BMO Capital analyst Kevin O’Halloran resumed coverage of Equinox Gold (EQX) with an Outperform rating and price target of C$11, down from C$11.50. Equinox has closed its acquisition of Calibre Mining, resulting in the formation of a major gold producer anchored by the Greenstone and Valentine mines in Canada, the analyst tells investors in a research note. BMO expects “substantial” free cash flow and an improving balance sheet, and says the shares remain discounted versus Equinox’s senior peers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQX:
- Equinox Gold Completes Acquisition of Calibre Mining, Strengthening Position in Gold Production
- Equinox Gold price target lowered to C$9.50 from C$10 at CIBC
- Equinox Gold price target lowered to C$12 from C$14 at National Bank
- Equinox Gold Updates 2025 Guidance Amid Calibre Integration and Greenstone Challenges
- Equinox Gold price target lowered to C$14 from C$15.50 at National Bank