RBC Capital raised the firm’s price target on Equinox Gold (EQX) to C$17 from C$11 and keeps an Outperform rating on the shares. The firm’s upgrade stems from the C$3.0B in forecast free cash flows through 2027-end, even as cornerstone mines ramp up with no production expected from Los Filos, the analyst tells investors in a research note. The stock also trades at a discount to peers on net asset value and especially on free cash flow multiple, offering strong re-rating potential into 2026, RBC adds.
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