Equinox Gold Corp. (EQX) Stock Analysis

Company Overview

Equinox Gold Corp. (EQX) is capitalised at $14.96B on the latest close. The company sits in the Basic Materials sector, in the Gold industry.

The most recent close on file for EQX is $12.81, dated September 4, 2026. That is −$0.31 (−2.36%) against the previous close. Over the past 52 weeks the price has ranged from $8.49 to $18.96. The latest close sits 50.97% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $1.82B. Against the prior fiscal year total of $912.84M, that is a change of +99.07%. The same year closed with net income of $221.47M. That is −34.72% against the prior fiscal year. Profit margin runs at 28.09%. That is 15.1 percentage points above the Gold median of 13.01%. Trailing earnings per share are 0.63.

Across the 4 fiscal years on file, revenue moves from $952.20M in 2022 to $1.82B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 20.33. That is 42.57% above the Gold median of 14.26. On forward earnings the ratio is 8.46. Measured against sales, the shares trade at 5.16 times revenue. On price-to-sales that is 1.45% below the Gold median of 5.24. 96 Gold companies report these metrics, and the medians quoted come from that group.

The trailing one-year price return is +43.12%. Across 5 years the annualized return works out at +11.17%. The reported beta is 2.49. Daily returns over the trailing 7 years annualize to a volatility of 56.58%.

Growth & Income

The trailing dividend yield is 0.4%. That is 0.5 percentage points below the Gold median yield of 0.9%. At the indicated rate that is $0.05 a share a year. The ex-dividend date on file is August 19, 2026.

2026 is still running; the price is −8.56% year to date. Across the complete calendar years on file, 2025 returned +179.68% and 2022 returned −51.48%. Of the 7 complete calendar years on file, 5 finished higher.