PAST TOP PICK
Equinox Gold
(A Top Pick May 25/22, Down 10%)

Market concern for hard rock project in Ontario.
History or development in Ontario is bad.
Market worried about project cost blowout.
Current projects are on time, and within cost estimates.
Political worries in Mexico appear to have been resolved. 

Mining
Unspecified
Equinox Gold

It has benefited from better gold prices and its large Greenstone Project is on budget and time for completion next year. There is a major exploration and feasibility study coming out in the next few months. It is a show me story.

Mining
TRADE
Equinox Gold

Trapped in a base for most of 2022. Now breaking out, and that's being tested. As long as it successfully holds around $6, you're good to go. If it breaks for a number of days, get out. If it bounces from $6 and lasts a few days, he'd rather buy around $6.20 than buy today and watch it break. Not a bad-looking chart for a trade.

Mining
Unspecified
Equinox Gold

The Greenstone project in Ontario is its flagstone project and so far is on time and budget. It should be up and running by mid 2024.

Mining
BUY
Equinox Gold

Prospects are hinging on hard rock deposits in Ontario. Past projects not completed on time. Believes the company will be able to complete on time and on budget. If so, the stock will get a rerating. Team is led by Ross Beatty who he has done business with for many years. They have a graest track record.

Mining
HOLD
Equinox Gold

He is bullish on gold but considers Equinox a hold. It is trading at a discount to the Book Value of $14 per share.

Mining
WATCH
Equinox Gold

On an uptrend over the last 6 months but especially the past month. You can buy a partial position today and watch it for a while for a possible second position. Expect shares to come back down in the next month or two.

Mining
HOLD
Equinox Gold
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

EPS of $0.027 beat estimates of ($0.044) and revenues of $352.16M missed expectations of $361.39M. 
The stock rose as better-than-expected adjusted EBITDA helped to lift the name and as its guidance for CAPEX was less than expected. 
Management noted this was its strong quarter of production at the lowest costs for the year. 
Significant progress was made at its mines and it is well-funded to complete construction at Greenstone for the first half of 2024. 
The results largely looked strong, but the name has not held up as well as the underlying price of gold and the company's debt levels are quite high. We would consider it to be OK at current levels, although its high leverage does present some level of concern for us. 
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Mining
Unspecified
Equinox Gold
He likes gold in general. Equinox has consolidated after months of of downturn, same as gold itself. If it breaks out it could double. Gold needs to break out too - $2000 would be good.
Mining
HOLD
Equinox Gold
Humbling. Aggressive growth profile. Highest torque to gold prices. Gold is stagnant, production has come off, costs rising, lower grade production, weather impact in Brazil. Lower USD benefits gold price. Boom around the corner. Ontario project doing well. Keep.
Mining
PAST TOP PICK
Equinox Gold
(A Top Pick May 22/22, Down 40%) Gold sector highly impacted with rising interest rates. Expensive mine in Northern Canada creating difficulties. Operating problems in West Mexico have been addressed. Cost creep across portfolio causing headache. Still confident in stock. Current share price presenting buying opportunity.
Mining
DON'T BUY
Equinox Gold
If gold continues lower, we could see a bit more weakness, but he doesn't think this one's going to zero. You'd have to look at its cost of production. If the USD comes off, gold could go up a bit, but he wouldn't be stepping into gold right now.
Mining
Unspecified
Equinox Gold
Can't predict where gold goes from here but at least it hasn't really gone down. Equinox will have a more active second half - there was a shortfall in first half production. Two other major gold companies had massive cost overruns which has affected thee price of Equinox. However their budgets were set before inflationary pressures. Equinox set its budget after inflation became an issue so it is standing by its numbers. It is a prove-it-to-me story.
Mining
TOP PICK
Equinox Gold
Premier consolidator in the space. Likes the gold space. Likes management, whose skills mitigate downside risk. Sold off because of cost overruns at other Canadian construction projects. Will weather the storm and go materially higher. Within striking distance of 1M ounces of annual production. No dividend. (Analysts’ price target is $12.18)
Mining
PAST TOP PICK
Equinox Gold
(A Top Pick May 17/21, Down 36%) It did not have good quarterly results. Production was lighter than expected but this should be temporary in nature. There are also cost concerns since other companies (two in particular) are showing big cost over-runs with inflation. However Equinox announced its capital expenditure after inflation had already started to appear so it is already factored in. There is insider buying by the CEO, President, COO and Investor Relations.
Mining
Showing 1 to 15 of 36 entries

Equinox Gold(EQX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for Equinox Gold is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Equinox Gold(EQX-T) Frequently Asked Questions

What is Equinox Gold stock symbol?

Equinox Gold is a Canadian stock, trading under the symbol EQX-T on the Toronto Stock Exchange (EQX-CT). It is usually referred to as TSX:EQX or EQX-T

Is Equinox Gold a buy or a sell?

In the last year, 5 stock analysts published opinions about EQX-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Equinox Gold.

Is Equinox Gold a good investment or a top pick?

Equinox Gold was recommended as a Top Pick by on . Read the latest stock experts ratings for Equinox Gold.

Why is Equinox Gold stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Equinox Gold worth watching?

5 stock analysts on Stockchase covered Equinox Gold In the last year. It is a trending stock that is worth watching.

What is Equinox Gold stock price?

On 2023-09-29, Equinox Gold (EQX-T) stock closed at a price of $5.71.