Scotiabank Weighs in on Equinox Gold FY2026 Earnings

Key Points

• Scotiabank expects Equinox Gold to outperform consensus, forecasting FY2026 earnings of C$1.48 per share versus the C$1.39 consensus estimate, with FY2027 EPS projected at C$1.75. The bank maintains a “Strong Buy” rating.
• Equinox Gold reported quarterly EPS of C$0.21 on C$1.09 billion in revenue, with a 26.36% net margin and 13.85% return on equity. Analysts overall maintain a “Buy” consensus and an average price target of C$24.50.
• The company increased its quarterly dividend to C$0.0225, or C$0.09 annually, equating to a 0.5% yield. An insider also purchased 7,000 shares worth C$100,800, increasing their holdings by 6.85%.

Equinox Gold Corp. (TSE:EQX - Free Report) - Stock analysts at Scotiabank issued their FY2026 earnings estimates for shares of Equinox Gold in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst O. Habib forecasts that the company will earn $1.48 per share for the year. Scotiabank has a "Strong-Buy" rating on the stock. The consensus estimate for Equinox Gold's current full-year earnings is $1.39 per share. Scotiabank also issued estimates for Equinox Gold's FY2027 earnings at $1.75 EPS.

Equinox Gold (TSE:EQX - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$1.09 billion for the quarter. Equinox Gold had a net margin of 26.36% and a return on equity of 13.85%.

Other equities research analysts have also recently issued research reports about the company. TD cut their price target on Equinox Gold from C$23.00 to C$20.00 and set a "buy" rating for the company in a report on Monday, June 29th. Canadian Imperial Bank of Commerce lowered their price objective on Equinox Gold from C$31.00 to C$27.00 in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$24.50.

Equinox Gold Price Performance

EQX stock opened at C$18.62 on Monday. The company has a debt-to-equity ratio of 9.15, a current ratio of 1.33 and a quick ratio of 1.31. The business has a 50 day simple moving average of C$14.35 and a 200-day simple moving average of C$17.82. The firm has a market capitalization of C$21.74 billion, a PE ratio of 17.24 and a beta of 3.07. Equinox Gold has a 1 year low of C$10.84 and a 1 year high of C$25.87.

Insiders Place Their Bets

In other news, insider Daniella Elena Dimitrov purchased 7,000 shares of the company's stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of C$14.40 per share, with a total value of C$100,800.00. Following the purchase, the insider directly owned 109,199 shares in the company, valued at approximately C$1,572,465.60. This represents a 6.85% increase in their position. 6.40% of the stock is owned by insiders.

Equinox Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd will be issued a $0.0225 dividend. This represents a $0.09 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, August 19th. This is a positive change from Equinox Gold's previous quarterly dividend of $0.01. Equinox Gold's dividend payout ratio (DPR) is presently 2.78%.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian-based gold mining company engaged in the exploration, development and production of gold assets across the Americas. The company focuses on operating and advancing assets that can deliver sustainable gold production through modern mining methods and responsible environmental practices.

Equinox Gold’s operating portfolio includes the Los Filos mine in Mexico, the Mesquite and Castle Mountain mines in California, and the Aurizona mine in Brazil. These assets employ a combination of heap‐leach and carbon‐in‐leach processing techniques to produce gold doré, while ongoing exploration programs seek to expand mineral reserves and extend mine life at each site.

Since its formation, Equinox Gold has grown through strategic acquisitions and organic project development, building a pipeline of development‐stage and advanced exploration properties across North and South America.

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