- Equinox Gold (EQX, Financial) sees a 3.6% stock increase following key endorsements for its Calibre Mining acquisition.
- Analysts project a 36.54% upside potential with an average price target of $9.94.
- GuruFocus estimates reveal a downside of 7.97% with a GF Value of $6.70.
Equinox Gold (EQX) recently saw a 3.6% uptick in its stock price, driven by strong endorsements from Institutional Shareholder Services and Glass Lewis for its planned acquisition of Calibre Mining. This strategic merger is set to position Equinox as a prominent player in the gold production sector, boosting its operational capacity and financial outlook.
Wall Street Analysts' Forecast
According to insights from one Wall Street analyst, Equinox Gold Corp (EQX, Financial) has a one-year average price target of $9.94. This estimate ranges from a high of $9.94 to a low of $9.94, indicating a potential upside of 36.54% from its current share price of $7.28. For more detailed forecasts, you can visit the Equinox Gold Corp (EQX) Forecast page.
The consensus from one brokerage firm rates Equinox Gold Corp (EQX, Financial) with an average brokerage recommendation of 2.0, signifying an "Outperform" status. This rating scale ranges from 1, indicating Strong Buy, to 5, suggesting a Sell recommendation.
Analyzing GF Value Estimates
Per GuruFocus calculations, the estimated GF Value for Equinox Gold Corp (EQX, Financial) over the coming year stands at $6.70. This estimation implies a potential downside of 7.97% relative to the current market price of $7.28. The GF Value reflects the stock's fair trading value based on its historical trading multiples, historical growth, and anticipated business performance. For a deeper dive into the metrics, visit the Equinox Gold Corp (EQX) Summary page.
