Equinox Gold Corp. (TSE:EQX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Equinox Gold Corp. (TSE:EQX) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$25.07.

A number of equities analysts have weighed in on the stock. Cormark dropped their price target on shares of Equinox Gold from C$22.50 to C$21.00 in a research report on Tuesday, December 16th. National Bank Financial dropped their target price on shares of Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating for the company in a report on Wednesday, January 7th. Stifel Nicolaus increased their price target on Equinox Gold from C$25.00 to C$31.00 in a research note on Tuesday. Canadian Imperial Bank of Commerce downgraded Equinox Gold from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$31.00 to C$26.50 in a research report on Thursday, February 5th. Finally, BMO Capital Markets upped their price objective on Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th.

Equinox Gold Stock Performance

Shares of EQX opened at C$20.50 on Friday. The business has a 50-day simple moving average of C$20.25 and a two-hundred day simple moving average of C$16.43. 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 52 week low of C$7.71 and a 52 week high of C$23.49. The stock has a market cap of C$16.09 billion, a price-to-earnings ratio of 205.00 and a beta of 2.32.

Equinox Gold (TSE:EQX) last announced its quarterly earnings data 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%. On average, analysts expect that Equinox Gold will post 1.3865979 EPS for the current 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.