(EQX) Equinox Gold - Overview
Sector: Basic Materials | Industry: Gold | Exchange: NYSE MKT (USA) | Market Cap: 9.572m USD | Total Return: 89% in 12m
Avg Turnover: 113M
Qual. Beats: 0
Rev. Trend: 95.0%
Qual. Beats: 0
Warnings
Share dilution 81.1% YoY
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Equinox Gold Corp. (EQX) is a Vancouver-based mining company focused on the acquisition, development, and operation of gold and silver properties across North and South America. Formerly known as Trek Mining Inc., the company transitioned to its current identity in 2017 to focus on building a multi-asset gold producer through organic growth and strategic acquisitions.
The company operates within the mid-tier gold sector, a segment characterized by producers that typically balance operational risk across multiple jurisdictions to mitigate geopolitical and site-specific dependencies. Unlike junior exploration firms, mid-tier miners prioritize the transition from resource discovery to active cash-flow generation through the commissioning of mines.
For a deeper look into the companys valuation metrics and historical performance, you may find further insights on ValueRay. Equinox Gold remains concentrated on the Americas, leveraging a business model that targets high-margin production in established mining districts.
- Greenstone Gold Mine ramp up drives significant low-cost production growth
- Fluctuating gold prices directly impact quarterly revenue and operating margins
- High debt levels and financing costs increase sensitivity to interest rates
- Operating costs in Brazil and Mexico fluctuate with local currency volatility
- Ongoing exploration and development projects require substantial capital expenditure commitments
| 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 0.23%; Δ 3.77k% > 0.5%) |
| Asset Turnover: 28.02% > 50% (prev 25.44%; Δ 2.58% > 0%) |
| Interest Coverage Ratio: 4.09 > 6 (EBITDA TTM 1.22b / 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 37.91% / 23.09%) |
| 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 = -3.71 (Cap -4..+1) = AAA |
As of May 29, 2026, the stock is trading at USD 12.58 with a total of 9,639,356 shares traded.
Over the past week, the price has changed by +1.41%,
over one month by -8.93%,
over three months by -32.80% and
over the past year by +89.01%.
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 | 23 | 82.8% |
P/E Trailing = 32.7838
P/E Forward = 8.5763
P/S = 3.9667
P/B = 1.5627
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 = 9.76b USD (9.57b + Debt 688.4m - CCE 499.6m)
Interest Coverage Ratio = 4.09 (Ebit TTM 678.3m / Interest Expense TTM 165.8m)
EV/FCF = 144.8x (Enterprise Value 9.76b / FCF TTM 67.4m)
FCF Yield = 0.69% (FCF TTM 67.4m / Enterprise Value 9.76b)
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 = 1.01 (Enterprise Value 9.76b / 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 = 4.55% (NOPAT 404.3m / Invested Capital 8.89b)
WACC = 9.66% (E(9.57b)/V(10.3b) * Re(9.32%) + D(688.4m)/V(10.3b) * Rd(24.08%) * (1-Tc(0.40)))
Discount Rate = 9.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 53.27%
[DCF] Terminal Value 70.99% ; FCFF base≈67.4m ; Y1≈67.7m ; Y5≈71.7m
[DCF] Fair Price = 0.92 (EV 912.3m - Net Debt 188.8m = Equity 723.5m / Shares 789.1m; r=9.66% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.04 | # QB: 0
Revenue Correlation: 95.00 | Revenue CAGR: 39.05% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.29 | Chg30d=+4.30% | Revisions=+33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.36 | Chg30d=-3.02% | Revisions=+33% | Analysts=3
EPS current Year (2026-12-31): EPS=1.45 | Chg30d=+4.79% | Revisions=+0% | GrowthEPS=+116.7% | GrowthRev=+98.1%
EPS next Year (2027-12-31): EPS=1.83 | Chg30d=+0.34% | Revisions=-33% | GrowthEPS=+26.4% | GrowthRev=+7.6%
[Analyst] Revisions Ratio: +33%