Brokerages Set Equinox Gold Corp. (TSE:EQX) Target Price at C$25.07

Equinox Gold Corp. (TSE:EQX) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$25.07.

Several analysts have commented on the company. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Friday, November 7th. BMO Capital Markets boosted their target price on Equinox Gold from C$18.00 to C$20.00 in a report on Thursday, November 6th. National Bank Financial cut their price target 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. Canadian Imperial Bank of Commerce downgraded Equinox Gold from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$31.00 to C$26.50 in a report on Thursday, February 5th. Finally, TD Securities lifted their price objective on shares of Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd.

Equinox Gold Stock Up 5.0%

Shares of TSE:EQX opened at C$21.53 on Friday. Equinox Gold has a fifty-two week low of C$7.71 and a fifty-two week high of C$23.49. The firm’s 50 day moving average price is C$20.30 and its 200 day moving average price is C$16.63. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. The stock has a market cap of C$16.90 billion, a price-to-earnings ratio of 215.30 and a beta of 2.32.

Equinox Gold (TSE:EQX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share (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%. As a group, equities research analysts predict that Equinox Gold will post 1.3865979 earnings per share 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.