Equinox Gold stock
EQXAMEXEquinox Gold Corp., Basic MaterialsISIN CA29446Y5020
46Score 46 out of 100, Weak
Price and trend
43 / 100
Price history
−21% in one yearThe chart shows daily closes over 8 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 18% below it.
Since June 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 52).
The price is 45% below its 52-week high. Largest decline in 8 years: 81% (August 2020 to November 2022).
Chart figures for advanced users
- SMA 50$11.32
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$12.55
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)52
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$8.62
- The lowest closing price of the last twelve months.
- Resistance$18.76
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Equinox Gold Corp. belongs to the Gold industry (Canada) and, with a market value of $12.07B, is number 17 of 52 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.85B (up 22.1% year on year) and earnings of $225.35M (down 33.6%).
- MEQIRI Score 46 out of 100 (Weak): rank 353 of 461 in Basic Materials, median 57.
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- The P/E is 25.8 (Gold median 12, own median of recent years 39).
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Analysts expect strong earnings growthUp 26.7% a year through 2028 (estimates from 5 analysts).Growth 73
- More cash than debtCash $575.86M, financial debt $510.47M.
Weaknesses
- DilutionShare count up 197% since 2020.Capital allocation 31
- Margin may fall backOperating margin 23.8%, average of the prior years 13.5%, which ranged from 1.1% to 20.5%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.Profitability 47
- Interest barely coveredOperating profit covers interest only 1.7 times.Stability 47
Its standout strength is growth, while capital allocation and momentum hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- weak fundamentals
- high price swings
- price far below its 52-week high
Valuation
Valuation signal
Fairly valuedNo fair value can be calculated for this stock, so the signal follows the valuation grade.
Valuation metrics
No fair value can be calculated for this stock from the available figures.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the quarter to 30 Sep 2026, revenue rose 27.1% on the same quarter a year earlier. Revenue turned from negative at the start of the period to positive ($1.85B in the latest year).
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 25%, operating 24%, net not measured.
Debt & balance sheet
latest quarterDebt is low, but interest coverage is weak. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 17 Feb 2027in 96 days
- Last reported
- 9 Nov 2026EPS reported $0.19 (expected $0.17)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $1.03−2.8%
- Revenue
- $4.03B+1.0%
- Earnings per share
- $1.39−2.8%
- Revenue
- $5.37B+1.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +12.2%Updated guidance including the acquisition: production of 870,000 to 920,000 ounces and more confidence in hitting full-year targets; no clear comparison with the old guidance.
“For 2026, we now expect consolidated production of between 870,000 ounces and 920,000 ounces.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 6 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Equinox Gold
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
461 rated companies in Basic Materials
- This company
- 46
- Sector median
- 57
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Gold
The next larger and next smaller companies by market value
- Lundin GoldLUG.TO $15.91B72
- Pan American SilverPAAS $15.61B68
- Coeur MiningCDE $14.79B57
- Zhongjin Gold Corp.,Ltd600489.SS $14.31B64
- Alamos GoldAGI $12.03B66
- Chifeng Jilong Gold Mining600988.SS $10.19B72
- IamgoldIAG $9.79B75
- Harmony Gold MiningHMY $9.68B67
ETFs that hold Equinox Gold
Held by 53 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| VanEck Junior Gold Miners UCITS ETFG2XJ | 6.47% | 0.55% | €1.06B |
| UBS Solactive Global Pure Gold Miners UCITS ETF USD disUBUD | 4.45% | 0.43% | €473.31M |
| L&G Gold Mining UCITS ETFETLX | 2.58% | 0.55% | €762.65M |
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| VanEck Gold Miners UCITS ETFG2X | 1.90% | 0.53% | €3.9B |
| iShares Gold Producers UCITS ETF USD (Acc)IS0E | 1.62% | 0.55% | €3.8B |
| VanEck S&P Global Mining UCITS ETF A USDWMIN | 0.70% | 0.50% | €1.97B |
| Xtrackers MSCI Canada Screened UCITS ETF 1CD5BH | 0.49% | 0.35% | €1.2B |
| Xtrackers MSCI World Materials UCITS ETF 1CXDWM | 0.43% | 0.25% | €720.77M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak since 11 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.