EQX Should I Buy
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Equinox Gold Corp (EQX) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock shows strong technical indicators, positive analyst sentiment, and a shareholder-friendly buyback program. Despite a revenue drop in the latest quarter, the company demonstrated significant improvements in net income, EPS, and gross margin, indicating financial resilience.
The technical indicators for EQX are bullish. The MACD is positive and expanding, the RSI is neutral at 70.45, and the moving averages (SMA_5 > SMA_20 > SMA_200) indicate a strong uptrend. The stock is trading near its resistance level (R1: 18.462), suggesting potential for further upside.
Analysts have recently upgraded the stock with higher price targets, reflecting strong confidence in the company's future performance.
The company announced a share buyback program to repurchase up to 5% of its issued shares, which is likely to enhance shareholder value.
Improvements in net income, EPS, and gross margin in the latest quarter demonstrate strong financial health.
Hedge funds have significantly increased their selling activity, which could indicate reduced institutional confidence.
Revenue dropped significantly (-83.33% YoY) in the latest quarter, which may raise concerns about the company's top-line growth.
In Q4 2025, Equinox Gold's revenue dropped by 83.33% YoY to $95.82 million. However, net income increased by 91.43% YoY to $187.53 million, EPS rose by 26.32% YoY to $0.24, and gross margin surged by 516.90% YoY to 176.68%. These metrics highlight strong profitability improvements despite revenue challenges.
Analysts have a positive outlook on EQX, with multiple upgrades and raised price targets. Recent upgrades include CIBC's price target increase to C$32 and Stifel's target increase to C$31. The consensus reflects confidence in the stock's long-term potential, driven by favorable gold price forecasts and geopolitical factors.
