Update shared on04 Sep 2025
Fair value Increased 2.99%The consensus analyst price target for Equinox Gold has been modestly raised to CA$12.73, reflecting improved free cash flow prospects and increased scale following the Calibre Mining acquisition, though execution and sector risks temper optimism.
Analyst Commentary
- Acquisition of Calibre Mining has positioned Equinox Gold as a major gold producer, anchored by significant assets such as the Greenstone and Valentine mines in Canada.
- Bullish analysts highlight expectations for substantial free cash flow generation and an improving balance sheet following recent corporate actions.
- Despite operational improvements and scale, shares are seen as still discounted relative to senior gold peers, providing perceived upside potential.
- Bearish analysts note increased price target moderation due to lingering sector or execution risks, leading to slight target reductions notwithstanding maintained positive outlooks.
- Neutral perspectives reflect a balanced view of recent corporate developments, operational improvements, and prevailing industry risks, resulting in modest upward target revisions.
What's in the News
- The Valentine Gold Mine in Newfoundland is expected to produce 175,000–200,000 ounces annually over 12 years, with significant resource upside and ongoing exploration indicating potential for additional open pit development within a 32-km mineralized trend.
- 2025 consolidated gold production guidance was raised to 785,000–915,000 ounces, up from previous guidance of 635,000–750,000 ounces.
- The Castle Mountain Mine Phase Two Project in California has entered the FAST-41 program, streamlining permitting with federal approval expected by December 2026 to support project expansion.
- At the El Limon Mine Complex in Nicaragua, recent drilling has uncovered the highest-grade gold mineralization to date, expanding resources at Talavera (630,000 ounces Inferred) and indicating potential for meaningful resource growth and new discoveries.
- Darren Hall, previously President & COO, has been appointed CEO, bringing extensive industry experience and a track record of production growth, cost discipline, and value creation following the successful merger with Calibre Mining.
Valuation Changes
Summary of Valuation Changes for Equinox Gold
- The Consensus Analyst Price Target has risen slightly from CA$12.37 to CA$12.73.
- The Future P/E for Equinox Gold has significantly risen from 6.09x to 10.08x.
- The Consensus Revenue Growth forecasts for Equinox Gold has significantly fallen from 35.0% per annum to 31.2% per annum.
Disclaimer
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