Equinox Gold Completes Acquisition of Calibre Mining, Strengthening Position in Gold Production

Equinox Gold ( (TSE:EQX) ) just unveiled an update.

Equinox Gold Corp. has completed its acquisition of Calibre Mining Corp., forming a diversified gold producer with operations across the Americas, anchored by two major Canadian mines. This merger enhances Equinox Gold’s position as the second largest gold producer in Canada, providing a robust platform for increased production and long-term value creation, backed by a strong leadership team.

The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.

Spark’s Take on TSE:EQX Stock

According to Spark, TipRanks’ AI Analyst, TSE:EQX is a Neutral.

Equinox Gold’s overall score reflects strong financial performance and strategic corporate developments, such as the merger with Calibre Mining, which provide growth potential. However, technical indicators and operational challenges, particularly at Los Filos, temper the outlook.

To see Spark’s full report on TSE:EQX stock, click here.

More about Equinox Gold

Equinox Gold Corp. is a Canadian mining company focused on growth through high-quality, long-life gold operations in Canada and the Americas. The company, founded by mining entrepreneur Ross Beaty, is committed to operational excellence and long-term value creation, offering investors a diversified portfolio and a clear path to growth.

Average Trading Volume: 1,770,136

Technical Sentiment Signal: Hold

Current Market Cap: C$3.86B

See more insights into EQX stock on TipRanks’ Stock Analysis page.