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Equinox Gold Corp. (EQX) Options Positioning, Max Pain & Unusual Sweeps

$10.08 +3.92% NYSE β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $10.13

Equinox Gold Corp. (EQX) carries a Roarable Rating of D+ (Sell) with 54/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ β€’ SELL / AVOID Cap $11.32B
πŸ“€ Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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πŸ€– Mara Quenwick β€’ AI Quant Lead (Click for Instant Brief) Is EQX stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
β–Ό

As of 2026-11-03, Equinox Gold Corp. (NYSE: EQX) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 54/100 at a spot price of $10.08 (+3.92% 1D, market cap $11.32B). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 16/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 12/20. Across 270 tracked Materials issuers, EQX ranks #60 in composite RQD confidence.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Ellis Vennor β€’ AI Peer & Flow Quant (Click for Instant Brief) How does EQX compare to AGI and CDE in the Materials sector?
β–Ό

Within the Materials sector (Precious Metals), EQX carries a Roarable D+ (54/100 RQD), trailing P/E of 32.8x, gross margin of β€”, and ROIC of 9.9%. By comparison, AGI (Alamos Gold Inc. (Class A)) holds a D+ grade (53/100 RQD, P/E 32.8x, ROIC 9.9%, cap $11.49B) and CDE (Coeur Mining Inc.) posts a C+ grade (66/100 RQD, P/E 24.6x, ROIC 15.1%, cap $13.47B). Among the 5-stock peer group, CDE leads on earnings multiple (24.6x) while CDE leads on capital efficiency (15.1% ROIC).

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Gideon Ashmere β€’ AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for EQX?
β–Ό

For Equinox Gold Corp. (EQX), key quantitative strengths include Clean SEC annual filing review with no major hidden accounting time-bombs and sector rank #60 in Materials, while primary risk factors center on Sensitive to high interest rates and tighter Federal Reserve market liquidity and implied 5-year growth hurdle of 25.3%/yr. Institutional options positioning shows a 50% call / 50% put premium split.

βœ“ Pre-computed one-to-many AI Quant brief
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INTERACTIVE SCENARIO DECK:
πŸ›‘οΈ Portfolio Crash X-Ray
EXT / AFTER-HRS: $10.13 (+0.52%)🧬 Cannibal Buyback (-1.24% YoY Shares)βš™οΈ Cash Engine: 12/20 (C-) β€’ 6.3% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record: Scores of 54/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.7% avg 90D alpha vs SPY β€’ 51.0% hit rate β€” wait for RQD β‰₯ 70 breakout).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERSELL / AVOID β€’ D+
025507510054
Quant Analyst Panel Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) β€” not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw D Β· Rk C
Cash (12)Whales (5)SEC (16)Macro (9)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE-1.8% Base Target
$20 Bull$10 Base$8 Bear
πŸ“¬ FREE EQX RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for EQX)Realized 20D OHLCV Swing Band: Β±8.3%
Deterministic 5-Pillar Attribution (54/100 Composite)
πŸ” WHY EQX SCORES 54/100 (D+) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: SEC 10-K Forensic Risk+16/20 pts (30% of score)

Altman Z-Score 3.74 (FORTRESS SAFE (>3.0)) β€’ Piotroski F-Score 8/9

β–² #2 Bullish Driver: Cash Engine Quality+12/20 pts (22% of score)

SEC XBRL Trailing 12 Months: 6.3% FCF Margin ($250.3M FCF) & 52% Gross Margin

β–Ό #1 Drag / Risk Factor: Whale & Options Positioning5/20 pts (-15 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-15 pts vs max)

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
62
Grade C+$10.29+7.3% Next Q
Q2 (-2Q)
59
Grade C$11.04-5.1% Next Q
Q3 (-1Q)
57
Grade C$10.48-3.8% Next Q
Current
54
Grade D+$10.08-0.7% Hist 90D Ξ±
Trajectory: C+ (62) β†’ D+ (54)Full Audit β†’
βš”οΈ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

βš”οΈ Adversarial Opposing Case: What Could Spark a EQX Turnaround Squeeze

Gideon Ashmere Forensic Desk β†’

While EQX currently carries a cautious 54/100 (D+) rating due to Whale & Options Positioning (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

πŸš€ Contrarian Squeeze Trigger #1

Clean SEC annual filing review with no major hidden accounting time-bombs.

πŸš€ Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($11.51) and Max Pain ($10.58) forces dealer call-delta covering toward $19.91.

