Equinox Gold (TSE:EQX) Lowered to Neutral Rating by CIBC

CIBC cut shares of Equinox Gold (TSE:EQX) from an outperform rating to a neutral rating in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have C$26.50 price objective on the stock, down from their prior price objective of C$31.00.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada upped their price target on shares of Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Scotiabank raised shares of Equinox Gold from a “hold” rating to an “outperform” rating in a report on Friday, November 7th. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Cormark dropped their price target on shares of Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. Finally, BMO Capital Markets upped their price objective on Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$24.21.

Equinox Gold Stock Performance

EQX stock opened at C$18.83 on Thursday. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. Equinox Gold has a 1 year low of C$7.71 and a 1 year high of C$23.49. The company has a market cap of C$14.78 billion, a P/E ratio of 188.30 and a beta of 2.32. The stock’s fifty day moving average price is C$20.10 and its 200-day moving average price is C$16.00.

Equinox Gold (TSE:EQX) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. Equinox Gold had a return on equity of 8.67% and a net margin of 19.82%.The company had revenue of C$1.14 billion during the quarter. On average, equities analysts forecast that Equinox Gold will post 1.3865979 earnings per share 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.