TSE:EQX

Equinox Gold (EQX.TO)

15.98
+0.38 (2.44%)
as of Jun 4, 2026, 8:00:00 pm Market Open.
204 watching
0
Investor Insights
star iconJun 3, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Equinox Gold (EQX) is at a pivotal moment following its recent merger, positioning itself as the second-largest gold producer in Canada with significant production potential. However, experts express caution regarding gold prices, which may see a pullback in the short term. The company's balance sheet is better than before, and Newfoundland is deemed a relatively solid gold province for investment, but volatility is expected. The current CEO's strategy is seen as pivotal for navigating potential market issues. Investors are advised to brace for episodic rewards while recognizing that the broader gold market may experience a period of consolidation, marking the early stages of a longer bull market cycle.

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Consensus
Cautious
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Valuation
Fair Value
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Similar
Kinross, KGC
BUY
Precious metals Central banks are expanding balance sheets which makes precious metals bullish. Seven of the 10 top performers on the TSX this year have been gold stocks. He doesn't own many gold stocks, given gold price uncertainty, but he likes Equinox Gold for its growth profile.
BUY
They are merging with Lee Gold. You can't get much better in a management team. They are building up a base. It should do well.
PARTIAL SELL

Gold Gold has had a nice run, but is now toppy. It tends to meet resistance at the current level. If it does rise further, it won't go far. Take profits or sell outright.

DON'T BUY

She has not owned any gold for the longest time. She has been looking for opportunities where they can go higher without the commodity going higher. She is not sure about Equinox and it has not hit any of her screens yet.

BUY

His view on gold stocks is that there are three kinds of stocks. The large caps have a difficult time growing; the small caps are too risky and then there are the mid-tiers. The latter are the most attractive and more so are any that are about to become a mid-tier. He prefers EQX-X. Management has an impressive track record.

COMMENT
A new mine is coming into production. Earnings are expected to double in 2020. There should be reasonable appreciation in the cards. They are now harvesting from their previous capital expenditure. (Analysts’ price target is $12.09)
BUY

If it's gold, you have to own it. Don't worry if it doesn't have any earnings now. Underwater because of production costs, so they cut and cut. Now the leverage on the growth is unbelievable. Early innings, not too late. (Analysts’ price target is $2.08)

DON'T BUY

Will believe in the golds when inflation comes back. Historically, a great place to go when inflation rears its ugly head. Except inflation is not doing that right now. He doesn't own any gold stocks.

BUY

The Abu Dhabi sovereign fund put in $150 million the other day that wipes out almost all its debt. Interested junior to be in.

WATCH

It is an interesting company with assets in California and Brazil. They are ramping up production and there could be a re-valuation. It is not well owned institutionally. There could be an uplift in the valuation if they ramp up the new mine in Brazil. He has a lot of history with the asset in Brazil so is just watching it. It is too early for him right now.

PAST TOP PICK

(A Top Pick Nov 09/17, Down 1%) Chairman Ross Beaty is supposed to retire now, but he's had an amazing track record with four companies. The stock is a little down, because they had grown so fast that they had to do two stock issuances, which diluted the stock.

STRONG BUY

Stock continues to outperform time and time again. The chairman, whom he knows and admires, is the biggest shareholder and a superb manager.

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