Is Equinox Gold (EQX) One of the Most Buzzing Stocks to Buy with Huge Upside Potential?

Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the most buzzing stocks to buy with huge upside potential. On October 15, Michael Siperco from RBC Capital maintained a Buy rating on Equinox Gold.

Earlier on October 10, CIBC upgraded Equinox Gold to Outperformer from Neutral, with a C$22 price target on the shares. The firm adjusted its ratings in the precious metals sector due to valuations.

CIBC’s sentiment came as part of its broader increase in price targets in the precious metals sector, which reflects its higher gold price forecasts. The firm now projects gold will reach $4,500 per ounce in both 2026 and 2027. CIBC also raised its silver forecasts, seeing the metal hitting $55 per ounce in 2026 and 2027.

Equinox Gold Corp. (NYSEAMERICAN:EQX) acquires, explores, develops, and operates mineral properties in the Americas. The company primarily explores gold and silver deposits.

While we acknowledge the potential of EQX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.