Equinox Gold Corp (EQX)

A Schedule 13G filing reveals that a group of investors, including V. Prem Watsa and Fairfax Financial Holdings Limited, beneficially own 75,943,806 common shares of Equinox Gold Corp. (EQX), representing 6.4% of the company's common shares. The ownership percentage is calculated based on 1,167,459,822 common shares outstanding as of August 5, 2026, and includes the conversion of all warrants held by the reporting persons. The filing specifies shared voting and dispositive power among the reporting entities, while explicitly disclaiming definitive beneficial ownership for certain regulatory purposes.

Equinox Gold (TSX:EQX) has secured a significant federal Record of Decision for its South Railroad gold project in Nevada, removing a major regulatory hurdle for development. This permit advances the company's North American gold pipeline, allowing early construction activities to begin. While the milestone strengthens project visibility and potential future production, the company's long-term success will hinge on effective project execution, cost control, and consistent operational performance across its expanding portfolio.

Equinox Gold (TSX:EQX) has received a key federal permit for its South Railroad project in Nevada, allowing early construction to begin. This development comes after a significant increase in the company's share price, raising questions about whether the potential upside is already reflected in its current valuation of CA$19.07, compared to a projected fair value of CA$25.22. While the narrative suggests the stock is undervalued, potential risks like lower-than-expected grades and regulatory challenges remain.

Equinox Gold (TSX:EQX) has received a positive federal Record of Decision for its South Railroad project in Nevada, allowing early construction to begin. While the company's share price has seen significant momentum recently, with a 30-day return of 45.8% and a 1-year return of 70.66%, analysts believe it is still undervalued by 24.4% at CA$25.22 against its current CA$19.07. However, the article also notes that the market's P/E ratio for Equinox Gold is 32.6x, much higher than its peers and a fair ratio, suggesting potential valuation risk if sentiment shifts.

Quantbot Technologies LP recently acquired 353,237 shares of Equinox Gold Corp. for approximately $3.43 million during the second quarter. Despite missing some earnings estimates, Equinox Gold reported significant year-over-year revenue growth and increased its quarterly dividend. Analysts generally maintain a "Buy" rating for the stock, with an average price target of $13.00.