44% of outstanding) if all convert. The release notes it is not a redemption or conversion notice and includes standard forward-looking statements. Redemption lowers potential dilution and interest burden while using cash, framing a mid-term capital-structure adjustment.
17 Aug
Equinox Gold receives positive Record of Decision for South Railroad project. This marks a key permitting milestone unlocking the company's next North American growth project. Positive Record of Decision for South Railroad directly enables major new project development and expands long-term production capacity.
12 Aug
Equinox Gold (EQX) held its Q2 2026 earnings call, covering quarterly financial results, operations, and forward guidance. Earnings call delivers quarterly results and outlook that move EQX valuation and investor positioning.
9 Aug
Equinox Gold Q2 earnings call highlighted financial performance, gold production volumes, operational efficiencies, and strategic initiatives affecting the company's mining assets. Q2 earnings details provide insights into financial health and operational results impacting short-term market performance.
6 Aug
Equinox Gold reported strong Q2 results and raised its dividend 50 percent, pushing shares up 14.3 percent while investors assess whether the bull case has changed. Strong Q2 results and 50 percent dividend hike produced a 14.3 percent stock gain that signals material improvement in financial performance and investor sentiment.
Equinox Gold (TSX:EQX) may be 43% undervalued after its latest earnings release and dividend increase. Earnings results and dividend hike signal improved financial position likely to affect near-term stock sentiment and valuation.
Equinox Gold Corp. released its Q2 2026 earnings call summary covering financial results, production figures and operational updates. Earnings call data supplies quarterly metrics and guidance that can shift near-term investor views without guaranteeing structural change.
5 Aug
Equinox Gold reported strong second quarter results, completed the Orla Mining merger, raised 2026 production guidance, and increased its quarterly dividend by 50%. Merger completion with Orla Mining and raised production guidance represent major strategic expansion with direct positive effects on long-term output and investor returns.
31 Jul
Equinox Gold and Orla Mining completed their business combination, forming North America's new senior gold producer. Merger with Orla Mining creates a larger senior gold producer and fundamentally redefines Equinox Gold's scale and competitive position.
Equinox Gold and Orla Mining completed their business combination, forming North America's new senior gold producer. Merger with Orla Mining creates a new senior gold producer and fundamentally enlarges Equinox Gold's scale and competitive position.
28 Jul
Orla Mining receives court approval for business combination with Equinox Gold Corp. Court approval advances merger with Orla Mining as major strategic move for Equinox Gold.
23 Jul
Equinox Gold shareholders approved the Orla Mining deal with 99.7% backing. Strong approval clears path for major acquisition that alters company scale and trajectory.
22 Jul
Equinox Gold shareholders approve business combination with Orla Mining. Shareholder approval enables major business combination that alters Equinox Gold operational scale and market position.
Orla shareholders overwhelmingly approve business combination with Equinox Gold. Business combination approval advances Equinox Gold strategic expansion via acquisition.
12 Jul
Equinox Gold (EQX) is assessed for potential explosive stock growth over the next two years amid gold market conditions and company operations. Speculative growth outlook may moderately affect investor sentiment and near-term share performance without confirmed transformative events.
10 Jul
Independent proxy advisory firms recommend Equinox Gold shareholders vote FOR the share issuance resolution tied to its proposed business combination with Orla Mining. Proposed business combination with Orla Mining marks a major strategic move that can significantly reshape Equinox Gold's scale and market position.
Independent proxy advisory firms recommend Orla shareholders vote FOR the arrangement resolution approving the proposed business combination with Equinox Gold. Positive proxy recommendation advances Equinox Gold's key merger strategy and expands its operational scale.
9 Jul
Equinox Gold Corp. sold its Versamet Royalties stake for C$130 million. C$130M Versamet Royalties stake sale delivers major capital inflow altering Equinox Gold's financial position.
4 Jul
Equinox Gold cleared a major roadblock, raising prospects for sharp gains in EQX stock. Clearing a major roadblock marks a significant operational advance that can materially improve Equinox Gold's trajectory and sentiment.
29 Jun
Equinox Gold pursues Los Filos land deal that may reframe its long-term portfolio strategy. Los Filos land deal represents major strategic move likely to alter Equinox Gold trajectory and investor sentiment.
25 Jun
Equinox Gold signed 20-year land access agreements for its Los Filos mine in Mexico. 20-year land access deals secure long-term Los Filos operations and reduce future risks.
Equinox Gold secures long-term land access agreements with all three communities at Los Filos Mine. Planning and technical work underway to support mine restart and annual production expansion. Long-term land agreements enable restart and production expansion at Los Filos mine, directly supporting higher future output.
23 Jun
Equinox Gold filed and mailed meeting materials for a special shareholder meeting to approve its business combination with Orla Mining. Business combination with Orla Mining represents a major strategic move that could significantly alter Equinox Gold's operations and market position.
Orla Mining received interim order and filed meeting materials for special shareholder meeting to approve arrangement with Equinox Gold Corp. Procedural step advances potential arrangement that may moderately affect EQX expansion and market positioning.
12 Jun
Equinox Gold merges with Orla, reshaping operational scale along with associated risks and investment opportunities. Merger with Orla represents major strategic move that alters Equinox Gold's trajectory.
8 Jun
EQX engages in a deal with ORLA that could create a major gold mining company. ORLA deal represents a major strategic move that can significantly alter EQX trajectory.
27 May
Labour violations and criminal allegations have surfaced at Equinox Gold's Mexican mine, prompting the Steelworkers union to demand intervention by the Canadian government. Labour and criminal allegations at the Mexican mine risk triggering regulatory scrutiny, possible operational halts and negative investor reaction.
19 May
Equinox Gold Corp. and Orla Mining announce at-market merger agreement. Merger with Orla Mining constitutes major strategic move that will expand Equinox Gold operations and shift its competitive trajectory.
18 May
Orla Mining acquires a stake in Equinox Gold Corp, abandoning solo growth to join a larger gold producer. Orla Mining stake purchase adds capital and visibility to Equinox Gold operations.
14 May
Equinox Gold Corp. (EQX) shares plunged 7.3% following the announcement of a $5.1 billion acquisition of Orla Mining, sparking investor concerns over financing, dilution, and integration risks amid volatile gold prices. The $5.1 billion Orla acquisition is a major strategic expansion that could reshape Equinox Gold's production profile and financial structure, significantly influencing long-term performance and investor sentiment.