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EQX 
Equinox Gold Corp (EQX)
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Upturn Advisory Summary
11/28/2025: EQX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
7 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $8.63
1 Year Target Price $8.63
| 2 | Strong Buy |
| 1 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -38.65% | Avg. Invested days 20 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/28/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 10.89B USD | Price to earnings Ratio 138.8 | 1Y Target Price 8.63 |
Price to earnings Ratio 138.8 | 1Y Target Price 8.63 | ||
Volume (30-day avg) 7 | Beta 1.99 | 52 Weeks Range 4.95 - 13.94 | Updated Date 11/29/2025 |
52 Weeks Range 4.95 - 13.94 | Updated Date 11/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.1 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date 2025-11-05 | When After Market | Estimate 0.12 | Actual 0.19 |
Profitability
Profit Margin 2.71% | Operating Margin (TTM) 25.05% |
Management Effectiveness
Return on Assets (TTM) 3.41% | Return on Equity (TTM) 1.41% |
Valuation
Trailing PE 138.8 | Forward PE 10.04 | Enterprise Value 12166501022 | Price to Sales(TTM) 4.74 |
Enterprise Value 12166501022 | Price to Sales(TTM) 4.74 | ||
Enterprise Value to Revenue 5.3 | Enterprise Value to EBITDA 15.29 | Shares Outstanding 784776377 | Shares Floating 750285455 |
Shares Outstanding 784776377 | Shares Floating 750285455 | ||
Percent Insiders 4.24 | Percent Institutions 60.82 |
Upturn AI SWOT
Equinox Gold Corp
Company Overview
History and Background
Equinox Gold Corp. was formed through the merger of Trek Mining Inc. and NewCastle Gold Ltd. in 2017, and later acquired Premier Gold Mines' Mercedes mine in 2018. It's focused on gold production and development projects in the Americas.
Core Business Areas
- Gold Production: Equinox Gold Corp. primary business involves the extraction, processing, and production of gold from its mining operations. Activities include exploration, development, open pit and underground mining, and ore processing to produce gold bars or doru00e9.
Leadership and Structure
Ross Beaty is the Chairman. Greg Smith is the CEO. The organizational structure consists of executive management overseeing various operational and financial departments.
Top Products and Market Share
Key Offerings
- Gold Production: Equinox Gold sells gold produced from its mines. Market share is fragmented with many other gold mining companies. Competitors include Newmont (NEM), Barrick Gold (GOLD), and Agnico Eagle Mines (AEM). Revenue is directly tied to the amount of gold produced and market gold prices.
Market Dynamics
Industry Overview
The gold mining industry is influenced by global economic conditions, interest rates, inflation, and geopolitical events. Demand for gold comes from jewelry, industrial uses, and investment.
Positioning
Equinox Gold is a mid-tier gold producer operating primarily in the Americas. Competitive advantages include diversified asset base and growth through acquisitions and development projects.
Total Addressable Market (TAM)
The global gold market is estimated to be several hundred billion dollars. Equinox Gold's TAM relates to its ability to increase production and market share in this large market.
Upturn SWOT Analysis
Strengths
- Diversified asset portfolio across the Americas
- Experienced management team
- Proven track record of mine development and operations
- Potential for organic growth through existing projects
Weaknesses
- Relatively high debt levels
- Operational challenges at certain mines
- Sensitivity to gold price fluctuations
- Geopolitical risks associated with operating in certain regions
Opportunities
- Further acquisitions of strategic assets
- Exploration success leading to increased reserves
- Optimization of existing operations to reduce costs
- Favorable gold price environment
Threats
- Declining gold prices
- Rising production costs
- Environmental regulations and community relations issues
- Political instability in operating regions
Competitors and Market Share
Key Competitors
- NEM
- GOLD
- AEM
Competitive Landscape
Equinox Gold competes with larger, more established gold miners. Its competitive advantage lies in its growth potential and strategic asset base, but it faces challenges in terms of scale and financial resources.
Major Acquisitions
Premier Gold Mines' Mercedes mine
- Year: 2018
- Acquisition Price (USD millions):
- Strategic Rationale: Expanded Equinox Gold's production profile and provided access to a producing mine in Mexico.
Growth Trajectory and Initiatives
Historical Growth: Equinox Gold has grown significantly through acquisitions and development projects.
Future Projections: Future growth is expected to come from expanding existing operations and potentially acquiring new assets. Requires analyst reports for detailed projections.
Recent Initiatives: Recent initiatives include ongoing development of the Greenstone project and optimization efforts at existing mines.
Summary
Equinox Gold is a mid-tier gold producer with significant growth potential through its diversified asset base and ongoing development projects. The company faces challenges related to debt levels, operational risks, and gold price volatility. Its ability to successfully develop its projects and manage costs will be crucial for future success. Geopolitical risks are also a factor, as well as competition in the industry.
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Sources and Disclaimers
Data Sources:
- Company website
- Press releases
- Financial reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Equinox Gold Corp
Exchange NYSE MKT | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2018-08-03 | CEO & Director Mr. Darren Hall | ||
Sector Basic Materials | Industry Gold | Full time employees - | Website https://www.equinoxgold.com |
Full time employees - | Website https://www.equinoxgold.com | ||
Equinox Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in the Americas. The company primarily explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada. The company was formerly known as Trek Mining Inc. and changed its name to Equinox Gold Corp. in December 2017. Equinox Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
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