Equinox Gold (EQX) Stock Overview
Engages in the acquisition, exploration, development, and operation of mineral properties in the Americas. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
EQX Community Fair Values
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Analyst Price Targets
Equinox Gold Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$16.81 |
| 52 Week High | CA$25.87 |
| 52 Week Low | CA$7.71 |
| Beta | 2.36 |
| 1 Month Change | -21.34% |
| 3 Month Change | -21.60% |
| 1 Year Change | 87.19% |
| 3 Year Change | 159.81% |
| 5 Year Change | 49.56% |
| Change since IPO | -25.54% |
Recent News & Updates
Recent updates
Analysis Article • May 13
Equinox Gold's (TSE:EQX) Shareholders May Want To Dig Deeper Than Statutory Profit
The market for Equinox Gold Corp.'s ( TSE:EQX ) stock was strong after it released a healthy earnings report last week...
Narrative Update • Apr 28
EQX: Dividend And Buyback Programme Will Support Re Rating Over The Medium Term
Analysts have trimmed their CA$ price target on Equinox Gold by roughly CA$0.25, reflecting modestly higher discount rate assumptions and slightly lower revenue growth expectations, partly offset by stronger projected profit margins and a lower future P/E. Analyst Commentary Recent research on Equinox Gold has leaned positive, with several bullish analysts revisiting both ratings and price targets.Narrative Update • Apr 14
EQX: Dividend And Buyback Programme Will Support Stronger Medium-Term Profitability
Analysts have raised their CA$ fair value estimate for Equinox Gold from CA$33.85 to CA$34.21, citing a series of recent price target increases and upgrades to Outperformer ratings across several firms. Analyst Commentary Bullish analysts have been active on Equinox Gold in recent weeks, with several research notes pointing to higher price targets and upgraded ratings that support the updated CA$34.21 fair value estimate.
Narrative Update • Mar 31
EQX: Higher Gold Price Views And Capital Returns Will Test Margin Resilience
Equinox Gold's analyst price target has been revised from CA$23.10 to CA$23.52. Analysts point to a series of recent target increases and upgrades from firms such as CIBC, Stifel, BMO Capital, Scotiabank, and Canaccord as key support for the change.Narrative Update • Mar 17
EQX: Higher Gold Price Views And New Mines Will Test Margin Resilience
Analysts have lifted the blended CA$ price target for Equinox Gold by roughly CA$2, supported by a series of recent upgrades and target increases from major Canadian banks that reflect updated views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent research has focused on how Equinox Gold's updated price targets line up with expectations for revenue, margins, and P/E assumptions.Narrative Update • Mar 02
EQX: Upgrades And Dividend Initiation Will Support Stronger Medium-Term Profitability
We are lifting our Equinox Gold fair value estimate to CA$33.85 from CA$27.97 as analysts raise price targets across the Street. This reflects updated assumptions for the discount rate, revenue growth, profit margins, and future P/E multiples following several recent upgrades and target hikes at major Canadian banks.
