Equinox Gold (TSE:EQX) Stock Rating Upgraded by Cibc Captl Mkts

Equinox Gold (TSE:EQX) was upgraded by equities research analysts at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the company. National Bankshares decreased their target price on Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Cormark lowered their target price on Equinox Gold from C$22.50 to C$21.00 in a research report on Tuesday, December 16th. Royal Bank Of Canada lifted their price target on shares of Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Stifel Nicolaus upped their price objective on shares of Equinox Gold from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Equinox Gold presently has a consensus rating of “Buy” and a consensus price target of C$24.21.

Equinox Gold Trading Down 9.9%

Equinox Gold stock traded down C$2.07 during trading hours on Tuesday, reaching C$18.83. 3,599,502 shares of the company’s stock were exchanged, compared to its average volume of 2,964,693. The firm has a market capitalization of C$14.78 billion, a PE ratio of 188.30 and a beta of 2.32. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. The firm’s 50 day simple moving average is C$20.10 and its 200 day simple moving average is C$15.98. Equinox Gold has a twelve month low of C$7.71 and a twelve month high of C$23.49.

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