Equinox Gold Corp. (EQX) Stock Analysis
Market Closed
Sector: Other
AnalystsStrong Buy6 analystsWhat's happening with EQX
Price History
5-Year Weekly Candlestick Chart
Profile
valuation and growth lag behind.
How is each axis scored?
- Valuation27/100 · Weak
- P/E vs own history (65th pct)5/25
- FCF yield (1.2%)5/25
- P/S (8.2x)12/25
- EV/EBIT (30.6x)5/25
- Growth45/100 · Weak
- Revenue CAGR (13.8%)20/25
- Net income CAGR (-20.5%)0/25
- EPS CAGR 5Y (-37.2%)0/25
- Fwd implied growth (640.2%)25/25
- Profitability55/100 · Moderate
- ROIC (5.9%)5/25
- ROE (3.5%)5/25
- Net margin (12.2%)20/25
- Operating margin (27.5%)25/25
- Financial Health53/100 · Moderate
- Altman Z (2.35)18/25
- Current ratio (1.33)12/25
- Interest coverage (1.5x)3/25
- Net cash / debt (D/A 4%)20/25
- Quality74/100 · Moderate
- Piotroski F (6/9)15/25
- Beneish M (-2.65)25/25
- FCF conversion (81%)22/25
- Margin stability (σ 9.4%)12/25
About Equinox Gold Corp.
Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. Show more
The company operates gold mines and a clear plan to increase production by advancing the pipeline of growth projects. Geographically, the company operates in the Canada, United States, Mexico, and others. The majority of its revenue is generated from Canada.
Employees: 3,317 · Website ↗
Key Metrics
Financial snapshot — pillar inputs plus per-share and market context
Valuation
27EP/E (TTM)45.6xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 1.4x–102.3x · 65th pct
P/FCF62.3xD
Grade D: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield1.2%C
Grade C: LowTTM FCF / Market Cap — vs own 5Y history: -64.4%–3.2% · 67th pct
P/S (TTM)8.22xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 0.7x–12.8x · 94th pct
EV/EBIT30.6xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 9.4x–246.6x · 40th pct
EV/Sales6.0xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E6.2xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio2.35xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
55CROIC5.9%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE3.5%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA8.1%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin12.2%A
Grade A: HighNet Income / Revenue
Operating Margin27.5%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin52.3%A
Grade A: PremiumGross Profit / Revenue
FCF Margin9.9%C
Grade C: AverageFCF / Revenue
True FCF Margin9.9%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Financial Health
53CAltman Z-Score2.35C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.33xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.25xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage1.5xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment2.0yA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT0.7xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.13xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.57xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Growth
45D+Revenue CAGR13.8%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-20.5%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-37.2%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth640.2%A
Grade A: HighImplied 1Y EPS growth from forward P/E vs our TTM EPS. Sparse — only where forward estimates exist
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Quality
1/5 Loss Years74B+Piotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.65A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion80.9%A
Grade A: StrongFCF / Net Income
Margin Stability9.4%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue49.1%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.17xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
More metrics — Per Share, Balance Sheet, MarketHide additional metrics
Per Share
EPS (TTM)$0.28
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.73
Cash & short-term investments per share (Finnhub)
Book Value / Share$7.38
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$839.05M
Total debt obligations (short + long term)
Cash & Equiv.$481.58M
Cash and short-term investments
Net Debt$357.48M
Total Debt minus Cash. Negative = Net Cash position
Total Equity$6.37B
Shareholders' equity (book value)
Asset / Liability2.86xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$14.94B
Current Market Capitalization
Beta1.31C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
Takeaway
Neutral
Takes ~2.0 years to repay net debt from free cash flow. · Current P/E of 45.6x sits at the 65th percentile of its historical range.
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Dec 2025 · Ratio snapshot Sep 23, 2026
Key Insights: Equinox Gold Corp. (EQX)
Composite verdict for Equinox Gold Corp.: Neutral. Piotroski F-Score of 6/9 indicates mixed fundamentals for Equinox Gold Corp.. Altman Z-Score of 2.35 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out. Beneish M-Score of -2.65 suggests a low likelihood of earnings manipulation.
- Takes ~2.0 years to repay net debt from free cash flow.
- Interest coverage of 1.5× leaves little room for earnings shocks.
- Equinox Gold Corp. posted a net loss in 1 of 5 available completed fiscal years (2021–2025).
- At a valuation score of 27/100, EQX trades at a premium to its historical multiples (P/E 45.6).
See how EQX ranks on the Capex Tracker — top 50 capital spenders compared.
No significant market moves for EQX in the last 30 days.
See EQX move history →Frequently Asked Questions about EQX
Is EQX stock a buy right now?
PreMarketPrice's quantitative model rates Equinox Gold Corp.'s financial health at 53/100 — Neutral. This is a data-driven snapshot of fundamentals, not investment advice.
Is EQX stock overvalued?
Equinox Gold Corp. trades at a trailing P/E of 45.6 and our valuation score rates it 27/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Equinox Gold Corp. report earnings?
No confirmed earnings date is currently scheduled for EQX. The Earnings section lists recent reports and updates as dates are announced.
What sector does Equinox Gold Corp. operate in?
Equinox Gold Corp. operates in the Other sector. The Related Stocks section lists sector peers for comparison.
What does Equinox Gold Corp. do?
Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold.
About Equinox Gold Corp. (EQX) Stock
Equinox Gold Corp. (EQX) is a US-listed stock operating in the Other sector. Real-time pricing data for Equinox Gold Corp. is available on this page with a market capitalization of $14.9 billion. The financial health score for EQX is 53/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for EQX stock.
EQX Stock Analysis & Key Metrics
On PreMarketPrice, you can track Equinox Gold Corp. (EQX) across multiple dimensions:
- Pre-market price & movement: Real-time EQX stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for EQX with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Equinox Gold Corp. across multiple reporting periods.
- Financial health score: A composite score of 53/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for EQX.
- Sector peers: Compare EQX against 10 other other stocks on key financial metrics.
Is EQX a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Equinox Gold Corp. (EQX) as an investment. The financial health score of 53/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Equinox Gold Corp. (EQX) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.