EQX Stock Analysis: Equinox Gold | NYSE MKT
Gold | NYSE MKT, USA | Market Cap: 7.702m USD | 12M Return: 50.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 132M
Qual. Beats: 0
Rev. Trend: 95.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Equinox Gold Corp. (NYSE MKT: EQX) is a Canada-based mining company that acquires, explores, develops, and operates mineral properties across the Americas, with a primary focus on gold and silver deposits. The company was incorporated in 2007, is headquartered in Vancouver, and was renamed from Trek Mining Inc. to Equinox Gold Corp. in December 2017.
As a gold-focused producer listed in the Materials sector, Equinox Gold operates as a price-taker, with revenue and margins directly exposed to fluctuations in global gold and silver prices. Its Americas-focused asset base is consistent with the broader trend among mid-tier gold producers of concentrating operations in jurisdictions such as Mexico, Brazil, and the United States, which are generally regarded as established mining regions.
- Gold prices drive revenue and margins across all operations
- Greenstone mine ramp-up boosts total gold production volumes
- Calibre Mining merger expands production scale and diversifies asset portfolio
| Net Income: 610.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.35 > 1.0 |
| NWC/Revenue: 8.33% < 20% (prev -5.96%; Δ 14.29% < -1%) |
| CFO/TA 0.09 > 3% & CFO 860.4m > Net Income 610.9m |
| Net Debt (188.8m) to EBITDA (1.22b): 0.15 < 3 |
| Current Ratio: 1.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (825.8m) vs 12m ago 81.19% < -2% |
| Gross Margin: 37.91% > 18% (prev 23.09%; Δ 14.82% > 0.5%) |
| Asset Turnover: 28.02% > 50% (prev 25.44%; Δ 2.58% > 0%) |
| Interest Coverage Ratio: 4.09 > 6 (EBIT TTM 678.3m / Interest Expense TTM 165.8m) |
| A: 0.02 (Total Current Assets 988.3m - Total Current Liabilities 797.8m) / Total Assets 9.66b |
| B: 0.12 (Retained Earnings 1.13b / Total Assets 9.66b) |
| C: 0.08 (EBIT TTM 678.3m / Avg Total Assets 8.16b) |
| D: 1.73 (Book Value of Equity 6.13b / Total Liabilities 3.53b) |
| Altman-Z'' = 2.89 = A |
| DSRI: 0.36 (Receivables 61.1m/127.6m, Revenue 2.29b/1.70b) |
| GMI: 0.61 (GM 23.09% / 37.91%) |
| AQI: 0.96 (AQ_t 0.07 / AQ_t-1 0.08) |
| SGI: 1.35 (Revenue 2.29b / 1.70b) |
| TATA: -0.03 (NI 610.9m - CFO 860.4m) / TA 9.66b) |
| Beneish M = -3.69 (Cap -4..+1) = AAA |
As of July 14, 2026, the stock is trading at USD 9.45 with a total of 9,471,475 shares traded. Over the past week, the price has changed by -8.34%, over one month by -15.63%, over three months by -37.22% and over the past year by +50.56%.
Current recommended Stop Loss: 8.60 (which is 9% or 1.5 ATR below the current price).
Equinox Gold has received a consensus analysts rating of 3.71. Therefore, it is recommended to hold EQX.
- StrongBuy: 2
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13 | 37.6% |
P/E Trailing = 26.3784
P/E Forward = 7.1276
P/S = 3.1918
P/B = 1.2575
Revenue TTM = 2.29b USD
EBIT TTM = 678.3m USD
EBITDA TTM = 1.22b USD
Long Term Debt = 585.6m USD (from longTermDebt, last quarter)
Short Term Debt = 29.1m USD (from shortTermDebt, last quarter)
Debt = 688.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 73.7m
Net Debt = 188.8m USD (calculated: Debt 688.4m - CCE 499.6m)
Enterprise Value = 7.89b USD (7.70b + Debt 688.4m - CCE 499.6m)
Interest Coverage Ratio = 4.09 (Ebit TTM 678.3m / Interest Expense TTM 165.8m)
EV/FCF = 117.0x (Enterprise Value 7.89b / FCF TTM 67.4m)
FCF Yield = 0.85% (FCF TTM 67.4m / Enterprise Value 7.89b)
FCF Margin = 2.95% (FCF TTM 67.4m / Revenue TTM 2.29b)
Net Margin = 26.71% (Net Income TTM 610.9m / Revenue TTM 2.29b)
Gross Margin = 37.91% ((Revenue TTM 2.29b - Cost of Revenue TTM 1.42b) / Revenue TTM)
Gross Margin QoQ = 50.89% (prev 2.58%)
Tobins Q-Ratio = 0.82 (Enterprise Value 7.89b / Total Assets 9.66b)
Interest Expense / Debt = 24.08% (Interest Expense 165.8m / Debt 688.4m)
Taxrate = 40.39% (126.8m / 314.0m)
NOPAT = 404.3m (EBIT 678.3m * (1 - 40.39%))
Current Ratio = 1.24 (Total Current Assets 988.3m / Total Current Liabilities 797.8m)
Debt / Equity = 0.11 (Debt 688.4m / totalStockholderEquity, last quarter 6.13b)
Debt / EBITDA = 0.15 (Net Debt 188.8m / EBITDA 1.22b)
Debt / FCF = 2.80 (Net Debt 188.8m / FCF TTM 67.4m)
Total Stockholder Equity = 5.69b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.48% (Net Income 610.9m / Total Assets 9.66b)
RoE = 10.73% (Net Income TTM 610.9m / Total Stockholder Equity 5.69b)
RoCE = 10.80% (EBIT 678.3m / Capital Employed (Equity 5.69b + L.T.Debt 585.6m))
RoIC = 4.61% (NOPAT 404.3m / Invested Capital 8.77b)
WACC = 10.35% (E(7.70b)/V(8.39b) * Re(9.99%) + D(688.4m)/V(8.39b) * Rd(24.08%) * (1-Tc(0.40)))
Discount Rate = 9.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 77.78 | Cagr: 52.97%
[DCF] Terminal Value 68.76% ; FCFF base≈67.4m ; Y1≈67.7m ; Y5≈71.7m
[DCF] Fair Price = 0.82 (EV 832.5m - Net Debt 188.8m = Equity 643.7m / Shares 789.2m; r=10.35% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.69 | # QB: 0
Revenue Correlation: 95.00 | Revenue CAGR: 39.05% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=-47.73% | Revisions=+40% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.29 | Chg30d=-19.62% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=1.26 | Chg30d=-4.66% | Revisions=-40% | GrowthEPS=+88.3% | GrowthRev=+100.4%
EPS next Year (2027-12-31): EPS=1.71 | Chg30d=+5.40% | Revisions=-40% | GrowthEPS=+35.3% | GrowthRev=+23.6%
[Analyst] Revisions Ratio: +0% (up=4, down=4)