Equinox Gold (EQX) Just Cleared A Major Roadblock, Is The Stock Ready To Skyrocket?

Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the Top 10 Extreme Value Stocks To Buy Now. According to a report released on June 29, ATB Cormark Capital Markets analyst Richard Gray reiterated a Buy rating on Equinox Gold Corp. (NYSEAMERICAN:EQX) while increasing the price target. The analyst raised the firm's price target on the stock from $20.4 to $21.11. The revised price target implies an impressive 108% upside from current levels. The firm's adjusted price target is close to the median Wall Street analysts' price target of $21.83.

Earlier, on June 25, Equinox Gold Corp. (NYSEAMERICAN:EQX) announced that it has secured 20-year land access agreements with the three communities surrounding its Los Filos Mine in Mexico. This allows the company to move forward with a gradual restart of heap leach operations. It will also continue technical studies to assess expansion opportunities, including a carbon-in-leach ("CIL") processing facility.

Chief Executive Officer of Equinox Gold, Darren Hall, remarked:

"We appreciate the constructive engagement with the communities of Carrizalillo, Mezcala, and Xochipala that host our multi-million-ounce Los Filos Mine. These new 20-year agreements reflect a shared commitment to responsible operations and sustainable benefits over time and provide an important foundation for strengthening our long-term relationship with the communities and fostering an environment that supports future investment and long-term value creation."

Equinox Gold Corp. (NYSEAMERICAN:EQX) is involved in the exploration, operation, acquisition, and development of mineral properties in the Americas. It mainly explores silver and gold deposits. The company was founded in 2007 and is based in Vancouver, Canada.

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