Overview Dividends

(EQX) Equinox Gold - Ratings and Ratios

Exchange: NYSE MKT • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA29446Y5020

Gold, Silver

EQX EPS (Earnings per Share)

EPS Growth (3Y CAGR): -7.51%
EPS Trend (3Y Correlation): 22.2%

EQX Revenue

Revenue Growth (3Y CAGR): 27.55%
Revenue Trend (3Y Correlation): 82.0%

Description: EQX Equinox Gold July 28, 2025

Equinox Gold Corp is a gold mining company with a presence in the Americas, operating in the United States, Mexico, Brazil, and Canada. The companys primary focus is on exploring and developing gold and silver deposits. With a diversified portfolio of properties, Equinox Gold Corp has established itself as a significant player in the gold mining industry.

From a geographical perspective, the companys assets are spread across multiple regions, providing a degree of risk mitigation. Its properties in California, Guerrero State in Mexico, Maranhão, Bahia, and Mina Gerais state in Brazil, and Ontario, Canada, offer exposure to different geological settings and mining jurisdictions. This diversification can help reduce dependence on a single region or asset.

To evaluate the companys performance, key performance indicators (KPIs) such as gold production, cash costs, and reserve replacement ratio are essential. Additionally, metrics like debt-to-equity ratio, return on equity (RoE) of 9.30%, and price-to-earnings (P/E) ratio of 8.85 can provide insights into the companys financial health and valuation. The forward P/E ratio of 5.97 suggests expected earnings growth. With a market capitalization of $4.73 billion, Equinox Gold Corp is a mid-cap gold mining company with a relatively stable market presence.

To further assess the companys prospects, its crucial to analyze its operational efficiency, exploration pipeline, and growth strategy. Factors like the companys ability to maintain a low cash cost structure, its success in replacing reserves, and its capacity to execute on its development projects will be critical in driving long-term value creation. By monitoring these KPIs and fundamental metrics, investors can gain a deeper understanding of Equinox Gold Corps potential for future growth and returns.

EQX Stock Overview

Market Cap in USD	8,646m
Sub-Industry	Gold
IPO / Inception	2018-08-03

EQX Stock Ratings

Growth Rating	67.3%
Fundamental	52.2%
Dividend Rating	-
Return 12m vs S&P 500	63.7%
Analyst Rating	3.71 of 5

EQX Dividends

Currently no dividends paid

EQX Growth Ratios

Growth Correlation 3m	96%
Growth Correlation 12m	74.2%
Growth Correlation 5y	-24.5%
CAGR 5y	48.73%
CAGR/Max DD 3y (Calmar Ratio)	1.54
CAGR/Mean DD 3y (Pain Ratio)	3.83
Sharpe Ratio 12m	0.72
Alpha	61.36
Beta	1.654
Volatility	51.67%
Current Volume	10896.2k
Average Volume 20d	14379.6k
Stop Loss	10.2 (-7.5%)
Signal	-0.32

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (46.6m TTM) > 0 and > 6% of Revenue (6% = 114.3m TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA 6.37pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -3.65% (prev 5.87%; Δ -9.52pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 574.7m > Net Income 46.6m (YES >=105%, WARN >=100%)

Net Debt (1.37b) to EBITDA (634.2m) ratio: 2.17 <= 3.0 (WARN <= 3.5)

Current Ratio 0.94 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (506.1m) change vs 12m ago 7.32% (target <= -2.0% for YES)

Gross Margin 27.83% (prev 8.77%; Δ 19.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 22.82% (prev 16.48%; Δ 6.34pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.05 (EBITDA TTM 634.2m / Interest Expense TTM 150.9m) >= 6 (WARN >= 3)

Altman Z'' 1.56

(A) -0.01 = (Total Current Assets 1.02b - Total Current Liabilities 1.09b) / Total Assets 10.02b

(B) 0.05 = Retained Earnings (Balance) 546.9m / Total Assets 10.02b

(D) 1.12 = Book Value of Equity 5.29b / Total Liabilities 4.73b

Total Rating: 1.56 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 52.19

1. Piotroski 4.0pt = -1.0

2. FCF Yield 1.66% = 0.83

3. FCF Margin 8.71% = 2.18

4. Debt/Equity 0.34 = 2.44

5. Debt/Ebitda 2.17 = -0.32

6. ROIC - WACC (= -7.44)% = -9.30

7. RoE 1.22% = 0.10

8. Rev. Trend 82.00% = 6.15

9. EPS Trend 22.16% = 1.11

What is the price of EQX shares?

