Buy, Sell or Hold: Equinox Gold (EQX-T) — Stock Predictions at Stockchase

TSE:EQX

5.74

0.42 (6.82%) 1d

Showing 1 to 15 of 24 entries

Unspecified

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

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

(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

BUY

He thinks the takeout of PG is great. He holds both to benefit from long-term effects of inflation. EQX is well run, a buy, with a $12 price target.

Mining

PAST TOP PICK

(A Top Pick Nov 21/20, Down 37%) Fastest growth profile compared to peers.Talked to CEO recently. They are are a consolidator and thinking long term. The Green Stone project is very interesting - when up and running it will be the fourth largest gold project in Canada, Down 37% from Past Pick but one project shutdown has weighed on it. May buy more.

Mining

PAST TOP PICK

(A Top Pick Nov 16/20, Down 24%) He liked that they had such a strong growth profile. They are still able to grow their production.

Mining

BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has missed on most the 3 most recent results. The company has also had to temporarily suspend activities in a mine in Mexico but also announced positive news at their Brazil mine. Has solid cash balance, increasing equity position, low debt and good liquidity. A good price to enter. Unlock Premium - Try 5i Free

Mining

BUY

It is in the sweet spot, a cost profile with room for improvement and mines across 4 politically stable jurisdictions. It is his favourite gold stock in the sector.

Mining

TOP PICK

The opportunities are right for improvement. Seven operating mines over politically stable jurisdictions. It has the fastest growth profile over 3 years and yet it has one of the biggest discounts. The reason is because so much of their assets are tied up in future-dated projects. The opportunity is that 3 of 4 development projects are teed up to come on line over the next three years. As they reach milestones it will dissipate the discount on their share price. (Analysts’ price target is $17.89)

Mining

TOP PICK

Really good entry point. $14 price target. Very well executing company. No dividend. (Analysts’ price target is $18.33)

Mining

TOP PICK

It is the only publically traded gold producers that has the following: It is in the sweet spot in terms of size as a mid-tier, it has a cost structure that has room for improvement, it has multiple producing assets all in politically stable jurisdictions, it offers fully funded growth projects, it has high insider ownership at 8.5%, and it has proven leadership. It just announced acquisition of Premier Gold. It trades at a discount. (Analysts’ price target is $22.75)

Mining

TOP PICK

If you could buy only one gold stock, make it this one. This is the sweet spot because it is mid-tier. It is not too big to grow, nor risky because of being too small. You don’t want the highest cost producer because it will have mines it probably should not have, nor the lowest cost because they don’t have room for improvement in cost structure. You want to own a company with multiple assets and in jurisdictions that are politically stable. You want them to have growth. You want to see high insider ownership and proven leadership. This is EQX-T. (Analysts’ price target is $23.25)

Mining

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.

Mining

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.

Mining

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.

Mining

Showing 1 to 15 of 24 entries

Equinox Gold(EQX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 4

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, 4 stock analysts published opinions about EQX-T. 4 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?

4 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 2022-06-30, Equinox Gold (EQX-T) stock closed at a price of $5.74.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.