Brokerages Set Equinox Gold Corp. (TSE:EQX) Price Target at C$25.86

Equinox Gold Corp. (TSE:EQX) has earned an average recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$25.86.

A number of equities research analysts recently weighed in on the company. National Bank Financial upped their price target on Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Cormark decreased their target price on Equinox Gold from C$22.50 to C$21.00 in a research report on Tuesday, December 16th. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to an “outperform” rating and upped their target price for the company from C$26.50 to C$32.00 in a report on Tuesday, February 24th. TD Securities raised their price target on Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus lifted their price target on Equinox Gold from C$25.00 to C$31.00 in a research note on Tuesday, February 10th.

Equinox Gold Stock Up 0.0%

Shares of TSE EQX opened at C$20.33 on Friday. The stock has a market capitalization of C$16.04 billion, a price-to-earnings ratio of 58.09 and a beta of 2.75. Equinox Gold has a 52 week low of C$7.71 and a 52 week high of C$25.87. The firm has a 50-day moving average price of C$21.08 and a 200 day moving average price of C$19.06. The company has a quick ratio of 1.31, a current ratio of 1.56 and a debt-to-equity ratio of 32.94.

Equinox Gold (TSE:EQX) last issued its 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 9.71% and a return on equity of 4.68%. Equities research analysts anticipate that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

Equinox Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th were given a dividend of $0.015 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.06 dividend on an annualized basis and a yield of 0.3%.

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.