Is Equinox Gold (EQX) the Best Precious Metal Stock to Buy After the U.S. Venezuela Mission?

Equinox Gold Corp. (NYSE:EQX) is one of the 10 Best Precious Metal Stocks to Buy After the U.S. Venezuela Mission.

Over the last six months, Equinox Gold Corp. (NYSE:EQX) has skyrocketed by over 141% as of January 9. Of the nine analysts covering EQX, eight have rated the stock a Buy, with a median price target of $17.05. The median price target suggests an upside of almost 16.47%.

The firm CBIC is the only one holding a Hold rating on Equinox Gold Corp. (NYSE:EQX) shares. On December 15, Anita Soni from CBIC downgraded EQX from Buy to Hold, slightly lowering the price target from $15.92 to $15.56.

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In other news, on December 14, Equinox Gold reported that it has agreed to sell its 100% stake in Aurizona Mine, RDM Mine, and Bahia Complex in Brazil. CMOC will purchase these sites from Equinox Gold, with the seller receiving a total amount of $1.015 billion. Equinox will receive an upfront cash payment of $900 million at closing and the remaining $115 million in a product-linked contingent cash payment payable after one year of closing of the deal.

Management plans to strengthen its balance sheet through this sale and repay its $500 million term loan and $300 million Sprott loan. The goal is to reduce the revolving credit facility, leading to a strong balance sheet and lower interest expense. Following the completion of the transaction, Equinox Gold will focus on Valentine and Greenstone mines in Canada, Mesquite in California, and the El Limón and Libertad mines in Nicaragua. From these North American mines, the company projects a total gold production of 700,000 to 800,000 ounces in 2026.

As Equinox Gold Corp. (NYSE:EQX) turns its focus to North American operations, analysts from Stifel and RBC Capital maintain Buy ratings, with price targets of $17.36 and $18.09 as of December 16 and 10, 2025, respectively.

Equinox Gold Corp. (NYSE:EQX) focuses on the acquisition, exploration, and development of mineral properties in the Americas. Equinox’s core focus remains on exploring gold and silver.

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Disclosure: None. This article is originally published at Insider Monkey.