EQX Equinox Gold Corp. Loading... : Bullish and Bearish Analyst Opinions
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18:25
Jul 03
Jul 03
Equinox Gold deeply undervalued at 0.5x NAV
Equinox Gold trades at a deep discount to NAV (0.5x) compared to peers (7-8x) following its merger with Orla Mining. The combined company will produce ~1.1 Moz/year, mostly in safe jurisdictions (Canada/US), with strong management (Darren Hall, Jason Simpson, Chuck Jeannes) and backing from legends like Ross Beaty, Pierre Lassonde, and Prem Watsa. A 70% annual production growth rate over the next 5 years and a re-rating opportunity make the stock a compelling value play.
HIGH
00:15
Mar 11
Mar 11
The most recent numbers we saw out of the mining companies, they reflected on average like $4,100 gold, $4,200 gold. Gold's 5200 today. They're incredibly cash flow positive... guess what the miners are doing? They're buying back stock. Because miners are modeling their businesses on lower gold prices, current spot prices will result in massive earnings surprises. Furthermore, using this excess cash flow to buy back shares creates a constant bid under the stock, driving EPS growth and multiple expansion. LONG. The combination of extreme earnings leverage to the gold price and aggressive share buybacks provides a strong fundamental tailwind for miners. A sudden collapse in the spot price of gold or operational/geopolitical failures at specific mine sites.
About EQX Analyst Coverage
Buzzberg tracks EQX (Equinox Gold Corp.) across 1 sources. 2 bullish vs 0 bearish calls from 2 analysts. Sentiment: predominantly bullish (100%). 2 total trade ideas tracked. Latest voices: Ryan King, George Noble.