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Equinox Resources Limited (AU:EQN)
:EQN
Australian Market
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Equinox Resources Limited (EQN) AI Stock Analysis

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AU:EQN

Equinox Resources Limited

(Sydney:EQN)

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Neutral 49 (OpenAI - 4o)
Rating:49Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
Equinox Resources Limited's overall stock score is primarily impacted by its financial performance, which is challenged by declining revenues and profitability issues. Technical analysis provides some support with short-term bullish indicators, but the negative P/E ratio and lack of dividend yield weigh down the valuation.

Equinox Resources Limited (EQN) vs. iShares MSCI Australia ETF (EWA)

Equinox Resources Limited Business Overview & Revenue Model

Company DescriptionEquinox Resources Limited engages in the exploration, appraising, and development of mineral projects in Australia. It holds a 100% interest in the Hamersley iron ore project covering an area of 10.4 square kilometers located to the north-east of Tom Price in the Pilbara region of Western Australia. The company was incorporated in 2021 and is based in Perth, Australia.
How the Company Makes MoneyEquinox Resources Limited generates revenue through the sale of extracted minerals, including gold, copper, and other base metals. The company's revenue model is primarily based on the market prices of these commodities, which can fluctuate based on global demand and supply dynamics. Key revenue streams include long-term supply contracts with industrial clients, spot market sales, and strategic partnerships with other mining companies for joint exploration and production ventures. Additionally, Equinox Resources may engage in hedging activities to manage commodity price risks and ensure stable revenue flows. The company's earnings are significantly influenced by its ability to efficiently manage production costs, optimize resource extraction processes, and maintain compliance with environmental and regulatory standards.

Equinox Resources Limited Financial Statement Overview

Summary
Equinox Resources Limited shows revenue growth but faces profitability challenges with consistent net losses. The balance sheet indicates financial stability with low leverage, yet negative cash flow raises liquidity concerns. Improvement in operational efficiency and cash flow management is needed.
Income Statement
20
Very Negative
Equinox Resources Limited shows a significant increase in total revenue from 2023 to 2024, indicating growth potential. However, the company has been operating at a loss, with negative EBIT and net income, which raises concerns about profitability. The gross profit margin is positive, but the net profit margin remains negative, highlighting operational inefficiencies.
Balance Sheet
35
Negative
The company maintains a strong equity position with a high equity ratio, suggesting financial stability. The debt-to-equity ratio is low, indicating low leverage and reduced financial risk. However, the return on equity is negative due to the net losses, which is a concern for investors looking for returns.
Cash Flow
25
Negative
Equinox Resources Limited has a negative free cash flow, indicating cash outflows exceed inflows, which could be a concern for liquidity. The operating cash flow to net income ratio is negative, reflecting cash flow challenges. However, the company has managed to raise financing, which supports its cash position.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue45.55K45.55K18.71K2.06K0.000.00
Gross Profit8.55K8.55K1.75K2.06K-28.81K0.00
EBITDA-1.98M-1.98M-1.68M-1.16M-2.85M0.00
Net Income-3.16M-3.16M-1.75M-1.22M-3.04M0.00
Balance Sheet
Total Assets18.93M18.93M19.33M15.90M16.81M0.00
Cash, Cash Equivalents and Short-Term Investments1.84M1.84M5.26M4.27M6.11M0.00
Total Debt20.16K20.16K73.13K126.38K62.49K0.00
Total Liabilities161.37K161.37K454.08K479.52K182.14K0.00
Stockholders Equity18.76M18.76M18.88M15.42M16.63M0.00
Cash Flow
Free Cash Flow-6.00M-6.00M-4.22M-1.79M-1.99M0.00
Operating Cash Flow-2.00M-2.00M-1.62M-1.08M-1.39M0.00
Investing Cash Flow-4.00M-4.00M-2.60M-713.29K-596.86K0.00
Financing Cash Flow2.59M2.59M5.22M-48.01K8.09M0.00

Equinox Resources Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.09
Price Trends
50DMA
0.09
Positive
100DMA
0.08
Positive
200DMA
0.09
Negative
Market Momentum
MACD
<0.01
Positive
RSI
48.93
Neutral
STOCH
10.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EQN, the sentiment is Neutral. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.93 is Neutral, neither overbought nor oversold. The STOCH value of 10.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:EQN.

Equinox Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$10.43B7.12-0.05%2.87%2.86%-36.73%
AU$14.47M-16.77%-42.20%
AU$37.21M4.4219.09%
AU$39.11M7.703.77%
AU$34.56M-92.18%66.67%
AU$26.95M-32.09%-141.04%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EQN
Equinox Resources Limited
0.09
-0.05
-35.71%
AU:IRD
Iron Road Ltd
0.05
-0.02
-26.56%
AU:GWR
GWR Group Limited
0.10
0.01
11.11%
AU:M4M
Kogi Iron Ltd.
0.01
0.00
0.00%
AU:TI1
Tombador Iron Ltd.
0.35
0.00
0.00%
AU:EQX
Equatorial Resources Limited
0.22
0.10
83.33%

Equinox Resources Limited Corporate Events

Equinox Resources Unveils High-Grade Rare Earth Discoveries at Campo Grande Project
Oct 21, 2025

Equinox Resources Limited has announced significant findings from its Campo Grande Project, highlighting high-grade rare earth element (REE) discoveries in both the Central and Northern Blocks. The recent surface sampling and drilling results have confirmed a near-surface REE system, with notable grades up to 17,346 ppm TREO. This discovery positions Equinox strategically within a region known for its rich rare-earth corridor, potentially enhancing its market position and offering promising prospects for stakeholders.

