Equinox Gold Corp
AMEX:EQX
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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EV/S
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Valuation Scenarios
If EV/S returns to its 3-Year Average (2.8), the stock would be worth $9.83 (31% downside from current price).
| Scenario | EV/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 4.1 | $14.34 |
0%
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| 3-Year Average | 2.8 | $9.83 |
-31%
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| 5-Year Average | 2.9 | $10.07 |
-30%
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| Industry Average | 4.7 | $16.45 |
+15%
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| Country Average | 2.9 | $10.32 |
-28%
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Forward EV/S
Today’s price vs future revenue
| Today's Enterprise Value | Revenue | Forward EV/S | ||
|---|---|---|---|---|
|
$10.7B
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/ |
Jan 2026
$1.8B
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= |
|
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$10.7B
|
/ |
Dec 2026
$3.7B
|
= |
|
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$10.7B
|
/ |
Dec 2027
$4.3B
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= |
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$10.7B
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/ |
Dec 2028
$3.9B
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= |
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$10.7B
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/ |
Dec 2029
$4.3B
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= |
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$10.7B
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/ |
Dec 2030
$4.3B
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= |
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Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | EV/S | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Equinox Gold Corp
AMEX:EQX
|
8.9B USD | 4.1 | 28.7 | |
| RU |
P
|
Polyus PJSC
LSE:PLZL
|
70.4T USD | 11 233 | 34 959.7 | |
| ZA |
G
|
Gold Fields Ltd
JSE:GFI
|
677.1B ZAR | 4.9 | 11.6 | |
| ZA |
H
|
Harmony Gold Mining Company Ltd
JSE:HAR
|
172.5B ZAR | 2.1 | 10.6 | |
| CN |
|
Zijin Mining Group Co Ltd
SSE:601899
|
912.3B CNY | 2.6 | 14.7 | |
| US |
|
Newmont Corporation
NYSE:NEM
|
126.4B USD | 5.4 | 17.8 | |
| CA |
|
Agnico Eagle Mines Ltd
TSX:AEM
|
136.7B CAD | 8.1 | 22.1 | |
| CA |
|
Barrick Gold Corp
TSX:ABX
|
94.1B CAD | 3.9 | 13.6 | |
| CA |
|
Barrick Mining Corp
F:ABR0
|
58.6B EUR | 3.9 | 13.6 | |
| CA |
|
Wheaton Precious Metals Corp
TSX:WPM
|
86.5B CAD | 25.9 | 41.6 | |
| HK |
Z
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Zijin Gold International Co Ltd
HKEX:2259
|
422.6B HKD | 9.5 | 33.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.7 |
| Median | 2.9 |
| 70th Percentile | 5.7 |
| Max | 15 639 353.3 |
Other Multiples
Equinox Gold Corp
Glance View
Equinox Gold Corp., founded in 2007 with its head office in Vancouver, Canada, carved a dynamic foothold in the competitive gold mining industry. With the keen ambition of emerging as a leading mid-tier gold producer, the company set its sights on strategic acquisitions and organic growth. Unlike many newcomers, Equinox gained rapid traction by acquiring established mines and untapped projects across the American continent, notably in Brazil, the United States, and Mexico. Central to its operations are large-scale, open-pit gold mining projects, including the Aurizona mine in Brazil and the Los Filos mine in Mexico, which have become pivotal revenue generators. The company’s business model is straightforward but demands adroit execution: extract gold at low costs and sell it at market prices. With an emphasis on operational efficiency, Equinox Gold works tirelessly to optimize its mining and processing activities to ensure a steady cash flow. Its approach to sustainability and community engagement reflects an understanding that long-term success lies in fostering trusting relationships with stakeholders. By continuously expanding and optimizing its mines, Equinox capitalizes on rising gold prices, while strategically managing operational risks through skilled workforce deployment and robust market analyses. As a result, Equinox Gold is not just in the business of mining gold, but in the perpetual balancing act of resource management, investor confidence, and market dynamics.