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Stifel Bullish on Equinox Gold (EQX) As Valentine Progress Accelerates

With a low forward price-to-earnings multiple and significant hedge fund interest, Equinox Gold Corp. (NYSEAMERICAN:EQX) secures a spot on our list of the 12 cheap gold stocks to buy now.

On December 12, 2025, Equinox Gold Corp. (NYSEAMERICAN:EQX) reached its new 52-week high of $15.10, following a strong 2025 run, recording a 196% gain in the year alone.

Amid this strong momentum, Stifel initiated coverage on Equinox Gold Corp. (NYSEAMERICAN:EQX) with a “Buy” rating and a C$24 price target on December 2, 2025, according to The Fly. The firm’s bullish stance reflects the company’s significant progress in Canada, where it is beginning to realize the full value of its portfolio. As a result, Stifel expects Equinox to see production growth and rising cash flow, which will drive its growth outlook.

This follows the company’s November 18 update, which detailed its achievement of commercial production at its 100%-owned Valentine Gold Mine in Newfoundland and Labrador. Representing a significant expansion of Equinox Gold Corp. (NYSEAMERICAN:EQX)’s Canadian footprint, the operation has ramped up ahead of schedule, as plant availability, throughput, and recoveries exceeded commissioning expectations. Over the past 60 days, as of the announcement date, the process plant averaged over 5,400 tons per day and gold recoveries of over 93%. With this achievement, management sees Valentine delivering toward the higher end of its Q4 production range and reaching nameplate capacity by Q2 2026, boosting the company’s annual output.

Meanwhile, Valentine’s operational momentum was evident in Equinox Gold Corp. (NYSEAMERICAN:EQX)’s Q3 2025 results released on November 5. The quarter saw commissioning progress smoothly, throughput climb steadily, and October performance exceed 90% of nameplate capacity.

Thus, Equinox Gold Corp. (NYSEAMERICAN:EQX) looks to end the year on a high note, as Valentine transitions from commissioning into full-scale production.

Equinox Gold Corp. (NYSEAMERICAN:EQX), a Canadian-based gold producer, operates and develops mines across the Americas.

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.

READ NEXT: 10 Best Small-Cap Biotech Stocks to Buy According to Analysts and 11 Overlooked Tech Stocks to Invest In.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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