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Equinox Gold Corp
AMEX:EQX

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Equinox Gold Corp
AMEX:EQX
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Price: 14.34 USD 0.07% Market Closed
Market Cap: $11.3B

EV/S

4.1
Current
46%
More Expensive
vs 3-y average of 2.8

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.

EV/S
4.1
=
Enterprise Value
$10.7B
/
Revenue
$1.8B

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.

EV/S
4.1
=
Enterprise Value
$10.7B
/
Revenue
$1.8B

Valuation Scenarios

Equinox Gold Corp is trading above its 3-year average

If EV/S returns to its 3-Year Average (2.8), the stock would be worth $9.83 (31% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-31%
Maximum Upside
+15%
Average Downside
19%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 4.1 $14.34
0%
3-Year Average 2.8 $9.83
-31%
5-Year Average 2.9 $10.07
-30%
Industry Average 4.7 $16.45
+15%
Country Average 2.9 $10.32
-28%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
$10.7B
/
Jan 2026
$1.8B
=
4.1
Current
$10.7B
/
Dec 2026
$3.7B
=
2.9
Forward
$10.7B
/
Dec 2027
$4.3B
=
2.5
Forward
$10.7B
/
Dec 2028
$3.9B
=
2.7
Forward
$10.7B
/
Dec 2029
$4.3B
=
2.5
Forward
$10.7B
/
Dec 2030
$4.3B
=
2.5
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
CA
Equinox Gold Corp
AMEX:EQX
8.9B USD 4.1 28.7
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 233 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
677.1B ZAR 4.9 11.6
ZA
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
Zijin Gold International Co Ltd
HKEX:2259
422.6B HKD 9.5 33.8

Market Distribution

In line with most companies in Canada
Percentile
66th
Based on 2 384 companies
66th percentile
4.9
Low
0 — 1.7
Typical Range
1.7 — 5.7
High
5.7 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.7
Median 2.9
70th Percentile 5.7
Max 15 639 353.3

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.

EQX Intrinsic Value
20.99 USD
Undervaluation 32%
Intrinsic Value
Price $14.34
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