Equinox Gold Corp. (TSE:EQX) Given Consensus Recommendation of “Buy” by Brokerages

Equinox Gold Corp. (TSE:EQX) has received a consensus recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$23.07.

EQX has been the subject of a number of recent analyst reports. Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th. Stifel Canada raised Equinox Gold to a “strong-buy” rating in a research report on Monday, December 1st. Cibc Captl Mkts downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. TD Securities increased their target price on shares of Equinox Gold from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Finally, 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.

Equinox Gold Stock Down 2.2%

EQX stock opened at C$19.96 on Thursday. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65. The firm has a 50-day moving average of C$17.78 and a two-hundred day moving average of C$13.45. Equinox Gold has a 12 month low of C$7.13 and a 12 month high of C$20.78. The company has a market cap of C$15.66 billion, a price-to-earnings ratio of 199.60 and a beta of 2.58.

Equinox Gold (TSE:EQX) last posted its quarterly 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 during the quarter. As a group, analysts forecast that Equinox Gold will post 1.3865979 earnings per share 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.