-0.67%
23.34%
15.97%
15.23%
50.34%
22.50%
-19.91%
AI Spotlight on EQX
Company Description
Equinox Gold Corp.engages in the operation, acquisition, exploration, and development of mineral properties.The company primarily explores for gold and silver deposits.
Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.The company also hold interests in the Mesquite gold mine and the Castle Mountain property situated in California, the United States; and the Los Filos Gold Mine located in Guerrero State, Mexico.In addition, it holds a 60% interest in the Greenstone project located in 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.
Market Data
| Last Price | 8.93 |
| Change Percentage | -0.67% |
| Open | 9.03 |
| Previous Close | 8.99 |
| Market Cap ( Millions) | 4067 |
| Volume | 75769 |
| Year High | 9.16 |
| Year Low | 5.36 |
| M A 50 | 8.0 |
| M A 200 | 7.73 |
Financial Ratios
| FCF Yield | -7.91% |
| Dividend Yield | 0.00% |
| ROE | 8.68% |
| Debt / Equity | 45.65% |
| Net Debt / EBIDTA | 456.29% |
| Price To Book | 0.81 |
| Price Earnings Ratio | 10.74 |
| Price To FCF | -12.65 |
| Price To sales | 2.25 |
| EV / EBITDA | 14.28 |
News
- Jan -30 - Bear of the Day: Equinox Gold (EQX)
- Jan -11 - Institutional investors control 49% of Equinox Gold Corp. (TSE:EQX) and were rewarded last week after stock increased 17%
- Jan -08 - Equinox Gold Reports Record Quarterly and Annual Gold Production: Produced 213,960 Ounces of Gold in Q4 2024 and 621,870 Ounces of Gold for Full-Year 2024
- Jan -07 - Equinox Gold Extends Fazenda Mine Life by Seven Years with Updated Mineral Reserve and Mineral Resource Estimate
- Jan -02 - Implied Volatility Surging for Equinox Gold (EQX) Stock Options
- Dec -23 - Will gold prices rise in 2025 and how can you invest?
- Dec -14 - SoulCycle CEO's top tip for those seeking a career pivot
- Dec -12 - Is Equinox Gold Corp.'s (TSE:EQX) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
- Dec -11 - How SoulCycle is meeting consumers' evolving idea of wellness: CEO
- Nov -14 - Shareholders Shouldn’t Be Too Comfortable With Equinox Gold's (TSE:EQX) Strong Earnings
- Nov -14 - Equinox Gold’s Greenstone Mine Achieves Production Milestone
- Nov -09 - Equinox Gold Corp. (TSE:EQX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
- Nov -08 - Equinox Gold Third Quarter 2024 Earnings: EPS: US$0.001 (vs US$0.007 in 3Q 2023)
- Nov -08 - Equinox Gold Corp (EQX) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Advances ...
- Nov -07 - Equinox Gold Reports Third Quarter 2024 Financial and Operating Results
- Nov -07 - Equinox Gold's Greenstone Mine Announces Commercial Production
- Oct -18 - Equinox Gold Boosts Production at Greenstone Mine
- Oct -16 - Equinox Gold Provides Operations Update on Greenstone Gold Mine
- Oct -10 - Equinox Gold Announces Change to Board of Directors
- Oct -09 - Equinox Gold Corp (EQX) Q2 2024 Earnings Call Highlights: Strong Revenue Amid Operational Challenges
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Los Filos
Expected Growth : 12 %
What the company do ?
Los Filos is an open-pit gold mine in Guerrero, Mexico, operated by Equinox Gold Corp., producing over 180,000 ounces of gold annually.
Why we expect these perspectives ?
Los Filos' 12% growth is driven by increased gold production, improved ore grades, and enhanced processing recoveries. Additionally, Equinox Gold Corp.'s strategic investments in mine optimization, exploration, and cost reduction initiatives have contributed to the mine's expansion.
Segment n°2 -> Aurizona
Expected Growth : 10 %
What the company do ?
Aurizona is an open-pit gold mine in Brazil, owned by Equinox Gold Corp., producing approximately 136,000 ounces of gold per year.
Why we expect these perspectives ?
Aurizona's 10% growth is driven by increasing gold production, improved operating efficiencies, and higher gold prices. The mine's expansion and optimization projects, combined with Equinox Gold Corp.'s strong management and exploration efforts, are expected to sustain production growth. Additionally, the company's cost-saving initiatives and favorable currency exchange rates contribute to the segment's growth.
Segment n°3 -> Mesquite
Expected Growth : 11 %
What the company do ?
Mesquite is a gold mine in California, USA, owned and operated by Equinox Gold Corp., producing over 120,000 ounces of gold annually.
