EQX

Equinox Gold Corp

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Advanced Chart

6.440

-0.11(-1.679%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

6.700

Open

6.650

VWAP

6.51

Vol

14.27M

Mkt Cap

4.89B

Low

6.390

Amount

92.94M

EV/EBITDA(TTM)

11.45

Total Shares

386.40M

6.21B

EV/OCF(TTM)

21.91

P/S(TTM)

1.78

Equinox Gold Corp. is a diversified gold producer. The Company has a portfolio of mines in five countries anchored by two Canadian gold mines: the Greenstone Gold Mine in Ontario and the Valentine Gold Mine in Newfoundland and Labrador. Its other operating mines include Mesquite Mine, Aurizona Mine, RDM Mine, Bahia Complex, Limon Mine, Libertad Mine, and Pan Gold Mine. 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. Mesquite Mine is an open pit, run-of-mine heap leach gold mine located in Imperial County, California, United States, approximately 200 miles south of its Castle Mountain Mine. Aurizona Mine is located in northeastern Brazil near the town of Godofredo Viana in Maranhao State, and within three km of an Atlantic Ocean inlet. RDM Mine is located in Minas Gerais State, Brazil, about 560 km north of the state capital city of Belo Horizonte.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

0.00

-100%

0.280

+64.71%

0.00

-100%

0.157

+74.08%

470.00M

+74.44%

0.026

-360%

Estimates Revision

The market is revising Upward the revenue expectations for Equinox Gold Corp. (EQX) for FY2025, with the revenue forecasts being adjusted by 16.79% over the past three months. During the same period, the stock price has changed by 4.89%.

Revenue Estimates for FY2025

Revise Upward

+16.79%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-32.45%

In Past 3 Month

Stock Price

Go Up

+4.89%

In Past 3 Month

7 Analyst Rating

26.40% Upside

Wall Street analysts forecast EQX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQX is 8.14 USD with a low forecast of 6.90 USD and a high forecast of 9.07 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

3 Hold

0 Sell

Moderate Buy

26.40% Upside

Current: 6.440

Low

6.90

Averages

8.14

High

9.07

26.40% Upside

Current: 6.440

Low

6.90

Averages

8.14

High

9.07

TD Securities

Wayne Lam

Hold

Buy

upgrade

$11 -> $12

2025-07-16

Reason

TD Securities

Wayne Lam

Price Target

$11 -> $12

2025-07-16

upgrade

Hold

Buy

Reason

TD Securities analyst Wayne Lam upgraded Equinox Gold to Buy from Hold with a price target of C$12, up from C$11. The firm sees an attractive risk/reward following the stock's underperformance since the CXB deal announcement in late February. The analyst views Equinox's recent guidance as a "clearing event."

National Bank

Mohamed Sidib

Outperform -> Outperform

downgrade

$12 -> $11

2025-07-16

Reason

National Bank

Mohamed Sidib

Price Target

$12 -> $11

2025-07-16

downgrade

Outperform -> Outperform

Reason

National Bank analyst Mohamed Sidib lowered the firm's price target on Equinox Gold to C$11 from C$12 and keeps an Outperform rating on the shares.

CIBC

Neutral

maintain

$10 -> $11

2025-07-15

Reason

CIBC

Price Target

$10 -> $11

2025-07-15

maintain

Neutral

Reason

CIBC raised the firm's price target on Equinox Gold to C$11 from C$10 and keeps a Neutral rating on the shares.

CIBC

Neutral

maintain

$10

2025-06-26

Reason

CIBC

Price Target

$10

2025-06-26

maintain

Neutral

Reason

CIBC raised the firm's price target on Equinox Gold to C$10 from C$9.50 and keeps a Neutral rating on the shares.

BMO Capital

Kevin O'Halloran

Outperform

downgrade

$11

2025-06-19

Reason

BMO Capital

Kevin O'Halloran

Price Target

$11

2025-06-19

downgrade

Outperform

Reason

BMO Capital analyst Kevin O'Halloran resumed coverage of Equinox Gold with an Outperform rating and price target of C$11, down from C$11.50. Equinox has closed its acquisition of Calibre Mining, resulting in the formation of a major gold producer anchored by the Greenstone and Valentine mines in Canada, the analyst tells investors in a research note. BMO expects "substantial" free cash flow and an improving balance sheet, and says the shares remain discounted versus Equinox's senior peers.

National Bank

Mohamed Sidibe

Outperform

downgrade

$14 -> $12

2025-06-13

Reason

National Bank

Mohamed Sidibe

Price Target

$14 -> $12

2025-06-13

downgrade

Outperform

Reason

National Bank analyst Mohamed Sidibe lowered the firm's price target on Equinox Gold to C$12 from C$14 and keeps an Outperform rating on the shares.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Equinox Gold Corp (EQX.A) is 10.07, compared to its 5-year average forward P/E of 146.43. For a more detailed relative valuation and DCF analysis to assess Equinox Gold Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

146.43

Current PE

10.07

Overvalued PE

711.57

Undervalued PE

-418.71

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

5.74

Current EV/EBITDA

4.13

Overvalued EV/EBITDA

8.13

Undervalued EV/EBITDA

3.35

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.49

Current PS

1.70

Overvalued PS

1.99

Undervalued PS

0.99