Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the best commodity stocks to buy for the supercycle. Stifel lifted the price target on Equinox Gold Corp. (NYSEAMERICAN:EQX) to C$35 from C$31 on May 14, reiterating a Buy rating on the shares.
In a separate development, Equinox Gold Corp. (NYSEAMERICAN:EQX) and Orla Mining announced on May 13 the signing of a definitive arrangement agreement for an at-market combination for the creation of a new North American senior gold producer with around 1.1 million ounces of anticipated annual gold production and an $18.5 billion implied market capitalization.
Management further reported that the combined company would be anchored by three long-life Canadian gold mines, set up for more than 1.9 million ounces of annual gold production from an internally funded North American growth pipeline. According to the terms of the agreement, Equinox Gold Corp. (NYSEAMERICAN:EQX) will acquire all issued and outstanding common shares of Orla pursuant to a court-approved plan of arrangement, with the combined company continuing under the name “Equinox Gold Corp.”
Equinox Gold Corp. (NYSEAMERICAN:EQX) is a mining company involved in the exploration of gold mining properties. The company’s operations are divided into the following segments: Greenstone, Mesquite, Castle Mountain, Los Filos, Aurizona, Fazenda, RDM, Santa Luz, and Corporate.
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