Equinox Gold (TSE:EQX) Price Target Raised to C$25.00

Equinox Gold (TSE:EQX) had its target price upped by research analysts at Stifel Nicolaus from C$24.00 to C$25.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 10.77% from the company’s previous close.

A number of other research firms have also recently issued reports on EQX. National Bankshares cut their target price on shares of Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Wednesday, January 7th. Royal Bank Of Canada increased their price target on shares of Equinox Gold from C$19.00 to C$25.00 in a report on Wednesday, December 10th. Cormark reduced their price objective on Equinox Gold from C$22.50 to C$21.00 in a report on Tuesday, December 16th. Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Friday, November 7th. Finally, TD Securities boosted their price target on Equinox Gold from C$21.00 to C$26.00 in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Equinox Gold currently has an average rating of “Buy” and an average price target of C$23.50.

Equinox Gold Stock Performance

Shares of EQX traded up C$0.42 during mid-day trading on Monday, reaching C$22.57. The company’s stock had a trading volume of 2,800,898 shares, compared to its average volume of 2,591,266. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65. Equinox Gold has a 1-year low of C$7.71 and a 1-year high of C$23.49. The business has a 50-day simple moving average of C$19.53 and a two-hundred day simple moving average of C$15.32. The stock has a market cap of C$17.71 billion, a P/E ratio of 225.70 and a beta of 2.69.

Equinox Gold (TSE:EQX) last posted its earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share for the quarter. Equinox Gold had a return on equity of 8.67% and a net margin of 19.82%.The business had revenue of C$1.14 billion for the quarter. As a group, equities research analysts anticipate that Equinox Gold will post 1.3865979 earnings per share for the current fiscal year.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian-based gold mining company engaged in the exploration, development and production of gold assets across the Americas. The company focuses on operating and advancing assets that can deliver sustainable gold production through modern mining methods and responsible environmental practices.

Equinox Gold’s operating portfolio includes the Los Filos mine in Mexico, the Mesquite and Castle Mountain mines in California, and the Aurizona mine in Brazil. These assets employ a combination of heap‐leach and carbon‐in‐leach processing techniques to produce gold doré, while ongoing exploration programs seek to expand mineral reserves and extend mine life at each site.

Since its formation, Equinox Gold has grown through strategic acquisitions and organic project development, building a pipeline of development‐stage and advanced exploration properties across North and South America.