Equinox Gold (TSE:EQX) Stock Price Expected to Rise, National Bank Financial Analyst Says

Equinox Gold (TSE:EQX) had its price objective hoisted by investment analysts at National Bank Financial from C$25.00 to C$26.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 12.85% from the company’s current price.

A number of other brokerages have also recently issued reports on EQX. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th. BMO Capital Markets boosted their price objective on Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th. Royal Bank Of Canada raised their target price on shares of Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Canadian Imperial Bank of Commerce downgraded shares of Equinox Gold from an “outperform” rating to a “hold” rating and reduced their price target for the company from C$31.00 to C$26.50 in a research report on Thursday, February 5th. Finally, TD Securities increased their price target on shares of Equinox Gold from C$21.00 to C$26.00 in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Equinox Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.07.

Equinox Gold Trading Down 0.9%

Shares of Equinox Gold stock opened at C$23.04 on Friday. 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 company has a fifty day simple moving average of C$20.53 and a 200-day simple moving average of C$17.05. The stock has a market cap of C$18.08 billion, a price-to-earnings ratio of 230.40 and a beta of 2.32. Equinox Gold has a 12-month low of C$7.71 and a 12-month high of C$24.17.

Equinox Gold (TSE:EQX) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.48 earnings per share for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. On average, equities analysts forecast that Equinox Gold will post 1.3865979 EPS for the current fiscal 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.