RBC Capital Maintains Outperform Rating on Equinox (EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the 10 Undervalued Counter Cyclical Stocks to Buy Now.

On June 8, 2026, RBC Capital lowered the firm’s price target on Equinox Gold Corp. (NYSEAMERICAN:EQX) to $14 from $17 and maintained an Outperform rating on the shares. RBC said scale, high growth, and geographic exposure have been key aspects of the company’s ORLA deal. The firm added that, compared with its positive first impressions of the transaction, its view is now more balanced, with a more mixed valuation implication.

On May 13, 2026, Equinox Gold Corp. (NYSEAMERICAN:EQX) and Orla Mining (ORLA) announced a definitive arrangement agreement for an at-market combination to create a new North American senior gold producer. The combined company is expected to have approximately 1.1M ounces of annual gold production and an $18.5B implied market capitalization. Equinox will acquire all issued and outstanding common shares of Orla, and the combined company will continue under the name Equinox Gold Corp.

RBC Capital Maintains Outperform Rating on Equinox (EQX)

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Meanwhile, on May 14, 2026, Stifel raised the firm’s price target on Equinox Gold Corp. (NYSEAMERICAN:EQX) to C$35 from C$31 and maintained a Buy rating on the shares.

Earlier in May, Equinox Gold reported Q1 adjusted EPS of 40c, compared with consensus of 29c, and revenue of $861.6M, compared with consensus of $865.91M. CEO Darren Hall said the company produced 197,628 ounces of gold during the quarter, with cash costs of $1,633 per oz and all-in sustaining costs of $1,950 per oz.

Equinox Gold Corp. (NYSEAMERICAN:EQX) acquires, explores, develops, and operates mineral properties in the Americas.

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