Shares of Equinox Gold Corp. (AMEX: EQX) soared 5.01% on Wednesday, despite the company reporting mixed third-quarter results that missed analysts' expectations on earnings but showed robust revenue growth.

The gold mining company reported adjusted earnings of $0.09 per share for the quarter ended September 30, falling short of the consensus analyst estimate of $0.12 per share. However, revenue for the quarter jumped 50.4% year-over-year to $428.4 million, narrowly missing the expected $437.84 million.

While the earnings miss initially weighed on the stock, investors appeared to focus on Equinox Gold's strong top-line growth and positive longer-term outlook from analysts. The company's shares have gained 9.8% so far this year, and analysts maintain a "buy" rating with a median 12-month price target of C$10.50, implying further upside potential.