Recent Analysts’ Ratings Updates for Equinox Gold (EQX)

A number of firms have modified their ratings and price targets on shares of Equinox Gold (TSE: EQX) recently:

• 12/16/2025 – Equinox Gold was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating. They now have a C$21.50 price target on the stock, down previously from C$23.00.
• 12/16/2025 – Equinox Gold had its price target lowered by analysts at Cormark from C$22.50 to C$21.00.
• 12/15/2025 – Equinox Gold was downgraded by analysts at Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating.
• 12/10/2025 – Equinox Gold had its price target raised by analysts at Royal Bank Of Canada from C$19.00 to C$25.00.
• 12/9/2025 – Equinox Gold had its price target raised by analysts at National Bankshares, Inc. from C$23.00 to C$28.00. They now have an “outperform” rating on the stock.
• 12/2/2025 – Equinox Gold had its price target raised by analysts at TD Securities from C$20.00 to C$22.00. They now have a “buy” rating on the stock.
• 12/2/2025 – Equinox Gold was given a new C$24.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
• 12/1/2025 – Equinox Gold was upgraded by analysts at Stifel Canada to a “strong-buy” rating.
• 11/20/2025 – Equinox Gold had its price target raised by analysts at CIBC from C$22.00 to C$23.00. They now have an “outperform” rating on the stock.
• 11/7/2025 – Equinox Gold was upgraded by analysts at Scotiabank from a “hold” rating to an “outperform” rating.
• 11/6/2025 – Equinox Gold had its price target raised by analysts at BMO Capital Markets from C$18.00 to C$20.00.

Equinox Gold Corp is a Canadian-based gold mining company engaged in the exploration, development and production of gold assets across the Americas. The company focuses on operating and advancing assets that can deliver sustainable gold production through modern mining methods and responsible environmental practices.

Equinox Gold’s operating portfolio includes the Los Filos mine in Mexico, the Mesquite and Castle Mountain mines in California, and the Aurizona mine in Brazil. These assets employ a combination of heap‐leach and carbon‐in‐leach processing techniques to produce gold doré, while ongoing exploration programs seek to expand mineral reserves and extend mine life at each site.

Since its formation, Equinox Gold has grown through strategic acquisitions and organic project development, building a pipeline of development‐stage and advanced exploration properties across North and South America.