The Globe and Mail reports in its Thursday, Sept. 11, edition that RBC Capital analyst Michael Siperco has raised his recommendation for Equinox Gold to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Siperco's share target soared $6 to $17. Analysts on average target the shares at $13.07. Mr. Siperco says in a note: "While questions remain across the portfolio, we see ample opportunities for significant value creation to stay engaged. Our higher target reflects a 15-per-cent increase in the gold price forecast through 2030 ($3,550/oz average). ... Our upgrade to 'outperform' stems from the more than $3-billion in forecast FCF through [2027,] even as cornerstone mines (Greenstone/Valentine) ramp up with no production expected from Los Filos -- enough to eliminate debt at spot prices by [2026] without relying on potential asset sales. Equinox Gold trades at a discount to peers on NAV and especially FCF, offering strong rerating potential into 2026 with limited downside." The Globe reported on July 17 that TD Cowen analyst Wayne Lam had elevated his recommendation for Equinox Gold to "buy" from "hold." It was then worth $8.60.
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