Equinox Gold (TSE:EQX) Given a C$24.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a C$24.00 target price on Equinox Gold (TSE:EQX) in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts have also commented on EQX. Cibc World Mkts raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Cormark upgraded shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th. National Bankshares boosted their price target on shares of Equinox Gold from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. BMO Capital Markets increased their price objective on shares of Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th. Finally, Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$22.40.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at C$19.51 on Tuesday. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The firm has a market cap of C$15.31 billion, a price-to-earnings ratio of 195.10 and a beta of 2.41. The stock’s 50-day moving average is C$16.57 and its 200-day moving average is C$12.32. Equinox Gold has a one year low of C$7.13 and a one year high of C$19.97.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share (EPS) 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. Equities analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current fiscal year.

Insider Transactions at Equinox Gold

In related news, Director Blayne Barry Johnson sold 105,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total value of C$1,565,550.00. Following the completion of the sale, the director directly owned 1,706,616 shares in the company, valued at approximately C$25,445,644.56. This trade represents a 5.80% decrease in their position. Also, insider David Chester Schummer purchased 9,100 shares of Equinox Gold stock in a transaction that occurred on Thursday, September 11th. The shares were acquired at an average price of C$15.20 per share, with a total value of C$138,320.00. Following the acquisition, the insider directly owned 168,222 shares of the company’s stock, valued at C$2,556,974.40. This trade represents a 5.72% increase in their position. 6.40% of the stock is currently owned by corporate insiders.

About Equinox Gold

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.