Equinox Gold Corp.

EQX Basic Materials Gold

In the quarter to June 2026, revenue grew 169.3%, EPS grew 480.0%, free cash flow fell 103.6% and total debt fell 67.3%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

11.15 0.04 +0.36%
Market cap
$13.0B
P/E
10.7×
Fwd P/E
8.0×
Dividend yield
0.47%
F-score
7/9
Altman Z
1.62
Beneish M
−2.57
Dividend safety
66/100

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 12,970.00
Revenue 2,897.06
Net Income 813.83
Free Cash Flow 262.30
Net Debt 101.42
Current Ratio 1.33
Debt/Equity 0.09 (at or below 0.5: strong)
P/E ratio 10.72
Fwd P/E 8.03
P/S ratio 3.04
P/B ratio 1.38
Past 5Y EPS Growth 28.47% (at or above 15%: strong)
This Y EPS Growth 49.73% (at or above 15%: strong)
Next Y EPS Growth 34.93% (at or above 15%: strong)
Next Y revenue growth 122.16% (at or above 10%: strong)
Next 5Y EPS Growth 38.42% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 39.12%
10-year low 10-year high
P/S against its own 10 years 69.93%
10-year low 10-year high
P/B against its own 10 years 71.66%
10-year low 10-year high
EV/Sales against its own 10 years 60.14%
10-year low 10-year high

Dividends

Payout Ratio 0.05
Annual Dividend Rate 0.05
Annual Dividend Yield 0.47%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.05
0.02
0.02
0.02
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 302 245 570 482
Receivables 82 70 65 74
Inventory 412 418 370 436
Other 2 7 11 2
834 784 1,971 1,030
2023 2024 2025 Q'26
Payables 247 258 302 327
ST’ Debt 139 136 181 29
Other 55 169 267 231
480 689 1,262 774

Compound Annual Growth %

10y 5y 3y
Sales — 16.54% 24.04%
Cash Flow — 26.19% 143.80%
Earnings — 58.29% 0.00%
Book Value — 31.96% 35.07%

Revenue $m

Mar Jun Sep Dec Year
’26 862 770 — — —
’25 266 286 819 447 1,817
’24 241 269 428 — 913
’23 234 272 285 298 1,088
’22 223 225 245 259 952
’21 230 226 245 381 1,082
’20 130 215 244 253 845
Fiscal quarters ending in the months shown.
value withheld pending a data check

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 237 203 — — —
’25 54 133 241 390 818
’24 18 (33) 139 248 372
’23 143 20 69 126 358
’22 (16) (27) 54 46 56
’21 79 21 65 155 321
’20 3 94 69 51 256
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 52 (1) — — —
’25 (39) 37 5 206 209
’24 (87) (121) (689) 113 (784)
’23 15 (91) (78) (11) (165)
’22 (140) (116) (97) (94) (447)
’21 8 27 (16) 48 67
’20 24 55 23 3 143
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.39 0.25 — — —
’25 (0.17) 0.05 0.11 0.25 0.35
’24 (0.13) 0.61 0.00 0.06 0.72
’23 0.05 0.02 0.01 0.01 0.09
’22 (0.07) (0.26) (0.10) 0.07 (0.35)
’21 0.14 0.96 (0.03) 0.32 1.67
’20 0.04 (0.26) 0.01 0.31 0.10
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — 3.65 4.63 5.90 2.35 3.32 3.95 5.04

