Update shared on16 Aug 2025
Fair value Increased 11%Analysts have raised Equinox Gold’s price target from CA$11.09 to CA$12.21, citing growth from acquisitions, flagship asset contributions to cash flow, and the company’s valuation discount despite sector headwinds.
Analyst Commentary
- Analysts cite the recent acquisition of Calibre Mining and the formation of a major gold producer as a key driver for the company’s growth profile.
- The addition of flagship assets (Greenstone and Valentine mines in Canada) is expected to contribute to substantial free cash flow and an improved balance sheet.
- Despite positive operational developments, analysts note that shares remain discounted relative to senior gold peers.
- Price targets have been slightly trimmed or moderately raised, reflecting a mix of optimism about operational execution and caution regarding valuation or sector headwinds.
- Outperform ratings persist among bullish analysts, while others retain neutral stances, resulting in mostly stable to slightly amended price targets.
What's in the News
- Castle Mountain Phase Two Project in California accepted into the FAST-41 federal permitting program, expected to streamline environmental reviews and reduce permitting timelines, with federal permitting anticipated to complete by December 2026.
- El Limon Mine Complex in Nicaragua reported highest-grade gold mineralization to date from its ongoing 2025 drill program, extending mineralized zones and delineating a new 630,000 ounce Inferred Mineral Resource at Talavera; active drilling and permitting continue to advance potential new production.
- Darren Hall appointed Chief Executive Officer, succeeding Greg Smith; Hall brings 40 years of mining industry experience and a record of operational excellence, previously transforming Calibre Mining into a high-performing producer prior to its merger with Equinox Gold.
- Q2 production totaled 219,122 ounces of gold, including significant contributions from Greenstone (51,274 oz) and Calibre assets (72,823 oz); YTD gold production reached 401,211 ounces (excluding Los Filos and Castle Mountain).
- Consolidated 2025 production guidance increased to 785,000–915,000 ounces of gold, up from prior guidance of 635,000–750,000 ounces.
Valuation Changes
Summary of Valuation Changes for Equinox Gold
- The Consensus Analyst Price Target has significantly risen from CA$11.09 to CA$12.21.
- The Future P/E for Equinox Gold has significantly risen from 4.94x to 8.69x.
- The Consensus Revenue Growth forecasts for Equinox Gold has significantly fallen from 42.8% per annum to 35.0% per annum.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.