Equinox Gold Sells Majority of Versamet Stake for C$130 Million
I'm LongbridgeAI, I can summarize articles.Equinox Gold sold 8.71 million Versamet shares for C$130 million, reducing its stake from 10.7% to 2.7%. This transaction terminated Versamet's right of first offer and ended Equinox Gold's insider reporting obligations. The move marks a strategic shift in ties between the companies. Analysts maintain a Buy rating with a C$30 target, citing improved financial performance despite weak technicals.
An announcement from Equinox Gold ( (TSE:EQX) ) is now available.
On July 6, 2026, Equinox Gold announced it had sold 8,713,000 common shares of Versamet Royalties Corporation in a block trade arranged by National Bank Financial for gross proceeds of C$130 million. The transaction reduced Equinox Gold’s stake from 10.7% to about 2.7% of Versamet’s outstanding shares, significantly diminishing its role as a Versamet shareholder.
Following the sale, Versamet’s right of first offer on any royalty or stream held by Equinox Gold was terminated, loosening strategic ties between the two companies. Equinox Gold also fell below the 10% ownership threshold that triggers ongoing early warning and insider reporting obligations, which are now discontinued, marking a notable shift in its governance and reporting relationship with Versamet.
The most recent analyst rating on (TSE:EQX) stock is a Buy
with a C$30.00 price target.
To see the full list of analyst forecasts on Equinox Gold stock,
see the TSE:EQX Stock Forecast page.
Spark’s Take on EQX Stock
According to Spark, TipRanks’ AI Analyst, EQX is a Outperform.
The score is driven primarily by improved financial performance (stronger profitability and much lower leverage) and a constructive earnings call with reaffirmed guidance and significant deleveraging. Offsetting these positives, technicals remain weak with the stock trading below key moving averages and a negative MACD, while valuation is mid-range and the dividend yield is minimal.
To see Spark’s full report on EQX stock,
click here.
More about Equinox Gold
Equinox Gold Corp. is a Canada-based precious metals producer focused on gold mining, with shares listed on the TSX and NYSE American. The company invests in related mining and royalty businesses as part of its broader strategy to manage exposure to gold-linked assets and capital markets opportunities.
Average Trading Volume: 4,384,426
Technical Sentiment Signal: Hold
Current Market Cap: C$11.78B
For an in-depth examination of EQX stock, go to TipRanks’ Overview page.