(EQX) Equinox Gold - Overview

Sector: Basic Materials | Industry: Gold | Exchange: NYSE MKT (USA) | Market Cap: 11.514m USD | Total Return: 168.8% in 12m

Gold, Silver, Mining
Total Rating 43
Safety 74
Buy Signal -1.03
Gold
Industry Rotation: -12.6
Market Cap: 11.5B
Avg Turnover: 143M USD
ATR: 6.17%
Peers RS (IBD): 60.9
Risk 5d forecast
Volatility69.0%
Rel. Tail Risk-2.48%
Reward TTM
Sharpe Ratio1.89
Alpha123.26
Character TTM
Beta0.868
Beta Downside1.981
Drawdowns 3y
Max DD36.03%
CAGR/Max DD1.10
EPS (Earnings per Share) EPS (Earnings per Share) of EQX over the last years for every Quarter: "2021-03": -0.02, "2021-06": 0.01, "2021-09": 0.02, "2021-12": 0.22, "2022-03": -0.08, "2022-06": -0.16, "2022-09": -0.09, "2022-12": 0.02, "2023-03": -0.03, "2023-06": -0.02, "2023-09": 0.09, "2023-12": 0.01, "2024-03": -0.04, "2024-06": -0.01, "2024-09": 0.09, "2024-12": 0.17, "2025-03": -0.08, "2025-06": 0.11, "2025-09": 0.19, "2025-12": 0.34, "2026-03": 0,
EPS CAGR: 121.78%
EPS Trend: 64.2%
Last SUE: -2.42
Qual. Beats: 0
Revenue Revenue of EQX over the last years for every Quarter: 2021-03: 229.702, 2021-06: 226.2, 2021-09: 245.1, 2021-12: 381.231, 2022-03: 223.161, 2022-06: 224.621, 2022-09: 245.132, 2022-12: 259.296, 2023-03: 234.09, 2023-06: 271.563, 2023-09: 284.747, 2023-12: 297.791, 2024-03: 241.318, 2024-06: 269.434, 2024-09: 428.386, 2024-12: 574.982, 2025-03: 423.724, 2025-06: 478.64, 2025-09: 809.930381, 2025-12: 136.711587, 2026-03: null,
Rev. CAGR: -12.25%
Rev. Trend: 44.4%
Last SUE: -4.00
Qual. Beats: 0

Warnings

Share dilution 37.1% YoY - potential capital distress

Volatile

Tailwinds

No distinct edge detected

Description: EQX Equinox Gold

Equinox Gold Corp. (EQX) is a Canadian company focused on the acquisition, exploration, development, and operation of mineral properties across the Americas.

The company primarily targets gold and silver deposits. Gold mining is a capital-intensive industry with long lead times from discovery to production.

EQX was founded in 2007 and was formerly known as Trek Mining Inc. until its name change in December 2017.

For more detailed financial and operational data, ValueRay offers comprehensive company profiles.

