Canada's Equinox Gold Q2 revenue slightly misses estimates
EQX•Outlook
- Equinox Gold sees 2026 gold production at 870,000–920,000 oz, including five months from Orla assets
- Company expects 2026 consolidated cash costs of $1,600–$1,700/oz and AISC of $1,900–$2,000/oz
- 2026 growth capital guidance raised to $600–$650 mln, including $50–$60 mln for Valentine Phase 2
Overview
- Canada gold miner's Q2 revenue fell short of analyst expectations, adjusted EPS missed consensus
- Company completed Orla Mining merger, creating a new senior North American gold producer
- Board approved 50% increase to quarterly dividend and Valentine Phase 2 expansion
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Miss* | $769.80 mln | $774.10 mln (2 Analysts) |
| Q2 Adjusted EPS | Miss | $0.15 | $0.17 (4 Analysts) |
| Q2 Adjusted Net Income | $123.30 mln | ||
| Q2 Net Income | $230.60 mln | ||
| Q2 Adjusted EBITDA | $358.30 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell". The average consensus recommendation for the gold peer group is "buy". Wall Street's median 12-month price target for Equinox Gold Corp. is $14.85, about 55% above its August 4 closing price of $9.58. The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago.
