As previously reported, Scotiabank upgraded Equinox Gold (EQX) to Outperform from Sector Perform with an unchanged price target of C$19. The firm views the company as well positioned to achieve a significant inflection point in free cash flow generation with Greenstone’s mine and mill ramp up improving going into Q4 and Valentine having completed its first gold pour and set to achieve nameplate capacity by Q2 of 2026, the analyst tells investors following Equinox Gold’s Q3 conference call.
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