Geopolitics Alpha

Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched?

Published . Updated .

Key takeaways

  • Exposed: GLD, GDX, NEM, AEM, WPM
  • Market reaction: GDX −1.5% on the day (still updating); GLD −0.5% on the day (still updating); AEM −1.8% on the day (still updating)

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GEOPOLITICS ALPHAIs Equinox Gold (TSX:EQX)Reasonable, Or Are EarningsLooking Stretched?EQXGEOPOLITICS ALPHA

This report is about gold.

Directly affected

  • EQX Equinox Gold

    Named in this report.

Indirectly affected

  • GLD SPDR Gold Shares-3.7% 30d

    SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • GDX VanEck Gold Miners ETF-10.4% 30d

    VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • NEM Newmont-14.3% 30d

    Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • AEM Agnico Eagle Mines-7.6% 30d

    Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • WPM Wheaton Precious Metals-22.5% 30d

    Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • GOLD Gold.com-16.9% 30d

    Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EQX+3.47%+0.94%base-0.99%after closeafter closeafter close
GLD+2.96%+1.94%base-0.49%after closeafter closeafter close
GDX+5.02%+2.75%base-1.52%after closeafter closeafter close
NEM+3.24%+2.46%base-1.74%after closeafter closeafter close
AEM+6.04%+3.07%base-1.79%after closeafter closeafter close
WPM+5.67%+3.39%base-0.98%after closeafter closeafter close
GOLD-1.49%-3.96%base-1.76%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched? Yahoo Finance

Source: Yahoo Finance

How far Spdr Gold Trust (GLD) has moved since 2 Nov 2026

CompanyWhenMoveStatus
Agnico Eagle Mines (AEM)that day-1.79%still updating
Agnico Eagle Mines (AEM)three days earlier+3.07%final price
Agnico Eagle Mines (AEM)five days earlier+6.04%final price
Equinox Gold (EQX)that day-0.99%still updating
Equinox Gold (EQX)three days earlier+0.94%final price
Equinox Gold (EQX)five days earlier+3.47%final price
Vaneck Etf Trust (GDX)that day-1.52%still updating
Vaneck Etf Trust (GDX)three days earlier+2.75%final price
Vaneck Etf Trust (GDX)five days earlier+5.02%final price
Spdr Gold Trust (GLD)that day-0.49%still updating
Spdr Gold Trust (GLD)three days earlier+1.94%final price
Spdr Gold Trust (GLD)five days earlier+2.96%final price
GOLDthat day-1.76%still updating
GOLDthree days earlier-3.96%final price
GOLDfive days earlier-1.49%final price
Newmont (NEM)that day-1.74%still updating
Newmont (NEM)three days earlier+2.46%final price
Newmont (NEM)five days earlier+3.24%final price
Wheaton Precious Metals (WPM)that day-0.98%still updating
Wheaton Precious Metals (WPM)three days earlier+3.39%final price
Wheaton Precious Metals (WPM)five days earlier+5.67%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Spdr Gold Trust (GLD)

Companies carried with this story

  • GLD Spdr Gold Trust

    For “Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched?,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story

  • GDX Vaneck Etf Trust

    For “Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched?,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story

  • NEM Newmont

    For “Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched?,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story

  • AEM Agnico Eagle Mines

    In “Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched?,” Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence. Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story

  • WPM Wheaton Precious Metals

    Wheaton Precious Metals (WPM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched?.” Reason on file: Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story

  • EQX Equinox Gold

    For “Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched?,” Equinox Gold (EQX) is linked, with no stored direction, medium confidence. Reason on file: Equinox Gold (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story

Spdr Gold Trust (GLD)

Spdr Gold Trust (GLD) is the company in “Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched?,” the 2 Nov 2026 this story story.

For Spdr Gold Trust (GLD), the reason on file says SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story

Vaneck Etf Trust (GDX) is here too. Its reason reads: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story

Price levels for Spdr Gold Trust (GLD)

GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 400.78 across 20 sessions. The latest close on file is 379.67. NEM traded between 104.52 and 120.03 across 20 sessions. The latest close on file is 109.08.

How strong the case is around Spdr Gold Trust (GLD)

46 out of 100Price not final

“Is Equinox Gold (TSX:EQX) Reasonable, Or Are Earnings Looking Stretched?” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.