BMO Capital Raises PT on Equinox Gold Corp. (EQX) Following Strong Q2 Results

Equinox Gold Corp. (NYSE:EQX) is included in our list of the 10 Unstoppable Canadian Stocks to Buy Now.

BMO Capital Raises PT on Equinox Gold Corp. (EQX) Following Strong Q2 Results

A closeup image of a miner holding a pile of gold nuggets, a representation of the company’s royalty.

BMO Capital raised its price target on Equinox Gold Corp. (NYSE:EQX) from $8.29 to $9.38, maintaining an ‘Outperform’ rating, following the company’s strong Q2 results.

In the second quarter, Equinox Gold Corp. (NYSE:EQX) beat BMO’s $0.04 estimate and the $0.03 consensus, recording adjusted EPS of $0.11. The company’s earnings were driven by lower-than-expected all-in sustaining cost of $1,959 per ounce, compared to forecasts of $2,242.

Furthermore, Equinox Gold Corp. (NYSE:EQX) recorded strong operational progress at the Greenstone project and steady advancement at the Valentine project, which is scheduled for first production in late Q3. This developmental progress further boosted investor confidence. Looking ahead, the investment firm expects the company’s balance sheet to strengthen on the back of rising cash flows in the second half of 2025.

With its operations in the Americas, Mexico, Brazil, and Canada, Equinox Gold Corp. (NYSE:EQX) explores, develops, and operates gold and silver projects. It is one of the unstoppable stocks.

While we acknowledge the potential of EQX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EQX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.