EQX Stock Analysis: Equinox Gold | NYSE MKT
Gold | NYSE MKT, USA | Market Cap: 13.332m USD | 12M Return: -10.3% | CA29446Y5020 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 137M
EPS Trend: 94.3%
Qual. Beats: 0
Rev. Trend: 96.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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 Canadian 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 and is headquartered in Vancouver, Canada. It was originally known as Trek Mining Inc. before adopting its current name in December 2017, and began trading publicly following its 2018 IPO.
The company operates within the Materials sector under the Gold sub-industry, making it a precious metals producer. As a gold-focused miner, Equinox Gold generates revenue primarily through the extraction and sale of gold, with silver often produced as a byproduct, and its financial performance is closely tied to prevailing gold prices.
- Gold prices rally on Fed rate cut expectations and safe-haven demand
- Greenstone mine ramps up to commercial production, boosting output guidance
- All-in sustaining costs decline as new mines reach full throughput
| Net Income: 817.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.21 > 1.0 |
| NWC/Revenue: 9.90% < 20% (prev -3.65%; Δ 13.55% < -1%) |
| CFO/TA 0.10 > 3% & CFO 961.2m > Net Income 817.7m |
| Net Debt (175.1m) to EBITDA (1.46b): 0.12 < 3 |
| Current Ratio: 1.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (829.9m) vs 12m ago 63.99% < -2% |
| Gross Margin: 39.13% > 18% (prev 27.83%; Δ 11.30% > 0.5%) |
| Asset Turnover: 26.02% > 50% (prev 19.02%; Δ 7.00% > 0%) |
| Interest Coverage Ratio: 6.80 > 6 (EBIT TTM 901.4m / Interest Expense TTM 132.6m) |
| A: 0.03 (Total Current Assets 1.03b - Total Current Liabilities 774.4m) / Total Assets 9.79b |
| B: 0.14 (Retained Earnings 1.34b / Total Assets 9.79b) |
| C: 0.09 (EBIT TTM 901.4m / Avg Total Assets 9.91b) |
| D: 1.86 (Book Value of Equity 6.37b / Total Liabilities 3.43b) |
| Altman-Z'' = 3.18 = A |
| DSRI: 0.66 (Receivables 74.5m/83.2m, Revenue 2.58b/1.91b) |
| GMI: 0.71 (GM 27.83% / 39.13%) |
| AQI: 1.36 (AQ_t 0.08 / AQ_t-1 0.06) |
| SGI: 1.35 (Revenue 2.58b / 1.91b) |
| TATA: -0.01 (NI 817.7m - CFO 961.2m) / TA 9.79b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of October 14, 2026, the stock is trading at USD 10.85 with a total of 12,370,029 shares traded. Over the past week, the price has changed by -4.66%, over one month by -8.44%, over three months by +15.04% and over the past year by -10.26%.
Current recommended Stop Loss: 10.10 (which is 6.9% 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 | 14 | 29% |
P/E Trailing = 23.3061
P/E Forward = 8.673
P/S = 4.602
P/B = 2.209
Revenue TTM = 2.58b USD
EBIT TTM = 901.4m USD
EBITDA TTM = 1.46b USD
Long Term Debt = 553.9m USD (from longTermDebt, last quarter)
Short Term Debt = 29.1m USD (from shortTermDebt, last quarter)
Debt = 656.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 73.7m
Net Debt = 175.1m USD (calculated: Debt 656.7m - CCE 481.6m)
Enterprise Value = 13.5b USD (13.3b + Debt 656.7m - CCE 481.6m)
Interest Coverage Ratio = 6.80 (Ebit TTM 901.4m / Interest Expense TTM 132.6m)
EV/FCF = 221.4x (Enterprise Value 13.5b / FCF TTM 61.0m)
FCF Yield = 0.45% (FCF TTM 61.0m / Enterprise Value 13.5b)
FCF Margin = 2.37% (FCF TTM 61.0m / Revenue TTM 2.58b)
Net Margin = 31.72% (Net Income TTM 817.7m / Revenue TTM 2.58b)
Gross Margin = 39.13% ((Revenue TTM 2.58b - Cost of Revenue TTM 1.57b) / Revenue TTM)
Gross Margin QoQ = 39.16% (prev 50.89%)
Tobins Q-Ratio = 1.38 (Enterprise Value 13.5b / Total Assets 9.79b)
Interest Expense / Debt = 20.19% (Interest Expense 132.6m / Debt 656.7m)
Taxrate = 43.00% (330.6m / 768.8m)
NOPAT = 513.8m (EBIT 901.4m * (1 - 43.00%))
Current Ratio = 1.33 (Total Current Assets 1.03b / Total Current Liabilities 774.4m)
Debt / Equity = 0.10 (Debt 656.7m / totalStockholderEquity, last quarter 6.37b)
Debt / EBITDA = 0.12 (Net Debt 175.1m / EBITDA 1.46b)
Debt / FCF = 2.87 (Net Debt 175.1m / FCF TTM 61.0m)
Total Stockholder Equity = 5.96b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.25% (Net Income 817.7m / Total Assets 9.79b)
RoE = 13.71% (Net Income TTM 817.7m / Total Stockholder Equity 5.96b)
RoCE = 13.83% (EBIT 901.4m / Capital Employed (Equity 5.96b + L.T.Debt 553.9m))
RoIC = 5.76% (NOPAT 513.8m / Invested Capital 8.92b)
WACC = 9.62% (E(13.3b)/V(14.0b) * Re(9.53%) + D(656.7m)/V(14.0b) * Rd(20.19%) * (1-Tc(0.43)))
Discount Rate = 9.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.84 | Cagr: 51.90%
[DCF] Terminal Value 68.48% ; FCFF base≈69.8m ; Y1≈61.2m ; Y5≈49.5m
[DCF] Fair Price = 0.41 (EV 656.7m - Net Debt 175.1m = Equity 481.6m / Shares 1.17b; r=9.62% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 94.34 | EPS CAGR: 225.7% | SUE: 0.0 | # QB: 0
Revenue Correlation: 96.14 | Revenue CAGR: 42.52% | SUE: -0.04 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.24 | Chg30d=-16.69% | Revisions=+25% | Analysts=6
EPS current Year (2026-12-31): EPS=1.09 | Chg30d=-1.62% | Revisions=-17% | GrowthEPS=+62.0% | GrowthRev=+122.1%
EPS next Year (2027-12-31): EPS=1.46 | Chg30d=-3.19% | Revisions=+17% | GrowthEPS=+34.1% | GrowthRev=+31.6%
[Analyst] Revisions Ratio: +10% (up=4, down=3)