EQX Stock Analysis: Equinox Gold | AMEX
Gold | AMEX, USA | Market Cap: 13.694m USD | 12M Return: 12.7% | CA29446Y5020 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 152M
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. (EQX) is a Canadian mining company that engages in the acquisition, exploration, development, and operation of mineral properties across the Americas, with a primary focus on gold and silver deposits. Incorporated in 2007 and headquartered in Vancouver, the company was originally known as Trek Mining Inc. before adopting its current name in December 2017. Listed on AMEX as a large-cap stock, Equinox Gold is classified within the Materials sector and the Gold sub-industry.
The gold mining business model typically spans the full mining lifecycle, from early-stage exploration and resource definition through mine construction, production, and eventual reclamation. Revenue is generated primarily through the sale of refined gold and silver, and profitability is largely influenced by commodity prices, ore grades, mining costs, and reserve quality. The Americas remains one of the most important gold-producing regions globally, hosting both established producing mines and development-stage projects that contribute significantly to worldwide supply.
- Gold price surge lifts mine revenue and operating margins
- Greenstone mine ramp-up accelerates quarterly gold production growth
- All-in sustaining costs decline as new mines reach full capacity
| 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 (1.48b): 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 September 27, 2026, the stock is trading at USD 11.94 with a total of 9,211,384 shares traded. Over the past week, the price has changed by -4.10%, over one month by -14.59%, over three months by +27.14% and over the past year by +12.68%.
Current recommended Stop Loss: 11.10 (which is 7% or 1.4 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 | 17.3% |
P/E Trailing = 18.619
P/E Forward = 8.673
P/S = 4.727
P/B = 2.209
Revenue TTM = 2.58b USD
EBIT TTM = 901.4m USD
EBITDA TTM = 1.48b 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 = 13.9b USD (13.7b + Debt 656.7m - CCE 481.6m)
Interest Coverage Ratio = 6.80 (Ebit TTM 901.4m / Interest Expense TTM 132.6m)
EV/FCF = 227.3x (Enterprise Value 13.9b / FCF TTM 61.0m)
FCF Yield = 0.44% (FCF TTM 61.0m / Enterprise Value 13.9b)
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 = 1.42 (Enterprise Value 13.9b / 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 1.48b)
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 = 9.50% (E(13.7b)/V(14.4b) * Re(9.40%) + D(656.7m)/V(14.4b) * Rd(20.19%) * (1-Tc(0.43)))
Discount Rate = 9.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.84 | Cagr: 51.90%
[DCF] Terminal Value 68.93% ; FCFF base≈69.8m ; Y1≈61.2m ; Y5≈49.5m
[DCF] Fair Price = 0.42 (EV 668.2m - Net Debt 175.1m = Equity 493.0m / Shares 1.17b; r=9.50% [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=0.27 | Chg30d=-5.02% | Revisions=+25% | Analysts=8
EPS current Year (2026-12-31): EPS=1.10 | Chg30d=-0.80% | Revisions=+0% | GrowthEPS=+64.0% | GrowthRev=+124.3%
EPS next Year (2027-12-31): EPS=1.52 | Chg30d=+0.52% | Revisions=-40% | GrowthEPS=+38.5% | GrowthRev=+32.2%
[Analyst] Revisions Ratio: -12% (up=2, down=3)