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Investor Insights

This summary was created by AI, based on 10 opinions in the last 12 months.

Equinox Gold has a strong potential for leverage to increasing gold prices, with the new project coming online to reduce operating costs. However, there are concerns about the company's track record in Ontario and Quebec, although some experts believe the stock will rerate if the projects are completed on time and on budget. The stock is currently trading at a discount to its book value, and has shown positive movement in its chart recently.

Consensus
Hold
Valuation
Undervalued
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Newcrest Mining, NCMGY
BUY
Equinox Gold

It is now completing financing which gives it full ownership of a key asset, Lion Mine, which will lower the average cost of production and is in a good jurisdiction. It will be worth 60% of the value of the whole company. The stock is down because of a miss on market expectations and a decrease in production but we can expect more production in the second half. The first gold should be poured this month at the Greenstone mine. National Bank is rating it a buy because their holdings are low risk, being in Ontario. With the rising gold price, gold stocks have a chance to run up.

Mining
COMMENT
Equinox Gold

As the new project comes on line this should bring the operating costs down. With its higher costs this gives it more leverage to increasing gold prices.

Mining
WEAK BUY
Equinox Gold

Their Greenstone project is planned to start up middle this year, and it's on time and on budget. However, the gold stocks haven't risen along with the price of gold. In the last 40 years, the gold price has risen 34% during an easing cycle following the last rate hike of the tightening cycle. If we are entering an easing cycle, the gold price will hit $2,500. EQX has great exposure to the price of gold.

Mining
BUY
Equinox Gold

Highly leveraged to the price of gold. Generally, stock is very cheap. Would recommend a small position. Buy on share price weakness. Company is high quality overall. 

Mining
TOP PICK
Equinox Gold

Underperformed because of operational difficulty in existing deposits and because of current large build in Ontario. Ontario and Quebec have an abysmal record for being on time or on budget. He thinks they'll make it and then the stock will rerate substantially. No dividend.

(Analysts’ price target is $8.11)
Mining
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
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Equinox Gold(EQX-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

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. 5 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 2024-05-24, Equinox Gold (EQX-T) stock closed at a price of $7.64.