Equinox Gold (TSE:EQX) Price Target Raised to C$26.00 at TD Securities

Equinox Gold (TSE:EQX) had its price objective upped by TD Securities from C$21.00 to C$26.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on EQX. Cibc Captl Mkts cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. BMO Capital Markets raised their price target on Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. Cormark decreased their price objective on Equinox Gold from C$22.50 to C$21.00 in a research report on Tuesday, December 16th. National Bankshares lowered their target price on Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Wednesday, January 7th. Finally, Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$23.36.

Equinox Gold Stock Up 7.2%

Shares of TSE EQX opened at C$22.02 on Thursday. Equinox Gold has a 52-week low of C$7.71 and a 52-week high of C$22.12. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. The stock has a market cap of C$17.28 billion, a P/E ratio of 220.20 and a beta of 2.69. The firm has a 50 day moving average price of C$19.45 and a 200 day moving average price of C$15.12.

Equinox Gold (TSE:EQX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. The company had revenue of C$1.14 billion for the quarter. Analysts expect that Equinox Gold will post 1.3865979 EPS for the current year.

About Equinox Gold

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.