RBC Capital lowered its price target on Equinox Gold Corp. to $14 from $17 while maintaining an Outperform rating, citing a more balanced view of the company's ORLA deal with mixed valuation implications. The firm noted that scale, high growth, and geographic exposure were key aspects of the transaction. Equinox and Orla Mining announced a definitive arrangement agreement on May 13, 2026, to create a combined North American senior gold producer with expected annual production of approximately 1.1 million ounces and an implied market capitalization of $18.5 billion. Separately, Stifel raised its price target on Equinox to C$35 from C$31 and kept a Buy rating. Equinox reported first-quarter adjusted earnings per share of 40 cents, beating the consensus estimate of 29 cents, on revenue of $861.6 million.
Equinox Gold CorpRBC Capital maintains Outperform rating and Stifel raises price target; Q1 earnings beat consensus.
Orla Mining LtdOrla Mining is the acquisition target in the ORLA deal, with mixed valuation implications noted by RBC.