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Equinox Gold Corp.

EQX · AMEX

Market closed$8.62$-0.130000 (-1.49%)After hours $8.69 · +0.81%

Key statistics

Previous close$8.75
Open$8.62
Day high$8.86
Day low$8.49
52-week high$18.96
52-week low$6.01
Market cap6.80B
Volume12.25M
Average volume11.71M
P/E ratio10.26
Forward P/E—
EPS0.84
Dividend yield+0.35%

Market context

Why it moved

Equinox Gold (EQX) declined as broader market pressure and concerns over funding and balance-sheet stress weighed on gold miners, with EQX sitting roughly 54% below its 52-week high amid a global equity sell-off and the company's Q1 earnings missing analyst expectations.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Equinox Gold shares declined amid a sharp sector-wide pullback, as spot gold fell over 2% below the key $4,000 level — hitting a two-week low — on concerns that escalating U.S.-Iran tensions could stoke inflation and delay Federal Reserve rate cuts. The TSX materials sector dropped 3.4% to its lowest since November, weighing heavily on gold miners. RBC Capital reiterated its Buy rating with a $13 price target on July 13, while resource analyst Rick Rule flagged EQX's ~50% decline as having improved its valuation, highlighting Greenstone's cash-flow potential and possible asset sales as key catalysts to watch.

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July 17, 2026Equinox Gold tumbled as spot gold fell sharply below $4,000/oz amid fears that escalating U.S.-Iran tensions could stoke inflation and prompt Fed tightening, hammering the TSX materials sector by 3.4%. Company-specific pressure also mounted as CIBC cut its price target to $19.22 from $22.06 (maintaining Buy) ahead of the July 22 shareholder vote on the proposed Orla Mining merger, which has received ISS's endorsement but stirred valuation concerns.

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July 16, 2026Equinox Gold closed modestly lower despite a favorable macro backdrop, as cooler-than-expected U.S. June CPI data sparked a gold rebound to ~$4,053/oz and eased near-term Fed rate hike fears. Investor focus remains on the company's proposed business combination with Orla Mining — which has received support from independent proxy advisory firms — and a strong Q2 2026 production report of 176,836 oz, including 97,273 oz from its Canadian Greenstone and Valentine mines operating above nameplate capacity. VanEck's precious metals team noted gold equities remain undervalued relative to prevailing gold prices, with sector margins strong at sub-$2,000 all-in sustaining costs.

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July 15, 2026Equinox Gold edged higher as major proxy advisory firms, including ISS, formally recommended shareholders vote FOR the company's proposed merger with Orla Mining ahead of the July 22 special meeting, reinforcing the deal's strategic rationale of creating a 1.1M-ounce North American senior gold producer. The positive backdrop was tempered by a broad gold selloff — spot gold fell nearly 3% below $4,000 — driven by surging oil prices after Trump's Strait of Hormuz remarks lifted inflation expectations and rate-hike bets, pressuring non-yielding metals despite a Fed-friendly CPI print that supported broader equities.

0.5291

July 14, 2026Equinox Gold closed down roughly 3% as gold prices continue their third consecutive week of losses and the basic materials sector underperformed broader markets. The decline comes despite significant positive catalysts: ISS and other independent proxy advisors formally recommended shareholders vote FOR the company's proposed merger with Orla Mining ahead of the July 22 special meeting, citing strategic diversification and long-term production potential. RBC Capital trimmed its price target to $13 (from $14) while maintaining an Outperform rating, reflecting sector-wide pressure as gold has fallen roughly 5% year-to-date amid speculative unwinding in precious metals.

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July 11, 2026Equinox Gold closed essentially flat as two major catalysts converged: the company reported solid Q2 2026 production of 176,836 oz (on pace for full-year guidance of 700,000–800,000 oz), and proxy advisory firm ISS recommended shareholders vote in favor of the pending Orla Mining acquisition ahead of the July 22 special meeting. The ISS endorsement, alongside unanimous board support from both companies, bolsters confidence that the all-share deal will close, creating Canada's second-largest gold producer targeting ~1.1M oz annual output — though significant dilution risk from issuing up to 421.8M new shares remains a key investor concern.

0.2053

July 10, 2026Equinox Gold closed up ~3% after reporting Q2 production of 176,836 ounces, with Canadian operations — Greenstone and Valentine mines — lifting output 11% quarter-over-quarter, keeping the company on track for its 2026 guidance of 700,000–800,000 oz. The results also spotlighted the pending Orla Mining acquisition, with a shareholder vote set for July 22 and a Q3 close confirmed by Orla, which itself reported strong Q2 output. RBC Capital maintained its Outperform rating but trimmed its price target to $13 from $14, while gold above $4,100/oz provided a constructive commodity backdrop.

3.178

July 9, 2026Equinox Gold shares fell nearly 4%, pressured by a broad risk-off selloff after President Trump declared the Iran ceasefire deal 'over,' sending oil surging 5%+ and dragging gold prices lower. The decline came despite the company's announcement of a C$130M block sale of its Versamet Royalties stake — trimming its holding from 10.7% to 2.7% — a move that monetizes a non-core position but also severs Versamet's right of first offer on Equinox royalties. A Seeking Alpha analysis flagged the stock is down ~45% from its March 2026 peak, though CITIC Securities sees gold equities as significantly oversold with strong valuation support.

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Mexico Business News · July 15, 2026Equinox-Orla Gold Merger Nears Close, Pending Mexico NodGlobeNewswire · July 10, 2026Independent Proxy Advisory Firms Recommend Equinox GoldMoomoo · July 10, 2026ATB Cormark Capital Markets Maintains Equinox Gold(EQX.US) With Buy Rating, Cuts Target Price to $16.96Stock Titan · July 9, 2026Equinox Gold's Canadian mines lifted output 11% in Q2Stock Titan · July 7, 2026Equinox Gold (EQX) cuts Versamet stake to 2.7% in C$130M share saleStock Titan · June 23, 2026Equinox Gold mails proxy materials for Orla Mining takeover voteSimply Wall Street · June 3, 2026Equinox Gold Orla Deal Weighs Dilution Against Scale And Growth PotentialInvesting News Network · May 16, 2026Equinox and Orla Unite to Form US$18.5B Gold Powerhouse
Mt Newswire · July 10, 2026ISS Recommends Orla, Equinox Shareholders Vote for Deal
Mt Newswire · July 10, 2026Equinox Gold, Orla Merger Gets Positive Recommendation from Proxy Advisory Firms
Benzinga · July 9, 2026RBC Capital Maintains Outperform on Equinox Gold, Lowers Price Target to $13
Mt Newswire · July 9, 2026Equinox Gold's Q2 Gold Production Falls YoY
Mt Newswire · July 9, 2026Orla Mining Provides Q2 Operations Update
Mt Newswire · July 9, 2026Orla Mining Produces 88,265 Gold Ounces in Q2
Mt Newswire · July 9, 2026Equinox Gold Reports Q2 Gold Production of 176,836 Ounces
Mt Newswire · July 7, 2026Equinox Sells Versamet Royalties Shares for $91.5 Million

Peers

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