5 Best Affordable Growth Stocks to Buy for the Next 5 Years

3. Equinox Gold Corp. (NYSE:EQX)

On March 30, BMO Capital analyst Kevin O’Halloran gave Equinox Gold Corp. (NYSE:EQX) a Buy rating while setting a price target of $18.67. The firm’s assigned price target implies an additional 29% upside from the current levels.

On the same day, Equinox Gold Corp. (NYSE:EQX) published updated technical reports for its Valentine mine in Newfoundland & Labrador and Greenstone mine in Ontario. The reports show that, based only on Proven and Probable reserves, the two mines are expected to produce a combined average of approximately 543,000 ounces of gold per year from 2026 to 2036. The company also reported total group inventories of 19 million ounces in Mineral Reserves, 1 million ounces in Inferred Resources, and 19 million ounces in Measured and Indicated Resources (excluding reserves). This further highlights the size and long-term potential of its production base.

Equinox Gold Corp. (NYSE:EQX) is scaling up operations at Greenstone to a steady capacity of 27,000 tonnes per day, aiming for annual gold production of 320,000 ounces over the next few years. Additional gains are expected from higher mill throughput, regional exploration, and underground resource conversion. At Valentine, a Phase 2 expansion starting in the third quarter of 2026 will double the plant throughput to 5.0 Mtpa, aiming for 223,000 ounces annually.

Equinox Gold Corp. (NYSE: EQX) is a mining company that focuses on exploring, acquiring, developing, and operating mineral properties across the Americas. The company mainly produces and sells gold and silver through its mining operations. It also offers gold production and development services with its primary customers including global refiners, bullion dealers, and gold investors. It was founded in 2007 and is headquartered in Vancouver, Canada.