Equinox Gold Corp

Equinox Gold Corp (EQX) Stock Analysis

$11.110

+0.885 (+7.97%)At close

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High
11.140
Open
10.520
VWAP
10.87
Volume
15.72M
Mkt Cap
2.04B
Low
10.355
Amount
170.89M
EV/EBITDA, TTM
5.74

Equinox Gold Corp. is a Canada-based North America's senior gold producer. The Company's operating mines include Greenstone, Valentine, Musselwhite, Mesquite, Camino Rojo and Nicaragua Operations. Its growth projects include Valentine Phase 2, South Railroad, Castle Mountain Phase 2, Los Filos Expansion, and Camino Rojo Underground. Greenstone is a multi-million-ounce gold project located in the mining jurisdiction of Ontario, Canada, approximately 275 kilometers (km) northeast of Thunder Bay in Geraldton, Ontario. Valentine Gold Mine is located in central Newfoundland and Labrador, Canada. Musselwhite Gold Mine is located in the mining jurisdiction of Ontario, Canada, approximately 500 km north of Thunder Bay. Mesquite is located in Imperial County, California, United States. Camino Rojo is located in the jurisdiction of Zacatecas, Mexico. Nicaragua Operations is a series of underground and open-pit mines with ore trucked to one of two mills: Limon and Libertad.

AI analysis of Equinox Gold Corp (EQX)

Buy

Equinox Gold Corp is a good buy right now due to its recent strong earnings performance, with a Q2 EPS of $0.28, beating estimates by $0.11, and a significant revenue growth of 169.3% year-over-year, totaling $769.8 million. Additionally, the stock's current price of $11.42 is below the analyst price target of $13, indicating potential upside. However, the main risk is the hedge funds selling trend, which has increased by 211.13% over the last quarter, suggesting caution among institutional investors.

Valuation Metrics

The current forward P/E ratio for Equinox Gold Corp (EQX) is 8.67, compared to its 5-year average forward P/E of 144.20.

Forward P/E

Fair
5Y Average P/E
144.20
Current P/E
8.67
Overvalued
708.88
Undervalued
-420.47

Forward EV/EBITDA

Fair
5Y Average EV/EBITDA
5.87
Current EV/EBITDA
5.74
Overvalued
8.48
Undervalued
3.25

Forward P/S

Overvalued
5Y Average P/S
1.61
Current P/S
2.41
Overvalued
2.30
Undervalued
0.93

Whales holding EQX

V

Van Eck Associates Corporation

+ HoldingEQX

+4.42%

3M Return

L

L1 Capital Pty. Limited

+ HoldingEQX

-0.25%

3M Return

Events Timeline

2026-10-13 (ET)

07:00:00

Equinox Gold Reports Q3 Gold Production of 237,019 oz

2026-08-05 (ET)

18:00:00

Equinox Gold Sees 2026 Gold Production at 870K-920K oz

18:00:00

Equinox Gold Q2 Revenue $769.8M, Gold Production 176,836 Ounces

2026-07-31 (ET)

05:30:00

Equinox Gold and Orla Mining Complete Business Combination

2026-07-22 (ET)

15:30:00

Equinox Gold Shareholders Approve Merger with Orla Mining

News

EQX FAQ — answered by Alphio AI

Equinox Gold Corp. is a Canada-based North America's senior gold producer. The Company's operating mines include Greenstone, Valentine, Musselwhite, Mesquite, Camino Rojo and Nicaragua Operations. Its growth projects include Valentine Phase 2, South Railroad, Castle Mountain Phase 2, Los Filos Expansion, and Camino Rojo Underground. Greenstone is a multi-million-ounce gold project located in the mining jurisdiction of Ontario, Canada, approximately 275 kilometers (km) northeast of Thunder Bay in Geraldton, Ontario. Valentine Gold Mine is located in central Newfoundland and Labrador, Canada. Musselwhite Gold Mine is located in the mining jurisdiction of Ontario, Canada, approximately 500 km north of Thunder Bay. Mesquite is located in Imperial County, California, United States. Camino Rojo is located in the jurisdiction of Zacatecas, Mexico. Nicaragua Operations is a series of underground and open-pit mines with ore trucked to one of two mills: Limon and Libertad. It operates in the Basic Materials sector.

Equinox Gold Corp is a good buy right now due to its recent strong earnings performance, with a Q2 EPS of $0.28, beating estimates by $0.11, and a significant revenue growth of 169.3% year-over-year, totaling $769.8 million. Additionally, the stock's current price of $11.42 is below the analyst price target of $13, indicating potential upside. However, the main risk is the hedge funds selling trend, which has increased by 211.13% over the last quarter, suggesting caution among institutional investors.

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This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

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