EQX (Equinox Gold) Moat Score: 4/10 (As of Jul. 07, 2026)


EQX Equinox Gold Corp EQX
77 GF Score
Price $9.83
GF Value $6.10
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Equinox Gold Moat Score?

Equinox Gold EQX -4.66% 77 Moat Score is 4 as of Jul. 07, 2026. GuruFocus rates EQX with a GF Score™ of 77/100 and a GF Value™ of $6.10 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,607 Metals & Mining companies, Equinox Gold ranks better than 97.12% on this metric.

Equinox Gold has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Equinox Gold has Narrow Moat: Equinox Gold Corp has a discernible but modest moat due to its mining assets and some economies of scale. However, it lacks strong brand strength, customer loyalty, and significant regulatory barriers, limiting its competitive edge.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Equinox Gold might have Narrow Moat - Discernible but modest moat.

Equinox Gold  (AMEX:EQX) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Equinox Gold Moat Score Related Terms

EQX vs NEM, AU: Moat Score Comparison

For the Gold subindustry, Equinox Gold's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Equinox Gold Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Equinox Gold's Moat Score distribution charts can be found below:

* The bar in red indicates where Equinox Gold's Moat Score falls into.


EQX
77GF Score
Equinox Gold Corp EQX
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Equinox Gold (EQX) has a Moat Score of 4 as of Jul. 07, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Equinox Gold ranks #75 out of 2607 companies in the Metals & Mining industry, placing it in the top 2.9%.
Is Equinox Gold's Moat Score too high?
Equinox Gold's current Moat Score is 4. The Metals & Mining industry median Moat Score is 1.00. Equinox Gold's value of 4 is 300% above this industry median. Based on the distribution chart, Equinox Gold ranks #75 out of 2607 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Equinox Gold has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinox Gold's Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Equinox Gold ranks #75 out of 2607 companies for Moat Score. This places Equinox Gold in the top 3% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Equinox Gold's value of 4 is 300% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,607 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equinox Gold's current Moat Score of 4 is 300% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinox Gold's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinox Gold stock overvalued right now?
Based on GuruFocus' analysis, Equinox Gold (EQX) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.10, compared to a current price of $9.83 — trading 61.1% above its estimated fair value. The current Moat Score is 4 and 300% above the Metals & Mining industry median of 1.00. Equinox Gold's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Equinox Gold (EQX), the current Moat Score is 4 as of Jul. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Equinox Gold (EQX) Overvalued in 2026?

Based on GuruFocus' analysis, Equinox Gold stock appears to be overvalued. The current stock price of $9.83 is trading 61.1% above its estimated GF Value™ of $6.10. GuruFocus considers Equinox Gold to be Significantly Overvalued.

Key valuation signals for EQX:

  • Moat Score: 4
  • GF Value™: $6.10 vs. price of $9.83 (61.1% above fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 300% above the Metals & Mining median (#75 of 2607)

No single metric tells the full story. See the EQX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Equinox Gold Business Description

Other Exchanges 1LRC:GermanyEQX:Canada
Address 700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8
Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. The company operates gold mines and a clear plan to increase production by advancing the pipeline of growth projects. Geographically, the company operates in the Canada, United States, Mexico, and others. The majority of its revenue is generated from Canada.
77GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.83
Price
$6.10
GF Value