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CIBC Reiterates Outperform Rating on Equinox Gold (EQX), Sees Current Gold Prices As Good Entry Point

Backed by one-year EPS and revenue growth estimates of 33.58% and 19.42%, respectively, Equinox Gold Corp. (NYSEAMERICAN:EQX) ranks among the best growth stocks to buy and hold in 2026.

Gold bars. Photo by Zlaťáky.cz on Pexels

Equinox Gold Corp. (NYSEAMERICAN:EQX) has no shortage of analyst enthusiasm behind it right now.

As of April 23, 2026, every single analyst covering Equinox Gold Corp. (NYSEAMERICAN:EQX) is on board with a Buy rating, and the consensus price target of $19.03 points to roughly 34% upside potential.

The one notable move came on April 21, when CIBC cut its price target to C$31 from C$32, a modest trim that did nothing to shake its conviction, as the firm held its “Outperform” rating on Equinox Gold Corp. (NYSEAMERICAN:EQX) firmly in place.

The move was part of a routine Q1 preview the firm put out covering the gold and base metals sector. CIBC’s overall tone on gold remained positive.

TheFly reported that the firm pointed out that gold had sold off about 20% from its January high and that Federal Reserve rate expectations have been shifting, both of which could help the metal bounce back. CIBC said it sees current gold prices as a good entry point and is also becoming more constructive on base metals, given supply constraints in that space.

Those views sit well alongside what the company shared in its April 9, 2026, operational update.

In the first quarter, Equinox Gold Corp. (NYSEAMERICAN:EQX) produced 197,628 ounces of gold, with 87,402 ounces from its Canadian assets. The company expects production to pick up through the second half, with Greenstone and Valentine both still in the process of ramping toward full production potential.

Meanwhile, operations at Valentine had a strong quarter.

The mine ran at 90% of its nameplate capacity on average throughout the quarter and actually surpassed that level, reaching 101% in February and March. Away from the mine site, Equinox Gold Corp. (NYSEAMERICAN:EQX) also made solid progress on its finances, paying down $990 million in debt and announcing a dividend of $0.015 per share, both of which point to a stronger financial position.

Looking ahead, management has plans to expand Castle Mountain and Los Filos, two assets it believes can collectively add more than 450,000 ounces to its annual production.

Equinox Gold Corp. (NYSEAMERICAN: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.

While we acknowledge the risk and potential of EQX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EQX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

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Co-Founder and Research Director at Insider Monkey

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