Why we expect these perspectives ?
Mesquite's 11% growth is driven by increased gold production, improved ore grades, and enhanced operational efficiencies. Additionally, Equinox Gold Corp.'s strategic investments in exploration and development have expanded the mine's resource base, supporting future growth. Favorable gold prices and a strong balance sheet have also contributed to the segment's growth.
Segment n°4 -> Fazenda
Expected Growth : 13 %
What the company do ?
Fazenda is a gold mine in Brazil, owned by Equinox Gold Corp., producing approximately 75,000 oz of gold per year, with a mine life of 7 years.
Why we expect these perspectives ?
Fazenda's 13% growth is driven by increasing gold prices, improved operational efficiency, and successful exploration efforts. The mine's high-grade ore and low cash costs also contribute to its strong performance. Additionally, Equinox Gold Corp.'s focus on cost reduction and debt repayment has improved the mine's profitability.
Segment n°5 -> Santa Luz
Expected Growth : 14 %
What the company do ?
Santa Luz is a gold mine in Brazil, acquired by Equinox Gold Corp. in 2020, with a large mineral reserve and significant exploration potential.
Why we expect these perspectives ?
Santa Luz from Equinox Gold Corp. growth driven by 14% increase in gold production, fueled by optimized mine planning, improved ore grade, and enhanced processing recoveries, coupled with declining cash costs and all-in sustaining costs, resulting in increased profitability and free cash flow generation.
Segment n°6 -> RDM
Expected Growth : 12 %
What the company do ?
RDM, from Equinox Gold Corp., is a gold mine in Brazil, with a large mineral reserve and significant production capacity.
Why we expect these perspectives ?
RDM's 12% growth is driven by increasing gold prices, successful mine expansion, and improved operational efficiency. Equinox Gold Corp.'s strategic acquisitions and exploration efforts have also contributed to the growth. Additionally, the company's focus on cost reduction and debt repayment has enhanced its financial flexibility, enabling investments in growth initiatives.
Segment n°7 -> Castle Mountain
Expected Growth : 11 %
What the company do ?
Castle Mountain is a gold mine in California, USA, owned by Equinox Gold Corp., with a large mineral reserve and significant exploration potential.
Why we expect these perspectives ?
Castle Mountain's 11% growth is driven by increasing gold reserves, improved mining efficiency, and enhanced processing capacity. The mine's expansion into the South Domes area and optimization of the pit design also contribute to the growth. Additionally, Equinox Gold Corp.'s focus on cost reduction and exploration initiatives support the mine's upward trajectory.
Equinox Gold Corp. Products
| Product Range | What is it ? |
|---|---|
| Gold | Equinox Gold Corp. is a Canadian mining company that produces gold from its mines in Brazil and the United States. |
| Copper | Equinox Gold Corp. also produces copper as a by-product of its gold mining operations. |
| Silver | Silver is another by-product of Equinox Gold Corp.'s mining operations, used in various industrial and commercial applications. |
Equinox Gold Corp.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Equinox Gold Corp. is medium, as there are some alternative gold mining companies, but they are not easily substitutable.
Bargaining Power Of Customers
The bargaining power of customers for Equinox Gold Corp. is low, as the company's customers are primarily institutional investors and gold traders who do not have significant bargaining power.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Equinox Gold Corp. is medium, as the company relies on a few key suppliers for equipment and services, but there are some alternative suppliers available.
Threat Of New Entrants
The threat of new entrants for Equinox Gold Corp. is low, as the gold mining industry has significant barriers to entry, including high capital costs and regulatory hurdles.
Intensity Of Rivalry
The intensity of rivalry for Equinox Gold Corp. is high, as the gold mining industry is highly competitive, with many established players competing for market share.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 27.90% |
| Debt Cost | 3.95% |
| Equity Weight | 72.10% |
| Equity Cost | 9.41% |
| WACC | 7.89% |
| Leverage | 38.71% |
Equinox Gold Corp. : Quality Control
Equinox Gold Corp. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| IMG.TO | IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in … |
| IDR | Idaho Strategic Resources, Inc. engages in the exploring, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho and Western … |
| OLA.TO | Orla Mining Ltd. acquires, explores for, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project … |
| WDO.TO | Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver … |
| NGD.TO | New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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IAMGOLD
A-Score
1-Year Total Return ->
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Wesdome Gold Mines
A-Score
1-Year Total Return ->
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Orla Mining
A-Score
1-Year Total Return ->
4
Equinox Gold
A-Score
1-Year Total Return ->
5
Idaho Strategic Resources
A-Score
1-Year Total Return ->
6