Headlines to Watch Out For
  • Gold price volatility impacts revenue
  • Production costs at mines affect profitability
  • Regulatory changes in mining jurisdictions pose risks
  • Exploration success drives future resource growth
  • Currency fluctuations influence operating expenses
Piotroski VR‑10 (Strict) 5.0
Net Income: 225.3m TTM > 0 and > 6% of Revenue
FCF/TA: -0.00 > 0.02 and ΔFCF/TA 1.29 > 1.0
NWC/Revenue: 38.25% < 20% (prev 6.28%; Δ 31.98% < -1%)
CFO/TA 0.07 > 3% & CFO 697.8m > Net Income 225.3m
Net Debt (1.15b) to EBITDA (842.7m): 1.36 < 3
Current Ratio: 1.56 > 1.5 & < 3
Outstanding Shares: last quarter (630.3m) vs 12m ago 37.08% < -2%
Gross Margin: 24.99% > 18% (prev 0.24%; Δ 2.48k% > 0.5%)
Asset Turnover: 21.46% > 50% (prev 22.55%; Δ -1.09% > 0%)
Interest Coverage Ratio: 1.73 > 6 (EBITDA TTM 842.7m / Interest Expense TTM 182.4m)
Altman Z'' 2.23
A: 0.07 (Total Current Assets 1.97b - Total Current Liabilities 1.26b) / Total Assets 10.52b
B: 0.08 (Retained Earnings 818.5m / Total Assets 10.52b)
C: 0.04 (EBIT TTM 316.1m / Avg Total Assets 8.61b)
D: 1.22 (Book Value of Equity 5.78b / Total Liabilities 4.73b)
Altman-Z'' Score: 2.23 = BBB
Beneish M -3.04
DSRI: 0.76 (Receivables 65.3m/70.0m, Revenue 1.85b/1.51b)
GMI: 0.98 (GM 24.99% / 24.39%)
AQI: 1.14 (AQ_t 0.06 / AQ_t-1 0.05)
SGI: 1.22 (Revenue 1.85b / 1.51b)
TATA: -0.04 (NI 225.3m - CFO 697.8m) / TA 10.52b)
Beneish M-Score: -3.04 (Cap -4..+1) = AA
What is the price of EQX shares? As of April 09, 2026, the stock is trading at USD 15.28 with a total of 12,013,863 shares traded.
Over the past week, the price has changed by +2.28%, over one month by -7.36%, over three months by +4.47% and over the past year by +168.79%.
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.
  • StrongBuy: 2
  • Buy: 1
  • Hold: 4
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the EQX price?
Analysts Target Price 8.6 -43.5%
Equinox Gold (EQX) - Fundamental Data Overview as of 07 April 2026
P/E Forward = 10.2987
P/S = 6.3359
P/B = 1.9867
Revenue TTM = 1.85b USD
EBIT TTM = 316.1m USD
EBITDA TTM = 842.7m USD
Long Term Debt = 1.37b USD (from longTermDebt, last quarter)
Short Term Debt = 181.0m USD (from shortTermDebt, last quarter)
Debt = 1.55b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.15b USD (from netDebt column, last quarter)
Enterprise Value = 12.66b USD (11.51b + Debt 1.55b - CCE 407.4m)
Interest Coverage Ratio = 1.73 (Ebit TTM 316.1m / Interest Expense TTM 182.4m)
EV/FCF = -1000.0x (Enterprise Value 12.66b / FCF TTM -6.70m)
FCF Yield = -0.05% (FCF TTM -6.70m / Enterprise Value 12.66b)
FCF Margin = -0.36% (FCF TTM -6.70m / Revenue TTM 1.85b)
Net Margin = 12.19% (Net Income TTM 225.3m / Revenue TTM 1.85b)
Gross Margin = 24.99% ((Revenue TTM 1.85b - Cost of Revenue TTM 1.39b) / Revenue TTM)
Gross Margin QoQ = 2.58% (prev 32.75%)
Tobins Q-Ratio = 1.20 (Enterprise Value 12.66b / Total Assets 10.52b)
Interest Expense / Debt = 2.48% (Interest Expense 38.5m / Debt 1.55b)
Taxrate = 21.0% (US default 21%)
NOPAT = 249.7m (EBIT 316.1m * (1 - 21.00%))
Current Ratio = 1.56 (Total Current Assets 1.97b / Total Current Liabilities 1.26b)
Debt / Equity = 0.27 (Debt 1.55b / totalStockholderEquity, last quarter 5.78b)
Debt / EBITDA = 1.36 (Net Debt 1.15b / EBITDA 842.7m)
 Debt / FCF = -171.0 (out of range, set to none) (Net Debt 1.15b / FCF TTM -6.70m)
 Total Stockholder Equity = 4.99b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.62% (Net Income 225.3m / Total Assets 10.52b)
RoE = 4.51% (Net Income TTM 225.3m / Total Stockholder Equity 4.99b)
RoCE = 4.97% (EBIT 316.1m / Capital Employed (Equity 4.99b + L.T.Debt 1.37b))
RoIC = 3.79% (NOPAT 249.7m / Invested Capital 6.59b)
WACC = 8.20% (E(11.51b)/V(13.07b) * Re(9.04%) + D(1.55b)/V(13.07b) * Rd(2.48%) * (1-Tc(0.21)))
Discount Rate = 9.04% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 40.94%
 [DCF] Fair Price = unknown (Cash Flow -6.70m)
 EPS Correlation: 64.22 | EPS CAGR: 121.8% | SUE: -2.42 | # QB: 0
Revenue Correlation: 44.36 | Revenue CAGR: -12.25% | SUE: -4.0 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.29 | Chg7d=-0.056 | Chg30d=-0.013 | Revisions Net=+0 | Analysts=6
EPS current Year (2026-12-31): EPS=1.43 | Chg7d=-0.026 | Chg30d=+0.042 | Revisions Net=+2 | Growth EPS=+113.0% | Growth Revenue=+102.5%
EPS next Year (2027-12-31): EPS=1.94 | Chg7d=+0.105 | Chg30d=+0.299 | Revisions Net=+3 | Growth EPS=+36.2% | Growth Revenue=+14.1%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
External Resources
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