EQX reported a strong second quarter for 2026, with Equinox Gold Corp. posting revenue of $769.8 million, up sharply from a year earlier. Gross profit climbed to $301.7 million, while operating profit rose to $247.4 million, reflecting improved profitability across the business.
Net income attributable to common shareholders surged to $242.6 million, and diluted earnings per share reached $0.31. Cash flow from operating activities also improved to $203.4 million, showing continued strength in core operations.
On the expense and investment side, cost of sales increased to $468.1 million, while capital spending on property, plant and equipment totaled $204.8 million. The company ended the period with $317.8 million in cash and cash equivalents and total liabilities of $3.4 billion.
- Revenue: $769.8 million
- Net income: $242.6 million
- Operating cash flow: $203.4 million
- Cash and cash equivalents: $317.8 million
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Equinox Gold Corp. Hedge Fund Activity
We have seen 137 institutional investors add shares of Equinox Gold Corp. stock to their portfolio, and 150 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FRANKLIN RESOURCES INC added 8,034,579 shares (+64.5%) to their portfolio in Q1 2026, for an estimated $116,180,012
- FIL LTD added 7,586,626 shares (+32.0%) to their portfolio in Q1 2026, for an estimated $109,702,611
- DONALD SMITH & CO., INC. removed 7,049,326 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $101,933,253
- PRICE T ROWE ASSOCIATES INC /MD/ added 4,956,183 shares (+inf%) to their portfolio in Q1 2026, for an estimated $71,666,406
- L1 CAPITAL PTY LTD added 4,166,609 shares (+20.7%) to their portfolio in Q1 2026, for an estimated $60,249,166
- CITADEL ADVISORS LLC removed 4,011,698 shares (-81.4%) from their portfolio in Q1 2026, for an estimated $58,009,153
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 3,976,649 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $57,502,344
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Equinox Gold Corp. Price Targets
Multiple analysts have issued price targets for $EQX recently. We have seen 3 analysts offer price targets for $EQX in the last 6 months, with a median target of $14.0.
Here are some recent targets:
- Josh Wolfson from RBC Capital set a target price of $13.0 on 07/09/2026
- Anita Soni from CIBC set a target price of $31.0 on 04/21/2026
