Brokerages Set Equinox Gold Corp. (TSE:EQX) Price Target at C$22.79

Shares of Equinox Gold Corp. (TSE:EQX) have been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$23.36.

Several equities research analysts have recently commented on EQX shares. Cibc Captl Mkts cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Royal Bank Of Canada upped their price target on Equinox Gold from C$19.00 to C$25.00 in a research note on Wednesday, December 10th. BMO Capital Markets lifted their price objective on Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Finally, Stifel Nicolaus set a C$24.00 target price on shares of Equinox Gold and gave the company a “buy” rating in a research report on Tuesday, December 2nd.

Equinox Gold Trading Up 0.6%

Shares of TSE EQX opened at C$22.15 on Monday. Equinox Gold has a 1-year low of C$7.71 and a 1-year high of C$22.39. The company has a 50-day moving average of C$19.53 and a two-hundred day moving average of C$15.32. The company has a market cap of C$17.38 billion, a PE ratio of 221.50 and a beta of 2.69. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65.

Equinox Gold (TSE:EQX) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. The business had revenue of C$1.14 billion during the quarter. As a group, equities 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.