As of October 27, 2025, the stock is trading at USD 11.03 with a total of 10,896,197 shares traded.
Over the past week, the price has changed by -9.66%, over one month by +2.22%, over three months by +75.36% and over the past year by +93.17%.

Is Equinox Gold a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Equinox Gold is currently (October 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 52.19 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of EQX is around 11.37 USD . This means that EQX is currently overvalued and has a potential downside of 3.08%.

Is EQX a buy, sell or hold?

Equinox Gold has received a consensus analysts rating of 3.71. Therefor, it is recommend to hold EQX.

Strong Buy: 2
Buy: 1
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the EQX price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	8.6	-21.8%
Analysts Target Price	8.6	-21.8%
ValueRay Target Price	12.9	16.8%

EQX Fundamental Data Overview October 27, 2025

Market Cap USD = 8.65b (8.65b USD * 1.0 USD.USD)
P/E Forward = 10.3842
P/S = 4.5369
P/B = 1.6148
Beta = 1.654
Revenue TTM = 1.91b USD
EBIT TTM = 309.2m USD
EBITDA TTM = 634.2m USD
Long Term Debt = 1.56b USD (from longTermDebt, last quarter)
Short Term Debt = 220.3m USD (from shortTermDebt, last quarter)
Debt = 1.78b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.37b USD (from netDebt column, last quarter)
Enterprise Value = 10.00b USD (8.65b + Debt 1.78b - CCE 430.5m)
Interest Coverage Ratio = 2.05 (Ebit TTM 309.2m / Interest Expense TTM 150.9m)
FCF Yield = 1.66% (FCF TTM 166.0m / Enterprise Value 10.00b)
FCF Margin = 8.71% (FCF TTM 166.0m / Revenue TTM 1.91b)
Net Margin = 2.45% (Net Income TTM 46.6m / Revenue TTM 1.91b)
Gross Margin = 27.83% ((Revenue TTM 1.91b - Cost of Revenue TTM 1.38b) / Revenue TTM)
Gross Margin QoQ = 33.36% (prev 7.96%)
Tobins Q-Ratio = 1.00 (Enterprise Value 10.00b / Total Assets 10.02b)
Interest Expense / Debt = 2.54% (Interest Expense 45.3m / Debt 1.78b)
Taxrate = 51.65% (25.5m / 49.3m)
NOPAT = 149.5m (EBIT 309.2m * (1 - 51.65%))
Current Ratio = 0.94 (Total Current Assets 1.02b / Total Current Liabilities 1.09b)
Debt / Equity = 0.34 (Debt 1.78b / totalStockholderEquity, last quarter 5.29b)
Debt / EBITDA = 2.17 (Net Debt 1.37b / EBITDA 634.2m)
Debt / FCF = 8.27 (Net Debt 1.37b / FCF TTM 166.0m)
Total Stockholder Equity = 3.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.47% (Net Income 46.6m / Total Assets 10.02b)
RoE = 1.22% (Net Income TTM 46.6m / Total Stockholder Equity 3.81b)
RoCE = 5.75% (EBIT 309.2m / Capital Employed (Equity 3.81b + L.T.Debt 1.56b))
RoIC = 2.81% (NOPAT 149.5m / Invested Capital 5.32b)
WACC = 10.25% (E(8.65b)/V(10.43b) * Re(12.11%) + D(1.78b)/V(10.43b) * Rd(2.54%) * (1-Tc(0.52)))
Discount Rate = 12.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 26.29%
[DCF Debug] Terminal Value 62.21% ; FCFE base≈166.0m ; Y1≈146.9m ; Y5≈122.1m
Fair Price DCF = 1.60 (DCF Value 1.25b / Shares Outstanding 781.8m; 5y FCF grow -14.15% → 3.0% )
EPS Correlation: 22.16 | EPS CAGR: -7.51% | SUE: -1.28 | # QB: 0
Revenue Correlation: 82.00 | Revenue CAGR: 27.55% | SUE: 0.42 | # QB: 0

Additional Sources for EQX Stock

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