Equinox Gold reports September-quarter results after the market closes on November 9. Analysts expect earnings per share (EPS) of C$0.25, up from C$0.19 a year ago. But the consensus has fallen from C$0.31 over the past month, and the company has beaten estimates in only two of its last four reported quarters.
Equinox Gold Corp. (TSX: EQX) is a Canadian gold producer. Investors will be watching whether production and costs support the expected earnings growth, and what management says about execution and the outlook as the company integrates its expanded operations and ramps up the Valentine mine. See the EQX stock page for more company and share information.
Recent earnings trend
Equinox Gold Corp
EQX.TO
EQX.TO
Equinox Gold Corp
WealthAwesomeMarket cap
$18.46B
P/E
24.0x
Div. yield
0.19%
Div. / share
$0.03
52W high
$25.76
52W low
$11.89
1W change
+7.72%
Beta
2.53
Analyst Price Targets
Based on analyst covering EQX · as of Nov 6, 2026
Wall Street analysts forecast EQX stock price to rise 55.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$24.61
+55.7% Upside
Previously C$24.45 on Nov 5, 2026
Current Price
C$15.81
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on EQX's historical volatility
30-Day Vol
62.8%
Annualized
90-Day Vol
59.7%
Annualized
Trend (90d)
-9.9%
Annualized drift
90d Mean
C$15.26
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$15.62 | C$12.58 – C$19.41 |
| 60 trading days | C$15.44 | C$11.36 – C$20.98 |
| 90 trading days | C$15.26 | C$10.48 – C$22.21 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 5 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-09 | — | 0.1800 | — |
| 2026-06-30 | 2026-08-05 | 0.1500 | 0.1600 | -6.3% |
| 2026-03-31 | 2026-05-07 | 0.2300 | 0.2900 | -20.7% |
| 2025-12-31 | 2026-02-17 | 0.3400 | 0.2200 | +54.5% |
| 2025-09-30 | 2025-11-06 | 0.1900 | 0.1200 | +58.3% |
| 2025-06-30 | 2025-08-13 | 0.1100 | 0.0200 | +450.0% |
Investor takeaway: The consensus points to year-over-year EPS growth, but lower estimates and mixed results make operational execution just as important as the headline number. Equinox Gold beat consensus by 54.55% in September and December 2025, then missed by 20.69% in March 2026 and 6.25% in June 2026. The current C$0.25 EPS estimate is down from C$0.31 a month ago.
Revenue consensus is unavailable, so the reported 5.1% revenue-growth estimate should not be read as a dollar forecast. The shares closed at C$15.81 on November 5, below their 50-day and 200-day moving averages. Recent company coverage has focused on higher Canadian gold output and the Valentine mine ramp-up.
C$0.25
Five analysts expect September-quarter EPS of C$0.25. That’s 29.5% above the year-ago result of C$0.19, but below the C$0.31 estimate from 30 days ago. Estimates range from C$0.15 to C$0.35, reflecting uncertainty about the result.
Bull case
Analysts still expect EPS to grow 29.5% from a year ago. Equinox Gold has also delivered large upside surprises in two of its last four comparable quarters. Higher Canadian gold output and progress at the Valentine mine could support results. If production and costs translate into stronger earnings, the quarter would add weight to the growth case.
Bear case
Analysts have cut their EPS estimate from C$0.31 to C$0.25 in a month, and Equinox Gold missed consensus in its last two reported quarters. Gold producers also face operating and commodity-price risks that can make earnings unpredictable. The shares trade at about 24 times earnings based on the supplied snapshot and remain below their 50-day and 200-day moving averages. A miss or cautious outlook on operations could weigh on expectations.
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