EQX trades 7.7% below Wall Street's consensus target of $13.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes EQX achieves its forward estimates and maintains a stable P/E multiple of 10.6x. This scenario reflects the blended consensus of 1 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Equinox Gold Corp. (EQX) has a Wall Street consensus price target of $13.00, based on estimates from 1 covering analysts. With the stock currently trading at $12.07, this represents a potential upside of +7.7%. The company has a market capitalization of $9.53B.
Analyst price targets range from a low of $13.00 to a high of $13.00, representing a 0% spread in expectations. The median target of $13.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 1 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, EQX trades at a trailing P/E of 33.5x and forward P/E of 10.6x. The forward PEG ratio of 0.36 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +15.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $20.82, with bear and bull scenarios of $13.11 and $27.43 respectively. Model confidence stands at 45/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 KGCKinross Gold Corporation | $33.0B | $27.62 | $37.00 | +34.0% | Buy | 9.9x | 29 |
 IAGIamgold Corporation | $11.5B | $19.89 | $22.00 | +10.6% | Buy | 9.4x | 30 |
 CDECoeur Mining, Inc. | $19.9B | $19.32 | $21.50 | +11.3% | Buy | 17.8x | 21 |
 NGDNew Gold Inc. | $7.2B | $9.08 | $8.91 | -1.9% | Buy | 6.6x | 18 |
 BTGB2Gold Corp. | $7.1B | $5.35 | $6.17 | +15.3% | Buy | 9.2x | 9 |
 EGOEldorado Gold Corporation | $9.1B | $42.84 | $44.67 | +4.3% | Hold | 12.8x | 24 |
 NEMNewmont Corporation | $130.2B | $123.55 | $136.83 | +10.7% | Buy | 13.1x | 37 |
 AEMAgnico Eagle Mines Limited | $99.0B | $195.57 | $218.83 | +11.9% | Buy | 16.4x | 31 |
 GFIGold Fields Limited | $36.5B | $40.82 | $52.75 | +29.2% | Hold | 8.6x | 18 |
 AUAngloGold Ashanti plc | $49.9B | $98.74 | $98.50 | -0.2% | Buy | 11.0x | 14 |
Quick answers to the most common questions about buying EQX stock.
The consensus price target for EQX is $13, close to the current price of $12.07 (7.7% implied move). Based on 1 analyst estimates, the stock appears fairly valued near current levels.
EQX has a consensus rating of "Buy" based on 1 Wall Street analysts. The rating breakdown is predominantly bullish, with 1 Buy/Strong Buy ratings. The consensus 12-month price target of $13 implies 7.7% upside from current levels.
With a forward P/E of 10.597x, EQX trades at a relatively low valuation. The consensus target of $13 implies 7.7% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $13 for EQX, while the most conservative target is $13. The consensus of $13 represents the median expectation. Our quantitative valuation model projects a bull case target of $27 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
EQX is lightly followed, with 1 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month EQX stock forecast based on 1 Wall Street analysts shows a consensus price target of $13, with estimates ranging from $13 (bear case) to $13 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $21, with bear/bull scenarios of $13/$27.
Our quantitative valuation model calculates EQX's fair value at $21 (base case), with a bear case of $13 and bull case of $27. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 45/100.
EQX trades at a forward P/E ratio of 10.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 33.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
EQX appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $13 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
EQX analyst price targets range from $13 to $13, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $13 consensus represents the middle ground. Our model's $13-$27 range provides an independent fundamental perspective.
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