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

Equinox Gold Corp. (TSE:EQX) has received a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have covered the stock in the last year is C$25.86.

Several research firms have recently commented on EQX. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$26.50 to C$32.00 in a report on Tuesday, February 24th. TD Securities increased their target price on Equinox Gold from C$21.00 to C$26.00 in a report on Thursday, January 22nd. Royal Bank Of Canada lifted their price target on shares of Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. National Bank Financial boosted their price target on shares of Equinox Gold from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Stifel Nicolaus upped their price objective on shares of Equinox Gold from C$25.00 to C$31.00 in a report on Tuesday, February 10th.

Equinox Gold Price Performance

EQX stock opened at C$21.69 on Tuesday. The company has a debt-to-equity ratio of 32.94, a current ratio of 1.56 and a quick ratio of 1.31. The company’s 50-day moving average is C$21.68 and its 200-day moving average is C$18.32. The stock has a market capitalization of C$17.10 billion, a PE ratio of 61.97 and a beta of 2.44. Equinox Gold has a 1 year low of C$7.71 and a 1 year high of C$25.87.

Equinox Gold (TSE:EQX) last issued its earnings results on Wednesday, February 18th. The company reported C$0.48 EPS for the quarter. Equinox Gold had a return on equity of 4.68% and a net margin of 9.71%. Equities research analysts expect that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

Equinox Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.06 annualized dividend and a dividend yield of 0.3%.

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.