RBC Capital upgraded Equinox Gold (EQX) to Outperform from Sector Perform with a price target of C$17, up from C$11. 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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQX:
- Equinox Gold price target raised to C$17 from C$11 at RBC Capital
- Equinox Gold call volume above normal and directionally bullish
- Equinox Gold price target raised to C$15 from C$13 at TD Securities
- Equinox Gold’s Earnings Call Highlights Operational Gains
- Equinox Gold Advances Canadian Operations with Key Milestones and Leadership Enhancements