TD Reiterates “C$20.00” Price Target for Equinox Gold (TSE:EQX)

Equinox Gold (TSE:EQX) received a C$20.00 price target from stock analysts at TD in a report issued on Tuesday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 27.88% from the company’s current price.

A number of other equities analysts also recently issued reports on EQX. Scotiabank upgraded shares of Equinox Gold to a “strong-buy” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Equinox Gold from C$31.00 to C$27.00 in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, Equinox Gold has an average rating of “Buy” and an average price target of C$24.50.

Equinox Gold Price Performance

TSE:EQX traded down C$0.01 during trading hours on Tuesday, hitting C$15.64. The company’s stock had a trading volume of 1,169,952 shares, compared to its average volume of 3,783,808. The business’s 50-day moving average is C$16.82 and its two-hundred day moving average is C$16.59. The company has a market capitalization of C$18.26 billion, a PE ratio of 14.48 and a beta of 3.28. The company has a debt-to-equity ratio of 9.15, a quick ratio of 1.31 and a current ratio of 1.33. Equinox Gold has a 52-week low of C$11.91 and a 52-week high of C$25.87.

Equinox Gold (TSE:EQX) last released its earnings results on Wednesday, August 5th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$1.09 billion during the quarter. Equinox Gold had a return on equity of 13.85% and a net margin of 26.36%. As a group, research analysts anticipate that Equinox Gold will post 1.39 EPS 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.