BMO Capital Raises PT on Equinox Gold Corp. (EQX) Following Strong Q2 Results

Equinox Gold Corp. (NYSE:EQX) is included in our list of the 10 Unstoppable Canadian Stocks to Buy Now.

BMO Capital raised its price target on Equinox Gold Corp. (NYSE:EQX) from $8.29 to $9.38, maintaining an ‘Outperform’ rating, following the company’s strong Q2 results.

In the second quarter, Equinox Gold Corp. (NYSE:EQX) beat BMO’s $0.04 estimate and the $0.03 consensus, recording adjusted EPS of $0.11. The company’s earnings were driven by lower-than-expected all-in sustaining cost of $1,959 per ounce, compared to forecasts of $2,242.

Furthermore, Equinox Gold Corp. (NYSE:EQX) recorded strong operational progress at the Greenstone project and steady advancement at the Valentine project, which is scheduled for first production in late Q3. This developmental progress further boosted investor confidence. Looking ahead, the investment firm expects the company’s balance sheet to strengthen on the back of rising cash flows in the second half of 2025.

With its operations in the Americas, Mexico, Brazil, and Canada, Equinox Gold Corp. (NYSE:EQX) explores, develops, and operates gold and silver projects. It is one of the unstoppable stocks.

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