Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. More Details
Reasonable growth potential with adequate balance sheet.
Share Price & News
How has Equinox Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EQX is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: EQX's weekly volatility (6%) has been stable over the past year.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: EQX underperformed the Canadian Metals and Mining industry which returned 19.6% over the past year.
Return vs Market: EQX underperformed the Canadian Market which returned 34.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Equinox Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StWhat Kind Of Investors Own Most Of Equinox Gold Corp. (TSE:EQX)?
2 months ago | Simply Wall StIs Equinox Gold Corp.'s (TSE:EQX) Recent Price Movement Underpinned By Its Weak Fundamentals?
3 months ago | Simply Wall StRobust Earnings May Not Tell The Whole Story For Equinox Gold (TSE:EQX)
Is Equinox Gold undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EQX (CA$9.86) is trading below our estimate of fair value (CA$24.87)
Significantly Below Fair Value: EQX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EQX is poor value based on its PE Ratio (28.8x) compared to the Canadian Metals and Mining industry average (13.4x).
PE vs Market: EQX is poor value based on its PE Ratio (28.8x) compared to the Canadian market (14.7x).
Price to Earnings Growth Ratio
PEG Ratio: EQX is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: EQX is good value based on its PB Ratio (1.3x) compared to the CA Metals and Mining industry average (2.9x).
How is Equinox Gold forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EQX's forecast earnings growth (25.1% per year) is above the savings rate (1.5%).
Earnings vs Market: EQX's earnings (25.1% per year) are forecast to grow faster than the Canadian market (13.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EQX's revenue (16% per year) is forecast to grow faster than the Canadian market (5.7% per year).
High Growth Revenue: EQX's revenue (16% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EQX's Return on Equity is forecast to be low in 3 years time (18%).
How has Equinox Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQX has high quality earnings.
Growing Profit Margin: EQX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: EQX has become profitable over the past 5 years, growing earnings by -9.7% per year.
Accelerating Growth: EQX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: EQX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (214.7%).
Return on Equity
High ROE: EQX's Return on Equity (4.4%) is considered low.
How is Equinox Gold's financial position?
Financial Position Analysis
Short Term Liabilities: EQX's short term assets ($701.5M) exceed its short term liabilities ($308.1M).
Long Term Liabilities: EQX's short term assets ($701.5M) do not cover its long term liabilities ($950.5M).
Debt to Equity History and Analysis
Debt Level: EQX's debt to equity ratio (36.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if EQX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: EQX's debt is well covered by operating cash flow (53.4%).
Interest Coverage: EQX's interest payments on its debt are well covered by EBIT (5.1x coverage).
What is Equinox Gold current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EQX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EQX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EQX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EQX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EQX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Christian Milau (48 yo)
Mr. Christian Milau, C.P.A., C.A., CPA (Illinois), has been Chief Executive Officer at Equinox Gold Corp. since August 2016 and serves as its Director since May 15, 2020. He was Director at Equinox Gold Co...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD1.93M) is about average for companies of similar size in the Canadian market ($USD2.17M).
Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.
Experienced Management: EQX's management team is considered experienced (4.3 years average tenure).
Experienced Board: EQX's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EQX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.5%.
Equinox Gold Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Equinox Gold Corp.
- Ticker: EQX
- Exchange: TSX
- Founded: 2007
- Industry: Gold
- Sector: Materials
- Market Cap: CA$2.947b
- Shares outstanding: 298.87m
- Website: https://www.equinoxgold.com
Number of Employees
- Equinox Gold Corp.
- 700 West Pender Street
- Suite 1501
- British Columbia
- V6C 1G8
Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine l...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/19 15:15|
|End of Day Share Price||2021/06/18 00:00|
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 here.