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Equinox Gold
(TSX:EQX)
Equinox Gold (EQX) vs. iShares MSCI Canada ETF (EWC)
Equinox Gold Business Overview & Revenue Model
Equinox Gold Earnings Call Summary
Equinox Gold Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.91B | 1.51B | 1.09B | 952.20M | 1.08B | 842.51M |
| Gross Profit | 588.96M | 523.95M | 108.98M | 84.97M | 215.32M | 223.62M |
| EBITDA | 606.51M | 948.08M | 291.09M | 183.52M | 338.01M | 232.51M |
| Net Income | 46.63M | 339.29M | 28.88M | -106.03M | 554.89M | 22.29M |
Balance Sheet | ||||||
| Total Assets | 10.02B | 6.71B | 4.35B | 3.86B | 3.97B | 2.67B |
| Cash, Cash Equivalents and Short-Term Investments | 430.49M | 245.47M | 284.66M | 237.64M | 546.03M | 344.93M |
| Total Debt | 1.78B | 1.41B | 945.37M | 842.10M | 567.63M | 555.19M |
| Total Liabilities | 4.73B | 3.32B | 1.91B | 1.50B | 1.38B | 1.22B |
| Stockholders Equity | 5.29B | 3.40B | 2.44B | 2.35B | 2.59B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | 166.04M | -39.89M | -164.84M | -500.60M | -23.45M | 43.61M |
| Operating Cash Flow | 574.69M | 372.18M | 358.46M | 56.47M | 320.78M | 216.51M |
| Investing Cash Flow | -294.10M | -1.11B | -462.67M | -419.00M | -347.57M | -129.32M |
| Financing Cash Flow | -41.96M | 792.48M | 92.50M | 254.31M | -1.59M | 190.08M |
Equinox Gold Technical Analysis
Equinox Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $9.57B | 11.17 | -0.54% | ― | 79.45% | -109.97% | |
62 Neutral | $10.27B | 6.37 | 0.76% | 2.91% | 3.10% | -36.03% | |
| ― | $4.89B | 33.53 | 14.11% | ― | ― | ― | |
| ― | $4.35B | 11.76 | 19.95% | 0.48% | ― | ― | |
73 Outperform | C$2.85B | 12.15 | 39.89% | ― | 81.12% | 514.82% | |
69 Neutral | ― | ― | 20.03% | -46.48% | |||
| ― | $3.18B | 14.62 | 12.84% | ― | ― | ― |
Equinox Gold Corporate Events
Equinox Gold reported strong financial and operational results for the second quarter of 2025, highlighted by increased mining and processing rates at its Greenstone project. The company is poised for significant growth in the third quarter with the integration of Calibre assets, the ramp-up of the Canadian Greenstone Gold Mine, and the startup of the Valentine Gold Mine. This strategic expansion is expected to enhance production and cash flow, positioning Equinox Gold as a leading player in the gold mining industry.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold’s Castle Mountain Mine Phase Two Project in California has been accepted into the U.S. FAST-41 permitting program, which aims to streamline environmental reviews and improve regulatory certainty. This acceptance is expected to facilitate a more efficient permitting process, potentially reducing timelines and allowing for a timely construction decision. The project is anticipated to produce approximately 200,000 ounces of gold annually over a 14-year mine life, reinforcing Equinox Gold’s strategy of developing long-life, low-cost mines in top-tier jurisdictions.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold has announced the sale of its non-core Nevada Assets, including the Pan Mine, Gold Rock Project, and Illipah Project, to Minera Alamos Inc. for US$115 million. This strategic divestment aligns with Equinox Gold’s commitment to optimizing its portfolio and focusing on core operations, which is expected to enhance shareholder returns and strengthen the company’s balance sheet. The transaction, anticipated to close in the fourth quarter of 2025, will provide Equinox Gold with significant cash proceeds and equity exposure to Minera Alamos’ portfolio.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold Corp. is set to release its unaudited financial and operating results for the second quarter of 2025 on August 13, 2025. This announcement is significant as it provides stakeholders with insights into the company’s recent performance, which could impact investor perceptions and market positioning.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold has announced promising high-grade drill results from its El Limon Mine Complex in Nicaragua, indicating potential for significant resource expansion. The results highlight the extension of gold mineralization in several areas, enhancing the long-term value of the company’s assets and supporting its strategy to prioritize resource expansion and discovery drilling.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold has announced a leadership transition with Darren Hall taking over as CEO from Greg Smith. Hall brings extensive mining experience and a track record of operational excellence, aiming to optimize Equinox Gold’s expanded portfolio and enhance its position as a top-tier global gold producer. The transition marks a strategic shift from growth through acquisitions to disciplined execution and operational excellence, with a focus on key assets like Greenstone and Valentine.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold has published its 2024 Sustainability Report, highlighting significant progress in environmental, social, and governance (ESG) areas. The company improved its environmental performance by 31%, achieved zero tailings or heap leach-related incidents, and invested heavily in social initiatives, including healthcare and education. Equinox Gold also maintained a strong safety record with zero lost-time injuries at key sites and tied executive compensation to ESG metrics, demonstrating its commitment to responsible mining and stakeholder engagement.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold reported a strong second quarter of 2025 with a gold production of 219,122 ounces, marking a significant milestone following its merger with Calibre Mining. The company is optimistic about the second half of the year, expecting increased production from its Greenstone and Valentine mines, which are on track to enhance long-term value and market positioning. The integration of new assets and personnel is progressing well, and the company is focused on operational excellence and meeting production expectations.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold Corp. has completed its acquisition of Calibre Mining Corp., forming a diversified gold producer with operations across the Americas, anchored by two major Canadian mines. This merger enhances Equinox Gold’s position as the second largest gold producer in Canada, providing a robust platform for increased production and long-term value creation, backed by a strong leadership team.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold has updated its 2025 production and cost guidance following its business combination with Calibre Mining Corp. and slower-than-expected ramp-up at its Greenstone Gold Mine in Ontario. The company anticipates producing 785,000 to 915,000 ounces of gold in 2025, with total cash costs ranging from $1,400 to $1,500 per ounce and all-in sustaining costs between $1,800 and $1,900 per ounce. The integration with Calibre and operational challenges at Greenstone are key focuses, with efforts underway to improve mining rates and access higher-grade ore zones. The company is also progressing well with its Valentine project in Newfoundland, expecting first gold by the end of Q3 2025.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.