Stifel Nicolaus Issues Positive Forecast for Equinox Gold (TSE:EQX) Stock Price

Equinox Gold (TSE:EQX) had its price objective lifted by Stifel Nicolaus from C$25.00 to C$31.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets upped their target price on shares of Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th. Cibc Captl Mkts downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a report on Friday, November 7th. National Bankshares reduced their price objective on Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Equinox Gold from C$19.00 to C$25.00 in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Equinox Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$25.07.

Equinox Gold Price Performance

Shares of TSE EQX opened at C$21.52 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. Equinox Gold has a fifty-two week low of C$7.71 and a fifty-two week high of C$23.49. The business has a 50 day moving average price of C$20.17 and a two-hundred day moving average price of C$16.36. The firm has a market cap of C$16.89 billion, a PE ratio of 215.20 and a beta of 2.32.

Equinox Gold (TSE:EQX) last released its earnings results on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. The company had revenue of C$1.14 billion during the quarter. Equinox Gold had a return on equity of 8.67% and a net margin of 19.82%. Sell-side analysts expect 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.