Equinox Gold is undergoing a transformative inflection driven by the Greenstone mine ramp-up, with revenue surging 60.8% YoY in 2026Q2 and gross margins expanding from 4.7% in 2024Q1 to 50.9% in 2026Q1. The balance sheet has strengthened significantly, with de...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 60.8% YoY in 2026Q2, with gross margin expanding from 4.7% in 2024Q1 to 50.9% in 2026Q1, though it dipped to 39.2% in 2026Q2, indicating potential cost pressures.
Equinox Gold's addition to the FTSE All-World Index enhances its visibility and attractiveness to global investors.
A bull case scenario with gold prices above $2,300/oz could significantly benefit Equinox Gold's financial performance.
Faster-than-expected project ramp-up could drive higher production and cash flows for Equinox Gold.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 5, 2026 | $0.15-12.2% vs $0.17 | $770M-0.8% vs $776M |
Q2 2026 May 6, 2026 | $0.28-3.4% vs $0.29 | $862M-3.9% vs $897M |
Q1 2026 Feb 18, 2026 | $0.34+58.9% vs $0.21 | $988M+3.8% vs $951M |
Q4 2025 Nov 5, 2025 | $0.11+0.0% vs $0.11 | $819M+12.0% vs $732M |
VANCOUVER, British Columbia, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) announces that it has elected to exercise its right to redeem all of its outstanding $172.5 million aggregate principal amount of 4.75% Convertible Senior Notes due October 15, 2028 (the “Notes”) (CUSIP No.
Equinox Gold is a Strong Buy after the Orla acquisition, solidifying its position as a major North American gold producer. EQX expects organic production to nearly double over time, with guidance of 870,000–920,000 ounces and a robust development pipeline supporting future growth. Financials remain strong post-deal, supporting a favorable risk-reward profile alongside a 50% dividend boost.
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2026) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic")
Equinox remains a BUY, poised to become Canada's second-largest gold producer, with the Orla acquisition and three de-risked, long-life mines. Q2 results missed consensus but did not include Orla's assets; the market undervalues EQX's expanded production and reserve base. EQX's balance sheet has improved significantly, enabling simultaneous internal growth funding and a 50% dividend increase, supporting a multi-year free cash flow case.
Benchmark EQX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Equinox Gold Corp. (EQX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $12.07 | $9.53B | 33.53 | 22.12% | 12.19% | 4.91% | — | |
| $27.62 | $32.98B | 13.88 | 39.34% | 37.57% | 35.26% | — | |
| $19.89 | $11.5B | 17.15 | 77.75% | 31.46% | 27.73% | — | |
| $19.32 | $19.91B | 21.47 | 96.41% | 26.82% | 12.49% | — | |
| $9.08 | $7.19B | 64.86 | 59.66% | 58.55% | 64.78% | — | |
| $5.35 | $7.13B | 19.11 | 60.95% | 21.17% | 21.56% | — |
Equinox Gold Corp. (EQX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Equinox Gold Corp. (EQX) stock FAQ — growth, dividends, profitability & financials explained
Equinox Gold Corp. (EQX) reported $2.58B in revenue for fiscal year 2025.
Equinox Gold Corp. (EQX) grew revenue by 22.1% over the past year. This is strong growth.
Yes, Equinox Gold Corp. (EQX) is profitable, generating $817.7M in net income for fiscal year 2025 (12.2% net margin).
Equinox Gold Corp. (EQX) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.
Equinox Gold Corp. (EQX) generated $61.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
