(TSX.V: EQX) - OTC: EQXFF In the junior producers’ space, the bank said that it likes Equinox Gold, increasing its price target to $1.85 a share.
“Equinox has transitioned from developer to multi-asset producer, with the acquisition of Mesquite in 2018 followed by commercial production at Aurizona announced on July 1, 2019,” the analysts said. “We continue to expect a re-rate in 2019 as the company improves its production profile, a trend that should continue into 2020. The scarcity of quality, mid-tier, multi-asset producers creates a niche market for Equinox to target.”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.