Equinox Gold Corp. (NYSE:EQX) is one of the 10 undervalued growth stocks for the next 5 years. CIBC analyst Anita Soni upgraded Equinox Gold Corp. (NYSE:EQX) from Neutral to Outperformer on February 4. She also raised the firm’s price target on the stock from C$21.50 to C$31. The upgrade reflects CIBC’s more bullish outlook on the gold market, as the firm increased its gold price assumptions to $6,000 per ounce in 2026, $6,500 per ounce in 2027, and $6,000 per ounce in 2028. The firm believes the same demand drivers that supported gold prices in 2025 are likely to carry over into 2026.
On February 2, Equinox Gold Corp. (NYSE:EQX) released updated results from its 2025 diamond drilling program at the Valentine Gold Mine in Newfoundland & Labrador, Canada. The update highlights a newly identified gold discovery, along with continued success in expanding mineralization across the property. The company said drilling confirmed the discovery of the Minotaur Zone, a new gold zone located roughly 8 km northwest of the mill, where results revealed broad intervals of high-grade mineralization. Looking ahead, the company plans an expanded exploration effort in 2026, targeting about 100 kilometers of drilling across the Valentine property.
Darren Hall, Chief Executive Officer of Equinox Gold, said:
These latest drill results continue to strengthen our confidence in the scale and quality of the Valentine Gold District. At the Frank Zone, located outside of current Resources, we are seeing consistent, high-grade gold mineralization over broad widths, supporting the potential for a new open pit capable of contributing to both production growth and mine life extension beyond the current 14-year mine plan.
Equinox Gold Corp. (NYSE:EQX) is involved in the exploration, operation, acquisition, and development of mineral properties in the Americas. It mainly explores silver and gold deposits. The company was founded in 2007 and is based in Vancouver, Canada.
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Disclosure: None. This article is originally published at Insider Monkey.