Narrative Update • Feb 16
EQX: Higher Gold Price Assumptions Will Drive Re Rating As Cash Builds
Our updated analyst price target for Equinox Gold moves to CA$26.85, reflecting recent Street research that has raised targets by up to CA$7 as analysts factor in the assumption of higher revenue growth, wider profit margins and a lower future P/E multiple. Analyst Commentary Recent Street research on Equinox Gold has centered on higher price targets and rating changes, with several bullish analysts revisiting their assumptions on revenue potential, margins and valuation multiples.Narrative Update • Feb 02
EQX: Higher Fair Value And New Mines Will Challenge Margin Assumptions
Equinox Gold's analyst price target has moved higher by about $2 to roughly $21, as analysts factor in updated assumptions for revenue growth, profit margins and a lower future P/E multiple following a series of recent target increases from several firms. Analyst Commentary Recent Street research on Equinox Gold centers on refreshed price targets and rating changes, with several firms updating their models for revenue, margin and P/E assumptions.Narrative Update • Jan 19
EQX: Outperformance Call And New Mine Output Will Test Execution
Analysts have nudged their price target for Equinox Gold slightly higher to C$19.06 from C$19.02, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E that align with a recent upgrade to Outperform from a major firm covering the stock. Analyst Commentary The recent upgrade to Outperform with a C$19 price target reflects more constructive views on Equinox Gold, but not all commentary around the name is uniformly positive.Narrative Update • Jan 05
EQX: Higher Ratings And New Mine Ramp-Up Will Test Execution
Analysts have raised their price target for Equinox Gold to about C$19 from roughly C$9.50, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E expectations. Analyst Commentary Recent research updates have highlighted more constructive views on Equinox Gold, with upgrades to higher ratings and price targets in the C$19 to C$22 range.Analysis Article • Dec 23
Newsflash: Equinox Gold Corp. (TSE:EQX) Analysts Have Been Trimming Their Revenue Forecasts
One thing we could say about the analysts on Equinox Gold Corp. ( TSE:EQX ) - they aren't optimistic, having just made...Narrative Update • Dec 16
EQX Will Benefit From Outperformance Upgrades And Stronger Medium-Term Profitability
The analyst price target for Equinox Gold has been raised sharply from approximately C$17 to about C$28 per share, as analysts point to stronger expected profitability and recent upgrades to Outperform, which support a higher valuation multiple despite slightly more conservative growth assumptions. Analyst Commentary Bullish analysts have turned increasingly positive on Equinox Gold as recent operational progress and a stronger gold price backdrop have improved confidence in the company’s medium term outlook.Narrative Update • Dec 02
EQX: Outperform Upgrades Will Drive Re-Rating As Free Cash Flow Builds
Equinox Gold's analyst price target increased modestly, rising from approximately $21.75 to $22.05. Analysts cited ongoing upgrades driven by improved revenue growth projections, higher profit margins, and positive sector outlooks in recent research notes.Narrative Update • Nov 18
EQX: Upgrades Will Drive Re-Rating Potential as Free Cash Flow Accelerates
The analyst consensus price target for Equinox Gold has been raised from C$20.98 to C$21.75. Analysts point to recent upgrades and increased free cash flow forecasts as the primary drivers behind the upward revision.Narrative Update • Nov 01
EQX: Ramp-Ups At Cornerstone Mines Will Unlock Re-Rating Potential
Analysts have raised their price target for Equinox Gold from C$19.78 to C$20.98, citing improved free cash flow forecasts and a re-rating opportunity as the company's cornerstone mines ramp up production. Analyst Commentary Recent research coverage has seen several bullish shifts in sentiment regarding Equinox Gold's prospects, centered on improved free cash flow forecasts and anticipated production growth.Narrative Update • Oct 18
Greenstone And Valentine Ramp-Ups Will Drive Enduring Potential
Equinox Gold's analyst price target was recently raised from C$15.95 to C$19.78. Analysts cited strengthened free cash flow projections, robust profit margins, and a compelling valuation relative to peers.Narrative Update • Oct 04
Greenstone And Valentine Ramp-Ups Will Drive Enduring Potential
Analysts have increased their fair value price target for Equinox Gold from C$13.62 to C$15.95. They cite robust free cash flow forecasts, upgraded ratings, and a re-rating potential as key factors behind the revision.Narrative Update • Sep 19
