Equinox Gold Corp.

TSX:EQX Stock Report

Market Cap: CA$13.4b

Equinox Gold Dividends and Buybacks

Dividend criteria checks 0/6

Equinox Gold is a dividend paying company with a current yield of 0.49%. Next payment date is on 5th June, 2026 with an ex-dividend date of 21st May, 2026.

Key information

0.5%

Dividend yield

0.05%

Buyback Yield

Total Shareholder Yield0.5%
Future Dividend Yield0.5%
Dividend Growthn/a
Next dividend pay date05 Jun 26
Ex dividend date21 May 26
Dividend per sharen/a
Payout ratio4%

Recent dividend and buyback 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...
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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.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: EQX is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.

Growing Dividend: EQX is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.


Dividend Yield vs Market

Equinox Gold Dividend Yield vs Market
How does EQX dividend yield compare to the market?
SegmentDividend Yield
Company (EQX)0.5%
Market Bottom 25% (CA)1.7%
Market Top 25% (CA)5.4%
Industry Average (Metals and Mining)1.4%
Analyst forecast (EQX) (up to 3 years)0.5%

Notable Dividend: EQX's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.68%).

High Dividend: EQX's dividend (0.49%) is low compared to the top 25% of dividend payers in the Canadian market (5.43%).


Earnings Payout to Shareholders

Earnings Coverage: EQX is not paying a notable dividend for the Canadian market.


Cash Payout to Shareholders

Cash Flow Coverage: EQX is not paying a notable dividend for the Canadian market.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/22 04:35
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard GrayATB Cormark
Michael CurranBeacon Securities Limited
Kevin O'HalloranBMO Capital Markets Equity Research