πŸš€ Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Cannibal Buyback (-1.24% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $EQXβ€’ $2.4M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œEQX Beats Next Quarter EPS Consensus (Upcoming Quarter) & Holds Above 200D SMA”
YES 54%NO 46%Trade / Inspect Odds β†’
CALL VS. PUT WHALE SHARE
β€” (No Active Options Snapshot)
Put/Call Ratio: β€” (No Active Options Snapshot)
MAX-PAIN EXPIRATION MAGNET
β€” (No Active Options Snapshot)
No active options chain max-pain snapshot on file
HISTORICAL 20D VOLATILITY SWING
Β±8.3%
Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (EQX)

β€” (No Active Options Snapshot) β€” No unusual CBOE strike concentration anomalies recorded in the current database snapshot for EQX.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring EQX)

  • βœ“Walkthrough of EQX's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • βœ“3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
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EQX // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -27.27%πŸ›‘οΈ HOLDING TREND SUPPORT
2026-11-03O $10.18H $10.18L $9.70C $10.08VOL 21.91M
RES: $13.27SUP: $9.53SMA50: $11.51SMA200: $12.69
$15.77$13.79$11.82$9.84$7.87RES $13.27SUP $9.53$10.082026-05-042026-06-182026-08-052026-09-212026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

EQX Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

πŸ¦‹ EQX Butterfly Map β†’ + Track EQX β†’
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
25.3%/yr Implied 5Y Growth

vs. +16.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on EQX today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for EQX. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for EQX today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT β€’ SEC EDGAR XBRL Γ— RQD PEER BENCHMARK

πŸ“Š Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (EQX)

Materials Rank #60 of 270 βš”οΈ AGI vs EQX Full Matrix β†’

1. Head-to-Head Materials Peer Comparison (EQX vs. AGI, CDE, HMY, IAG)

Industry: Precious Metals (74 Tracked Issuers)

Across 270 tracked Materials securities in the Roarable RQD universe, Equinox Gold Corp. (EQX) ranks #60 by composite RQD confidence (54/100, grade D+) and #40 by equity capitalization ($11.32B). Within this direct 5-issuer industry benchmark cohort, CDE leads on earnings valuation at 24.6x trailing P/E, while CDE leads on capital efficiency and profitability with 15.1% ROIC and β€” gross margin. CDE currently holds the highest overall quantitative score in the immediate peer group at 66/100 (C+) compared with EQX at 54/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
EQX ACTIVE
Equinox Gold Corp.
D+ 54/100 32.8x β€” 9.9% +3.92% $11.32B Benchmark Subject
AGI
Alamos Gold Inc. (Class A)
D+ 53/100 32.8x β€” 9.9% +1.13% $11.49B /agi-vs-eqx β†’
CDE
Coeur Mining Inc.
C+ 66/100 24.6x β€” 15.1% +1.68% $13.47B /cde-vs-eqx β†’
HMY
Harmony Gold Mining Company Limited
D+ 53/100 32.8x β€” 9.9% +5.19% $9.17B /hmy-vs-eqx β†’
IAG
Iamgold Corporation
D+ 52/100 32.8x β€” 9.9% +3.56% $8.82B /iag-vs-eqx β†’

2. EQX Fundamental Profitability, Capital Efficiency & Balance-Sheet Forensics

TRAILING 12M & FORWARD QUANTITATIVE SNAPSHOT

Equinox Gold Corp. (EQX) operates in Precious Metals (Materials) with an equity capitalization of $11.32B, trailing P/E of 32.8x, forward P/E of 27.6x, and EV/EBITDA of 21.0x. Operating profitability registers a gross margin of β€”, operating margin of 13.9%, net profit margin of 10.9%, ROIC of 9.9%, and free cash flow yield of 2.21%, alongside an Altman Z-Score of 3.74 and Piotroski F-Score of 8/9.

3. EQX Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is EQX stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Equinox Gold Corp. (NYSE: EQX) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 54/100 at a spot price of $10.08 (+3.92% 1D, market cap $11.32B). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 16/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 12/20. Across 270 tracked Materials issuers, EQX ranks #60 in composite RQD confidence.

How does EQX compare to AGI and CDE in the Materials sector?

Within the Materials sector (Precious Metals), EQX carries a Roarable D+ (54/100 RQD), trailing P/E of 32.8x, gross margin of β€”, and ROIC of 9.9%. By comparison, AGI (Alamos Gold Inc. (Class A)) holds a D+ grade (53/100 RQD, P/E 32.8x, ROIC 9.9%, cap $11.49B) and CDE (Coeur Mining Inc.) posts a C+ grade (66/100 RQD, P/E 24.6x, ROIC 15.1%, cap $13.47B). Among the 5-stock peer group, CDE leads on earnings multiple (24.6x) while CDE leads on capital efficiency (15.1% ROIC).

What are the biggest fundamental strengths and SEC risk factors for EQX?

For Equinox Gold Corp. (EQX), key quantitative strengths include Clean SEC annual filing review with no major hidden accounting time-bombs and sector rank #60 in Materials, while primary risk factors center on Sensitive to high interest rates and tighter Federal Reserve market liquidity and implied 5-year growth hurdle of 25.3%/yr. Institutional options positioning shows a 50% call / 50% put premium split.

Where is EQX trading relative to its 50-day, 200-day, and 52-week technical levels?

