EQX Price Target Raised as ATB Cormark Analyst Sees Value

Equinox Gold Corp. received a price-target increase from ATB Cormark Capital Markets on June 29. Analyst Richard Gray reiterated a Buy rating on the stock and raised his target, according to a report released that day.

The new target reflects Gray's view that EQX shares trade at a discount to peers in the gold mining space. Equity analysts typically adjust targets when valuation or production outlook shifts.

The company's next shareholder vote on the proposed Orla Mining merger is scheduled for July 22. That vote will determine whether the deal proceeds. The merger would combine two mid-tier gold producers and reshape EQX's asset base.

EQX's Alpha Score sits at 46 out of 100, a Mixed rating, according to AlphaScala's proprietary model. The EQX stock page provides additional data on valuation and insider activity. The EQX shareholder vote on the Orla merger is the next concrete event on the calendar.