Analyst estimates 2026–2028

Powerpack
High — — — 8.18 13.66 11.24 9.07 5.85 6.50 15.10
People
People Employees — — 491 — 3,433 3,405 3,317 3,692 3,692 5,219
Revenue/emp, $m 0.00 — 0.06 0.00 0.25 0.32 0.29 0.29 0.25 0.35
Income, $m
Income, $m Revenue 1 — 29 282 845 1,082 952 1,088 913 1,817
Gross margin, % (300.00) 0.00 (17.95) 29.77 34.33 21.31 8.92 10.02 22.58 35.38
EBT (3) (13) (35) (13) 43 535 (98) 15 533 131
EBT margin, % (400.00) 0.00 (123.08) (4.68) 5.10 49.44 (10.33) 1.36 58.42 7.23
Net income (2) 0 0 (20) 22 555 (106) 29 339 221
Depreciation 0 — 5 39 152 198 189 216 208 359
Per share, $
Per share, $ Revenue 0.15 0.00 0.31 2.52 3.98 3.80 3.13 3.48 2.28 2.88
Earnings (0.44) (0.58) (0.68) (0.16) 0.10 1.95 (0.35) 0.09 0.85 0.35
Cash flow (1.37) (0.93) (0.24) 0.53 1.20 1.13 0.19 1.15 0.93 1.30
Capex 0.00 0.00 0.00 (0.86) (0.53) (0.89) (1.66) (1.67) (2.89) (0.97)
Free cash flow (1.37) (0.93) (0.24) (0.33) 0.67 0.24 (1.47) (0.53) (1.96) 0.33
Book value 13.19 11.56 4.31 3.60 6.82 9.07 7.74 7.81 8.49 9.19
Shares, m 5 31 92 112 212 285 304 313 400 630
Valuation, ×
Valuation, × P/E 0.00 — 0.00 0.00 63.13 4.09 0.00 48.40 7.71 58.50
P/S 0.00 — 0.00 0.00 2.97 1.78 1.14 1.35 2.20 4.87
P/B 0.00 — 0.00 2.16 1.73 0.75 0.46 0.60 0.59 1.53
EV/Sales 0.00 — 0.00 0.00 3.21 1.66 1.75 1.92 3.41 5.41
EV/FCF 0.00 — 0.00 0.00 25.63 26.80 (3.72) (12.70) (3.97) 47.00
Cash, $m
Cash, $m Operating cash flow (7) (29) (22) 60 256 321 56 358 372 818
Capex 0 (22) (98) (97) (113) (254) (504) (523) (1,156) (609)
Free cash flow (7) (29) (22) (37) 143 67 (447) (165) (784) 209
Balance, $m
Balance, $m Working capital 44 51 18 17 423 761 383 354 95 709
Total debt — 44 218 264 545 541 850 925 1,348 1,555
Net debt (41) (22) 154 196 197 (130) 576 623 1,102 985
Shareholders’ equity 66 358 396 403 1,449 2,585 2,352 2,442 3,398 5,795
Returns, %
Returns, % ROA (0.77) (41.06) 0.00 (3.95) 1.27 16.71 (2.71) 0.70 6.13 2.57
ROIC 0.00 0.00 0.00 5.75 6.57 3.73 0.22 1.01 2.11 3.99
ROE (1.05) (8.67) (16.56) (4.59) 2.41 27.51 (4.30) 1.20 11.62 4.82
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Equinox Gold Corp. vs peers in Gold (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GFI Gold Fields Limited $32.9B 22.3× 6.2× +8.27% (above 0%: growing) n/m +754.13% (above 0%: growing) 37.73% 0.00% Compare
RGLD Royal Gold, Inc. $19.7B 26.0× 16.3× +114.91% (above 0%: growing) +38.31% (above 0%: growing) +119.34% (above 0%: growing) 86.66% 62.13% Compare
CDE Coeur Mining, Inc. $15.8B 13.0× 9.8× +125.86% (above 0%: growing) +9.09% (above 0%: growing) +165.48% (above 0%: growing) 49.36% 19.94% Compare
EQX Equinox Gold Corp. $13.0B 10.7× 8.0× +169.33% (above 0%: growing) +480.00% (above 0%: growing) −103.64% (below 0%: shrinking) 39.20% 32.14%
HMY Harmony Gold Mining Company Limited $10.7B 52.5× 3.6× −3.10% (below 0%: shrinking) n/m +265.24% (above 0%: growing) 26.37% 0.00% Compare
AUGO Aura Minerals Inc. $7.2B 24.4× 7.3× +76.42% (above 0%: growing) +2,263.64% (above 0%: growing) +0.29% (above 0%: growing) 56.99% 52.18% Compare
BTG B2Gold Corp $6.8B 8.7× 5.4× +14.03% (above 0%: growing) +158.33% (above 0%: growing) +462.54% (above 0%: growing) 39.06% 66.07% Compare
OR OR Royalties Inc. $6.6B 23.5× 24.0× +62.05% (above 0%: growing) +94.12% (above 0%: growing) +61.89% (above 0%: growing) 84.05% 77.00% Compare
SSRM Silver Standard Resources Inc. $6.5B 27.5× 6.4× +9.46% (above 0%: growing) +6.82% (above 0%: growing) −46.58% (below 0%: shrinking) 60.87% 43.19% Compare
Median of peers $8.9B 24.0× 6.8× +38.04% +66.22% +142.41% 53.18% 47.69%

All 37 Gold stocks →

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 October 16, 2026, EQX traded at $11.15, a market capitalization of $13.0 billion.
  • Equinox Gold Corp. pays an annual dividend of $0.05 per share, a yield of 0.47%, with a payout ratio of 5.25%.
  • Return on equity was 4.82% and debt-to-equity 0.09.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.62 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Equinox Gold Corp. (EQX) Latest News

12 Aug

stockrow.com/EQX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com