EQX last traded at $10.08 (+3.92% on volume of 20,797,828 shares), positioning the stock -12.42% below its 50-day simple moving average ($11.51) and -20.57% below its 200-day simple moving average ($12.69). Across its 52-week range of $8.48 to $18.96, EQX sits at the 15.3% percentile with a 14-day RSI of 37.2 (NEUTRAL RANGE) and an implied next-earnings move of Β±8.3% ($9.24 to $10.92).

Direct Sub-Reports: EQX RQD Cockpit EQX 12M Forecast EQX Earnings & Move EQX Dividends & DRIP EQX Insiders & 13F EQX Whale Options EQX Profit Sankey EQX News & Why
ROARABLE RATING BRIEF β€’ RQD 54/100 (D+) βœ“ SEC XBRL & RQD VERIFIED

EQX β€” Equinox Gold Corp.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2026-11-03

1. Roarable Rating Brief: What This Means to a Prospective Investor

Equinox Gold Corp. (EQX) earns a live Roarable RQD composite score of 54/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $10.08 (+3.92% 1D, market capitalization $11.32B).

  • Fundamental Cash Engine (12/20): Anchored by return on invested capital (ROIC) of 9.9%, gross margin of β€”, operating margin of 13.9%, and free cash flow yield of 2.21%.
  • Whale 13F & Options Flow (5/20) + Insider Conviction (12/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (9/20) + Forensic Balance Sheet (16/20): Incorporates a 0.88x equity beta, Altman Z-Score of 3.74, Piotroski F-Score of 8/9, and Debt/Equity of 0.39x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Equinox Gold Corp. (EQX) is a NYSE-listed issuer in the Materials sector, Precious Metals industry. The profile describes it as a Materials issuer operating in Precious Metals with a market capitalization of $11.9B. β€” for: specific products sold, customers, and detailed revenue-generation mechanics.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • πŸ‚ Primary Bull Case (D+ β€’ RQD 54/100): Clean SEC annual filing review with no major hidden accounting time-bombs. Free cash flow yield of 2.21% and institutional whale pillar of 5/20. With Fundamental Cash Engine at 12/20 and Institutional Whale Flow at 5/20, sustained execution supports upside toward the upper end of the $8.48 – $18.96 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh 32.8x trailing P/E and 21.0x EV/EBITDA against 13.9% operating margins and a 0.88x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The only sector context is the Materials / Precious Metals classification and the Beta of 0.88.

  • Key Question #1: Can EQX sustain or expand its 13.9% operating margin and 9.9% ROIC against Precious Metals peers over the next 4 quarters?
  • Key Question #2: Will free cash flow conversion (2.21% FCF yield) strengthen balance-sheet liquidity (Altman Z-Score 3.74) toward the $18.96 52-week high?
  • Key Question #3: How sensitive is EQX's 27.6x forward P/E multiple to Materials capital spending cycles and macro interest-rate shifts (Beta 0.88x)?

EQX Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Equinox Gold Corp. (EQX) β€’ Click "Debate This Headline" to argue it in the Roar Pit below

πŸ’¬ Jump to EQX Debate Forum (3) ↓
πŸ”₯ THE ROAR PIT β€’ LIVE COMMUNITY DEBATE 3 Active Posts & Replies

EQX Bull vs. Bear Conversation Board β€” What's Your Call at $10.08?

πŸ‚ 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON EQX 🐻 33% BEARISH CONVICTION
1. Pick Your Side on EQX:
πŸ’‘ Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
MI MidwestValue RQD DEBATE OPENER β€’ Fundamental Long-Only πŸ‚ BULLISH 🎯 Target: $11.74 (+21.0%)
πŸ“Œ Pinned Debate

The Forensic Balance Sheet pillar scores 16/20 with Altman Z 3.74, Piotroski F 8/9, and Debt/Equity 0.39, indicating financial strength

The Forensic Balance Sheet pillar scores 16/20 with Altman Z 3.74, Piotroski F 8/9, and Debt/Equity 0.39, indicating financial strength.. When you look under the hood at EQX, Fundamental Cash Engine is 12/20 with 0.0% gross margins and 9.9% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (5/20) has been quietly accumulating below $18.96. My 12M target is $11.74.

RetailWhale_TX πŸ‚ BULL

Both sides have a point here β€” EQX's 16/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

SK SkepticalCFA RQD DEBATE OPENER β€’ Fundamental Contrarian 🐻 BEARISH 🎯 Target: $8.34 (-14.0%)
Spot @ $9.70

The Whale 13F Flow pillar scores only 5/20 and FCF yield is 2.21% against a 32.8 trailing P/E, leaving weak institutional and cash-yiel

The Whale 13F Flow pillar scores only 5/20 and FCF yield is 2.21% against a 32.8 trailing P/E, leaving weak institutional and cash-yield support for the valuation.. Look at the math on EQX: paying 32.8x trailing P/E for 9.9% ROIC and 13.9% operating margins leaves zero margin of safety if Precious Metals demand softens. I'd wait for a retest of $8.54 before getting long.

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