Equinox Gold (TSE:EQX) Price Target Raised to C$20.00

Equinox Gold (TSE:EQX) had its price objective boosted by TD from C$18.00 to C$20.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 17.37% from the company’s previous close.

Several other equities research analysts also recently commented on EQX. Scotiabank upgraded Equinox Gold to a “strong-buy” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce cut their target price on Equinox Gold from C$31.00 to C$27.00 in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, Equinox Gold has an average rating of “Buy” and an average target price of C$24.50.

Equinox Gold Stock Up 5.4%

Shares of EQX traded up C$0.87 during trading hours on Thursday, hitting C$17.04. The stock had a trading volume of 1,571,082 shares, compared to its average volume of 3,813,635. The company has a debt-to-equity ratio of 9.15, a current ratio of 1.33 and a quick ratio of 1.31. The firm has a 50 day simple moving average of C$15.54 and a 200-day simple moving average of C$17.26. The firm has a market capitalization of C$19.89 billion, a P/E ratio of 15.78 and a beta of 3.35. Equinox Gold has a 1-year low of C$11.91 and a 1-year high of C$25.87.

Equinox Gold (TSE:EQX) last issued its earnings results on Wednesday, August 5th. The company reported C$0.21 EPS for the quarter. Equinox Gold had a return on equity of 13.85% and a net margin of 26.36%.The business had revenue of C$1.09 billion during the quarter. Sell-side analysts predict that Equinox Gold will post 1.3865979 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.