Stock Analysis
Equinox Gold Corp.EQX
P/E 58.78×· 5Y range 1.40–102.29×· 73th percentile of history
Sector: Basic Materials · Industry: Gold
AnalystsStrong Buy6 analystsP/E 58.8× sits at the 73rd percentile of its 5.062286105407256-year history.
Cash covers 57% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Quality74
Risks
- Growth45
Mixed picture — no clear quality or value edge.
Bull Case
- ✓Revenue CAGR 13.8% — durable top-line growth
What's happening with EQX
Profile
moat, valuation and growth lag behind.
How is each axis scored?
- Valuation27/100 · Weak
- P/E vs own history (73th pct)5/25
- FCF yield (1.4%)5/25
- P/S (7.1x)12/25
- EV/EBIT (26.5x)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 (590.4%)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 (2.11)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
- Moat18/100 · Weak
- ROIC >12% years (0/5 yrs)0/25
- Median gross margin (34.5%)13/25
- FCF-positive years (2/5 yrs)5/25
- Worst-year net margin (worst -11.1%)0/25
Risk Flags
- ⚠Interest coverage 1.5× — thin debt cushion
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 ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
27EP/E (TTM)58.2xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 1.4x–102.3x · 73rd pct
P/FCF53.9xD
Grade D: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Heavy investment cycle — CapEx = 83% of operating cash flow, significantly depressing reported FCF
FCF Yield1.4%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -64.4%–3.2% · 69th pct · Heavy investment cycle — CapEx = 83% of operating cash flow, significantly depressing reported FCF
P/S (TTM)7.09xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 0.7x–12.8x · 92nd pct
EV/EBIT26.5xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 9.4x–246.6x · 39th pct
EV/Sales5.2xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E8.4xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio2.02xA
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
Heavy investment: Heavy investment cycle — CapEx = 83% of operating cash flow, significantly depressing reported FCF
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 · Heavy investment cycle — CapEx = 83% of operating cash flow, significantly depressing reported FCF
True FCF Margin9.9%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Heavy investment cycle — CapEx = 83% of operating cash flow, significantly depressing reported FCF
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 Growth590.4%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
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
Financial Health
53CAltman Z-Score2.11C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.33xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio0.72xC
Grade C: Ok(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 · Heavy investment cycle — CapEx = 83% of operating cash flow, significantly depressing reported 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
Quality
74B+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 · Heavy investment cycle — CapEx = 83% of operating cash flow, significantly depressing reported FCF
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 Turnover0.25xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
18EROIC >12% Years0/5 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)34.5%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years2/5 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-11.1%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$0.19
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.61
Cash & short-term investments per share (Finnhub)
Book Value / Share$8.07
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$12.89B
Current Market Capitalization
Beta1.32C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
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 Oct 16, 2026
Key Insights: Equinox Gold Corp. (EQX)
Piotroski F-Score of 6/9 indicates mixed fundamentals for Equinox Gold Corp.. Altman Z-Score of 2.11 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 58.2).
See how EQX ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all EQX moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 15 | Regular | 11.05 | +7.34% | 2.54 |
| Oct 15 | After-hours | 11.08 | +7.68% | 2.64 |
Frequently Asked Questions about EQX
What is the current Equinox Gold Corp. (EQX) stock price?
EQX is trading at $11.15 at the last market close, up 0.36% on the session. PreMarketPrice tracks EQX pre-market, intraday and after-hours prices.
Is EQX stock a buy right now?
PreMarketPrice's quantitative model rates Equinox Gold Corp.'s financial health at 53/100. 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 58.2 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 Basic Materials sector, within the Gold industry. 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 Basic Materials sector, specifically the Gold industry. As of the latest update, Equinox Gold Corp. is trading at $11.15, up 0.36% on the day with a market capitalization of $12.9 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 5 other basic materials 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.