Equinox Gold Corp. (EQX) is a publicly traded company in the Basic Materials — Gold industry listed on AMEX. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Equinox Gold Corp. is a mining enterprise that covers the entire spectrum of mineral property management, from acquisition and exploration to development and active operation. The company primarily targets gold and silver deposits in its exploration efforts. Its asset portfolio is geographically diverse, featuring several significant gold mines in Brazil, such as Aurizona in Maranhão State, RDM in Minas Gerais State, and both Fazenda and Santa Luz in Bahia State.
Is Equinox Gold Corp. stock overvalued or undervalued in 2026?
Equinox Gold Corp. (EQX) trades at 9.8× earnings (P/E), against a median of 18.8× across the 156 materials companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (9.8) does not tell whether it is cheap.
Kaplio overview: Equinox Gold Corp.
Market cap $12B · 52 weeks $9 – $19 (46 % below the high) · P/E 9.8× · 2027 expected P/E 7.3× · Dividend 0.51 % · Next earnings November 9, 2026 · expected EPS $0.17 · Closing price, Oct 29 · accounts published Aug 5.
- Valuation: P/E 9.8× (no verdict).
- Business: ROIC 6 % (weak).
- Balance sheet: Net debt/EBITDA 1.4× (solid).
- Earnings: 2 of 8 (disappointing).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (9.8) does not tell whether it is cheap.
In cyclicals the P/E misleads: today's earnings are not the normal ones.
What matters in materials: 4 of 7 pass
- FCF yield −0.1 %, fails.
- Gross margin 25.0 %, fails.
- Altman Z-Score 1.6, fails.
- Net debt / EBITDA (trough) 1.4×, passes.
- Capex / D&A 1.3×, passes.
- P/B across cycles 1.3×, passes.
- Cycle-adjusted EV/EBITDA 8.5×, passes.
Against its peers (reference peers) — Equinox Gold Corp.: P/E 9.8×; EV/EBITDA 8.5×; ROIC 6.2 %; $11.9B. Alamos Gold Inc. (P/E 10.4×; EV/EBITDA 7.1×; ROIC 14.3 %; $12.1B), Coeur Mining, Inc. (P/E 10.9×; EV/EBITDA 8.9×; ROIC 6.0 %; $14.0B), Harmony Gold Mining Company Limited (P/E 5.6×; EV/EBITDA 3.0×; ROIC 33.5 %; $9.9B).
Expensive or cheap against its last 6 years?
P/E at each close: today 9.8× · median 31.9× · minimum 9.8× · maximum 79.9× · cheap below 23.4× · expensive above 54.0×. It has been cheaper than today only 0% of the time over its last 6 years.
Dividend
solid · Yield 0.51 % · With $1,000 invested today you'd collect $5.10 a year ($0.42 a month).
Profitability
| Return on Equity | 13.71% |
| Return on Invested Capital | 6.16% |
| Return on Assets | 8.35% |
| Gross Margin | 39.13% |
| Operating Margin | 37.94% |
| Net Margin | 31.72% |
Financial Health
| Debt / Equity | 0.09 |
| Current Ratio | 1.33 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.63 |
Price Performance
| 1 month | -8.37% |
| 3 months | +13.74% |
| Year-to-date | -27.49% |
| 1 year | -7.54% |
| 3 years | +131.36% |
| 5 years | +37.01% |
Dividend History
Paid in the last 12 months: $0.0525 per share in 3 payments.
| Date | Amount |
|---|---|
| 2026-08-19 | $0.0225 |
| 2026-05-21 | $0.0150 |
| 2026-03-12 | $0.0150 |
Amounts adjusted for stock splits.
Related companies: AUGO · AEM · KGC · AGI · CDE · IAG · HMY · EGO
Explore sector: Basic Materials · Gold
More sections of EQX: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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