Equinox Resources Announces 2025 Annual General Meeting
Oct 21, 2025

Equinox Resources Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on November 27, 2025, in Perth, Western Australia. The company is encouraging shareholders to engage in the meeting by submitting proxy votes and questions in advance, as well as updating their communication preferences to receive electronic notices. This approach reflects a shift towards digital communication, potentially enhancing shareholder engagement and operational efficiency.

Equinox Resources Updates on Hamersley Iron Ore Project Legal Proceedings
Oct 19, 2025

Equinox Resources Limited has provided an update on the judicial review proceedings concerning the Hamersley Iron Ore Project. The court has extended the deadline for filing additional information regarding the uncertainty of mapping and boundary data related to Aboriginal sites on the mining tenement. This extension allows Equinox more time to gather necessary data from the Department of Planning, Lands and Heritage, potentially impacting the project’s timeline and stakeholder expectations. The final hearing is expected to occur before the end of the year.

Equinox Resources Schedules Annual General Meeting for Director Elections
Oct 6, 2025

Equinox Resources Limited has announced that its Annual General Meeting will take place on 27 November 2025, where the re-election and appointment of directors will be a key agenda item. This meeting is significant for stakeholders as it will determine the leadership structure of the company, potentially impacting its strategic direction and operational decisions.

Equinox Resources Announces Leadership Transition and Strategic Focus
Oct 6, 2025

Equinox Resources Limited announced a leadership transition with CEO Zac Komur stepping down to become a Non-Executive Director. The company remains committed to its current projects and strategic growth initiatives, including the development of its Hamersley iron ore asset and exploring new opportunities in Brazil. The search for a new CEO is underway to lead the company into its next phase of growth.

Equinox Resources Director Adjusts Equity Stake
Oct 3, 2025

Equinox Resources Limited has announced a change in the interest of its director, Zekai (Zac) Komur. On October 3, 2025, Komur converted 200,000 performance rights into ordinary shares, increasing his total holdings to 650,000 ordinary shares. This conversion reflects a strategic adjustment in the director’s equity stake, potentially signaling confidence in the company’s future performance.

Equinox Resources Issues New Shares in Regulatory Compliance Move
Oct 3, 2025

Equinox Resources Limited announced the issuance of 200,000 fully paid ordinary shares following the conversion of rights, in compliance with the Corporations Act 2001. This move reflects the company’s adherence to regulatory requirements and its commitment to maintaining transparency with stakeholders, potentially impacting its financial structure and market positioning.

Equinox Resources Limited Issues New Securities to Boost Market Presence
Oct 3, 2025

Equinox Resources Limited has announced the issuance of 200,000 fully paid ordinary securities, which will be quoted on the ASX under the code EQN. This move is part of the company’s strategy to enhance its market presence and potentially improve its financial flexibility, impacting its operational capabilities and positioning within the industry.

Equinox Resources’ Judicial Review for Hamersley Project Adjourned
Sep 30, 2025

Equinox Resources Limited has announced an update regarding the judicial review proceedings for the Hamersley Iron Ore Project. The Supreme Court has adjourned the hearing to 17 October 2025 to allow for the submission of additional evidence concerning the mapping information and boundary data used in the Committee’s decision. This adjournment could impact the project’s timeline and stakeholder expectations, as the company seeks to clarify the boundaries and ensure compliance with regulatory requirements.

Equinox Resources Affirms Commitment to Corporate Governance Standards
Sep 24, 2025

Equinox Resources Limited has released its corporate governance statement for the financial year ending June 30, 2025, confirming its compliance with the ASX Corporate Governance Council’s principles. The statement, approved by the board, outlines the company’s adherence to governance recommendations, including board and management roles, director appointment checks, and accountability structures. This release underscores Equinox’s dedication to robust governance practices, potentially enhancing its reputation and trust among stakeholders.

Equinox Resources Limited Releases Financial Statements
Sep 24, 2025

Equinox Resources Limited has released its financial statements, including comprehensive income, financial position, changes in equity, and cash flows. The release provides insights into the company’s governance and financial health, which are crucial for stakeholders to assess its operational and strategic positioning in the market.

Equinox Resources Divests Alturas Project to Focus on Core Assets
Sep 18, 2025

Equinox Resources Limited has signed a binding agreement to divest its Alturas Antimony Project in British Columbia to Maxus Mining Inc. for a total consideration of C$700,000, comprising cash and shares. This divestment allows Equinox to streamline its portfolio and concentrate on its core projects, particularly the Hamersley Iron Ore Project in Western Australia, while also evaluating its Brazilian projects for further development opportunities.

Equinox Resources Engages Independent Heritage Assessment for Hamersley Project
Aug 19, 2025

Equinox Resources Limited has engaged Judih Judih Pty Ltd to conduct an independent heritage assessment at its Hamersley Iron Ore Project, following concerns about newly identified ethnographic sites. The company is pursuing a judicial review of the decision to register these sites, which has impacted its planned drilling program. Equinox remains committed to complying with heritage legislation and engaging with Traditional Owners, while seeking to advance its project.

Equinox Resources Advances Key Projects with Strategic Capital Raise
Jul 30, 2025

Equinox Resources Limited has successfully raised A$3 million to advance its key projects, including the Mata da Corda Titanium Project, where high-grade titanium mineralization has been confirmed, and the Alturas Antimony Project, which has received authorization for extensive exploration activities. The company is also navigating legal challenges related to the Hamersley Iron Ore Project, with significant implications for its operations depending on the outcomes of judicial reviews and tribunal decisions.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 24, 2025