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Equinox Gold Corp
TSX:EQX

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Equinox Gold Corp
TSX:EQX
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Price: 19.14 CAD 0.84%
Market Cap: CA$8.7B

EV/IC

0.8
Current
10%
More Expensive
vs 3-y average of 0.7

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.8
=
Enterprise Value
CA$10.7B
/
Invested Capital
$9.7B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.8
=
Enterprise Value
CA$10.7B
/
Invested Capital
$9.7B

Valuation Scenarios

Equinox Gold Corp is trading above its 3-year average

If EV/IC returns to its 3-Year Average (0.7), the stock would be worth CA$17.45 (9% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-9%
Maximum Upside
+321%
Average Upside
109%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.8 CA$19.14
0%
3-Year Average 0.7 CA$17.45
-9%
5-Year Average 0.7 CA$19.1
0%
Industry Average 3.2 CA$80.5
+321%
Country Average 1.7 CA$42.66
+123%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CA
Equinox Gold Corp
TSX:EQX
8.7B CAD 0.8 28.2
RU
Polyus PJSC
LSE:PLZL
70.4T USD 8 391.6 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
636.8B ZAR 3.2 10.9
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
164.6B ZAR 1.6 10.1
CN
Zijin Mining Group Co Ltd
SSE:601899
885.4B CNY 2.3 14.4
US
Newmont Corporation
NYSE:NEM
121B USD 2.4 16.9
CA
Agnico Eagle Mines Ltd
TSX:AEM
127.7B CAD 2.9 20.5
CA
Barrick Gold Corp
TSX:ABX
89.4B CAD 1.5 13
CA
Barrick Mining Corp
F:ABR0
55.5B EUR 1.5 13.1
CA
Wheaton Precious Metals Corp
TSX:WPM
77.9B CAD 6.9 38
HK
Zijin Gold International Co Ltd
HKEX:2259
403.6B HKD 5.6 32.2

Market Distribution

Lower than 82% of companies in Canada
Percentile
18th
Based on 3 166 companies
18th percentile
0.8
Low
0 — 1
Typical Range
1 — 3.7
High
3.7 —
Distribution Statistics
Canada
Min 0
30th Percentile 1
Median 1.7
70th Percentile 3.7
Max 95 179.6

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
30.3 CAD
Undervaluation 37%
Intrinsic Value
Price CA$19.14
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