Track record · closed signal

Equinox Gold Corp (EQX) — closed signal from June 17, 2026

Target reached Published before the outcome was known, scored automatically when the window closed on September 15, 2026 — +0.4% at the close.

Predicted vs. what happened

EQX price · publication thesis → realized outcomesplit-adjusted

$11.30 – $11.90Entry zone — fair-value band

$11.81Published — price the day we called it

$13.70Target — the price the thesis aimed for

$14.08Peak — highest point inside the window, not a realized return

$11.86Window close — end-of-window price, context only

What happened

Target reached

Reached its target in 68 days.

At window close

+0.4%

realized, from the publication price to the last close inside the window

Peak gain

+19.2%

peak, from the publication price — not a realized return

S&P 500, same window

+2.5%

SPY over the identical days, dividend-adjusted

Window close

$11.86

last close inside the window, ended September 15, 2026

Peak price

$14.08

peak on August 25, 2026 — not a realized return

Days to target

The thesis — published June 17, 2026

Predicted growth

+16%

over the measurement window

Target price

$13.70

the price the thesis aimed for

Entry zone

$11.30 – $11.90

the fair-value band we waited for

Price at publication

$11.81

published June 17, 2026

Confidence

71%

how strongly the data lined up

Timeframe

Short-term (0–3 months)

Equinox Gold offers exposure to rising gold prices with a recent merger that could make the company bigger and attract more investor interest. A recent earnings miss and the challenges of combining companies keep confidence limited. Price is sensitive to gold moves, but the near-term price setup looks constructive for a measured 0-3 month gain.

Primary drivers

Merger with Orla could increase gold output and scale
Growing operations make the company more sensitive to gold strength
Current valuation looks appealing if gold stays strong
Integration of the merger and gold sensitivity may raise volatility

How it played out

EQX: target reached in 68 days

Lyra published EQX at $11.81 with an expected gain of 16% over the short term. The thesis pointed to the Orla merger as a way to increase output and scale. It also cited exposure to gold strength and an appealing valuation, while merger integration and sensitivity to gold limited confidence.

EQX reached the $13.70 target in 68 days. It peaked at $14.08 on August 25, a gain of 19.2%. The price then fell and ended the window at $11.86. The thesis played out within the measurement window, although most of the gain had faded by the end.

What happened during the window

On July 31, 2026, Equinox Gold reported that it had completed its combination with Orla Mining. On August 5, 2026, the company reported its second-quarter results and raised its 2026 production guidance.

Prices are shown split- and dividend-adjusted, matching what public charts show today.

Lyra

Read the next call before it closes.

This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.

See today’s picks All EQX signals