Professional
Added to YB: 2026-01-20
Pitch date: 2026-01-16
EQX [neutral]
Equinox Gold Corp.
+0.94%
current return
Author Info
Massif Capital invests in Basic Materials, Energy, and Industrial businesses, creating a unique portfolio that produces uncorrelated long-term capital appreciation. Follow on Twitter/X.
Company Info
Equinox Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in the Americas.
Market Cap
CAD 13.3B
Pitch Price
CAD 20.14
Price Target
22.00 (+8%)
Dividend
0.36%
EV/EBITDA
15.30
P/E
-560.87
EV/Sales
8.00
Sector
Metals and Mining
Category
value
Massif Capital Portfolio Holding: Equinox Gold Corp.
EQX (holding update): Up 179% in 2025, portfolio's top contributor at 11.8% of returns. Trading below $20-22 price target at $3,675/oz gold. Strong ops momentum, balance sheet deleveraging via Brazilian asset sales. At $4k/oz gold (12% below spot), estimates $1.5B FCF = 13.1% yield on debt-free basis. Capital returns likely.
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