Greenstone And Valentine Ramp-Ups Will Drive Enduring Potential
Upward revisions in Equinox Gold’s price target reflect analyst optimism around robust free cash flow forecasts, operational improvements from ramping cornerstone mines, and valuation discounts versus peers, leading to an increased consensus price target from CA$12.73 to CA$13.62. Analyst Commentary Bullish analysts cite C$3.0 billion in forecast free cash flows through 2027, even without production from Los Filos, as a driver for valuation upside.Narrative Update • Sep 04
Greenstone And Valentine Ramp-Ups Will Drive Enduring Potential
The consensus analyst price target for Equinox Gold has been modestly raised to CA$12.73, reflecting improved free cash flow prospects and increased scale following the Calibre Mining acquisition, though execution and sector risks temper optimism. Analyst Commentary Acquisition of Calibre Mining has positioned Equinox Gold as a major gold producer, anchored by significant assets such as the Greenstone and Valentine mines in Canada.Narrative Update • Aug 16
Greenstone Ramp-Up And Castle Mountain Expansion Will Transform Gold Operations By 2025
Analysts have raised Equinox Gold’s price target from CA$11.09 to CA$12.21, citing growth from acquisitions, flagship asset contributions to cash flow, and the company’s valuation discount despite sector headwinds. Analyst Commentary Analysts cite the recent acquisition of Calibre Mining and the formation of a major gold producer as a key driver for the company’s growth profile.Analysis Article • Aug 15
Market Might Still Lack Some Conviction On Equinox Gold Corp. (TSE:EQX) Even After 29% Share Price Boost
Equinox Gold Corp. ( TSE:EQX ) shareholders have had their patience rewarded with a 29% share price jump in the last...Analysis Article • Jun 18
Revenues Working Against Equinox Gold Corp.'s (TSE:EQX) Share Price
Equinox Gold Corp.'s ( TSE:EQX ) price-to-sales (or "P/S") ratio of 1.7x might make it look like a buy right now...
New Narrative • Mar 13
Greenstone Ramp-Up And Castle Mountain Expansion Will Transform Gold Operations By 2025
Greenstone, Piaba, and Castle Mountain projects set to enhance gold output, boost revenues, and strengthen earnings.Shareholder Returns
| EQX | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | -17.1% | -12.4% | -1.9% |
| 1Y | 87.2% | 83.7% | 31.1% |
Return vs Industry: EQX exceeded the Canadian Metals and Mining industry which returned 83.7% over the past year.
Return vs Market: EQX exceeded the Canadian Market which returned 31.1% over the past year.
Price Volatility
| EQX volatility | |
|---|---|
| EQX Average Weekly Movement | 9.0% |
| Metals and Mining Industry Average Movement | 12.0% |
| Market Average Movement | 10.3% |
| 10% most volatile stocks in CA Market | 18.3% |
| 10% least volatile stocks in CA Market | 4.0% |
Stable Share Price: EQX has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: EQX's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | n/a | Darren Hall | www.equinoxgold.com |
Equinox Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in the Americas. It primarily explores gold and silver deposits. The company was formerly known as Trek Mining Inc. and changed its name to Equinox Gold Corp. in December 2017.
Equinox Gold Corp. Fundamentals Summary
| EQX fundamental statistics | |
|---|---|
| Market cap | CA$14.40b |
| Earnings (TTM) | CA$339.36m |
| Revenue (TTM) | CA$3.32b |
39.1x
P/E Ratio4.0x
P/S RatioIs EQX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EQX income statement (TTM) | |
|---|---|
| Revenue | US$2.41b |
| Cost of Revenue | US$992.75m |
| Gross Profit | US$1.42b |
| Other Expenses | US$1.17b |
| Earnings | US$246.81m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.31 |
| Gross Margin | 58.86% |
| Net Profit Margin | 10.23% |
| Debt/Equity Ratio | 12.9% |
How did EQX perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield4%
Payout RatioDoes EQX pay a reliable dividends?
See EQX dividend history and benchmarks| Equinox Gold dividend dates | |
|---|---|
| Ex Dividend Date | May 21 2026 |
| Dividend Pay Date | Jun 05 2026 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 16 days |
Does EQX pay a reliable dividends?
See EQX dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/19 04:02 |
| End of Day Share Price | 2026/05/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Equinox Gold Corp. is covered by 18 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gray | ATB Cormark |
| Michael Curran | Beacon Securities Limited |
| Kevin O'Halloran | BMO Capital Markets Equity Research |