Investing in quality stocks trading below their intrinsic value is a proven strategy to generate outsized gains. In the last five years, gold prices have risen at an astonishing pace due to multiple factors, including the COVID-19 pandemic, geopolitical tensions, and the ongoing trade war. However, shares of several gold mining stocks are trading below all-time highs, allowing you to buy the dip.
In this article, I have identified one TSX gold stock down 46% that you can buy right now. Let’s see why I am bullish on this undervalued TSX stock in May 2025.
Is this TSX gold stock undervalued?
Valued at a market cap of $4.3 billion, Equinox Gold (TSX:EQX) went public in March 2017. In the last eight years, the gold stock has returned less than 25% to shareholders, trailing the broader markets by a wide margin.
Equinox acquires, explores, and operates mineral properties in the Americas. It primarily explores gold and silver deposits…
