Equinox Gold Corp. (TSE:EQX) Receives Average Recommendation of “Buy” from Analysts

Equinox Gold Corp. (TSE:EQXGet Rating) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$13.00.

A number of research firms recently commented on EQX. Stifel Nicolaus reaffirmed a “buy” rating and issued a C$17.00 price target on shares of Equinox Gold in a research note on Thursday, February 10th. National Bank Financial lowered their target price on Equinox Gold to C$12.25 and set an “outperform” rating for the company in a research note on Tuesday, December 21st. BMO Capital Markets lowered their target price on Equinox Gold to C$14.50 and set a “market perform” rating for the company in a research note on Tuesday, December 21st. Finally, Desjardins downgraded Equinox Gold from a “buy” rating to a “hold” rating and set a C$10.75 target price for the company. in a research note on Wednesday, January 26th.

EQX stock traded down C$0.26 during midday trading on Tuesday, reaching C$10.84. The company had a trading volume of 211,545 shares, compared to its average volume of 894,007. The company has a market capitalization of C$3.28 billion and a price-to-earnings ratio of 5.06. The stock has a 50 day moving average price of C$9.76 and a 200-day moving average price of C$9.16. Equinox Gold has a 1-year low of C$6.99 and a 1-year high of C$11.49. The company has a debt-to-equity ratio of 22.66, a current ratio of 2.89 and a quick ratio of 1.48.

Equinox Gold (TSE:EQXGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported C$0.28 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.22 by C$0.06. The company had revenue of C$480.60 million during the quarter. As a group, research analysts anticipate that Equinox Gold will post 0.66 earnings per share for the current year.

About Equinox Gold (Get Rating)

Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

Read More

Analyst Recommendations for Equinox Gold (TSE:EQX)

Receive News & Ratings for Equinox Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinox Gold and related companies with MarketBeat.com's FREE daily email newsletter.