Equinox Gold (TSE:EQX) Rating Increased to Strong-Buy at Cibc Captl Mkts

Cibc Captl Mkts upgraded shares of Equinox Gold (TSE:EQX) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on EQX. 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 World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Royal Bank Of Canada boosted their target price on shares of Equinox Gold from C$19.00 to C$25.00 in a report on Wednesday, December 10th. CIBC upgraded Equinox Gold from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$21.50 to C$31.00 in a report on Wednesday. Finally, National Bankshares dropped their price objective on shares of 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. Three investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat.com, Equinox Gold currently has an average rating of “Buy” and a consensus price target of C$24.86.

Equinox Gold Trading Up 1.5%

Shares of EQX opened at C$20.90 on Tuesday. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The stock has a market cap of C$16.40 billion, a price-to-earnings ratio of 209.00 and a beta of 2.32. Equinox Gold has a 1-year low of C$7.71 and a 1-year high of C$23.49. The firm has a 50 day simple moving average of C$20.10 and a 200-day simple moving average of C$15.98.

Equinox Gold (TSE:EQX) last posted its quarterly earnings data 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 net margin of 19.82% and a return on equity of 8.67%. Equities analysts forecast that Equinox Gold will post 1.3865979 EPS 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.