Gold has topped $4,200. Here’s why Yardeni thinks the rally could go even higher.
Equinox Gold Corp stock recently reached a 52-week high, hitting a price of 11.9 USD, with InvestingPro data showing impressive revenue growth of 74% in the last twelve months. This milestone reflects a significant upward trend for the company, with its stock experiencing a notable 1-year change of 110.92%. The surge in Equinox Gold’s stock price underscores positive investor sentiment and potential growth prospects within the gold mining sector. According to InvestingPro analysis, while the company currently trades above its Fair Value, analysts anticipate profitability this year with forecasted earnings per share of $0.44. As the company continues to capitalize on favorable market conditions, stakeholders will be closely monitoring its performance and strategic initiatives moving forward. With a robust gross profit margin of 39% and eight additional exclusive ProTips available on InvestingPro, investors can access comprehensive insights into Equinox Gold’s financial health and growth potential.
In other recent news, Equinox Gold reported its Q2 2025 earnings, meeting EPS expectations and significantly surpassing revenue forecasts. The company achieved a revenue of $478.6 million, outperforming the anticipated $401.29 million, while EPS stood at $0.11, aligning with forecasts. In addition to these earnings results, RBC Capital upgraded Equinox Gold’s stock rating from Sector Perform to Outperform, citing a strong free cash flow outlook. RBC Capital has projected approximately $3.0 billion in free cash flow through the end of 2027, as Equinox Gold’s cornerstone mines at Greenstone and Valentine continue their ramp-up phase. These developments reflect positively on the company’s operational improvements and strategic initiatives. Meanwhile, gold’s recent surge to a new all-time high has also contributed to investor interest in mining stocks. Silver prices have similarly reached their highest level in over 14 years. These factors have collectively influenced investor sentiment towards Equinox Gold.
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