Equinox Gold Discovers New Gold at Valentine Mine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy EQX?
Source: Newsfilter
Equinox Gold Corp's stock rose by 6.68% as it crossed above the 20-day SMA, reflecting positive investor sentiment following the announcement of a new gold discovery at the Valentine Mine.
The company confirmed a significant gold discovery in the Minotaur Zone, with drilling results showing grades up to 22.10 g/t over 6.30 meters. This discovery highlights the potential for resource expansion and the development of a new open pit, which could extend the current mine plan. Equinox Gold plans to conduct extensive drilling in 2026 to further explore this promising area.
This discovery not only enhances Equinox Gold's resource potential but also demonstrates the company's commitment to leveraging technology in exploration, which could lead to increased shareholder value.
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Analyst Views on EQX
Wall Street analysts forecast EQX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQX is 15.89 USD with a low forecast of 13.68 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 13.740
Low
13.68
Averages
15.89
High
18.00
Current: 13.740
Low
13.68
Averages
15.89
High
18.00
About EQX
Equinox Gold Corp. is a Canadian mining company. It is focused on the gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Its operating mines include Greenstone, Valentine, Mesquite, Nicaragua Ops: Libertad; Nicaragua Ops: Limon. Its growth projects include Castle Mountain Phase 2, and Los Filos Expansion. Greenstone is a multi-million-ounce gold project located in the top-tier mining jurisdiction of Ontario, Canada, approximately 275 km northeast of Thunder Bay in Geraldton, Ontario. Mesquite is an open pit, run-of-mine heap leach gold mine located in Imperial County, California, United States of America, approximately 200 miles south of its Castle Mountain Mine, 16 miles west of the state border with Arizona and 24 miles north of the border with Mexico. Libertad Mine and Mill is located approximately 110 km east of the capital of Managua. The Limon Mine & Mill is located in western Nicaragua.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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