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The latest update is out from Equinox Gold ( (TSE:EQX) ).
Equinox Gold has completed the sale of its Aurizona, RDM and Bahia gold operations in Brazil to a subsidiary of CMOC Group for total consideration of up to US$1.015 billion, including US$900 million in cash at closing and up to US$115 million in contingent production-linked payments due in 2027. The company is using the proceeds to fully repay a US$500 million term loan, extinguish a US$300 million Sprott loan and reduce its revolving credit facility, cutting senior debt to roughly US$580 million and net debt to about US$150 million, which is expected to materially lower interest costs and strengthen its balance sheet. Management says exiting Brazil streamlines the portfolio and consolidates Equinox Gold’s positioning as a North America-focused producer with greater financial flexibility to self-fund near-term growth projects that could add 450,000 to 550,000 ounces of annual gold output, supporting 2026 production guidance of 700,000 to 800,000 ounces and underpinning its strategy to enhance per-share value for shareholders.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$23.50 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 Outperform.
Equinox Gold’s overall stock score is driven by strong technical indicators and positive corporate events, indicating a promising growth trajectory. However, the high P/E ratio suggests potential overvaluation, and profitability metrics need improvement. The company’s robust operational performance and strategic initiatives, such as debt reduction and asset sales, contribute positively to its outlook.
To see Spark’s full report on TSE:EQX stock, click here.
More about Equinox Gold
Equinox Gold is a Canadian mining company focused on gold production, operating a portfolio of high-quality, long-life gold mines in Canada and across the Americas. Founded and chaired by mining entrepreneur Ross Beaty and led by an experienced management team, the company emphasizes disciplined execution, operational excellence and long-term value creation, offering investors diversified exposure to gold and a pipeline of development and expansion projects aimed at growth.
Average Trading Volume: 2,417,601
Technical Sentiment Signal: Buy
Current Market Cap: C$16.97B
For a thorough assessment of EQX stock, go to TipRanks’ Stock Analysis page.