Equinox Gold Corp. (TSE:EQX) Receives Average Recommendation of “Buy” from Analysts

Equinox Gold Corp. (TSE:EQX) has been given a consensus rating of “Buy” by the nine research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$14.22.

Several equities research analysts have weighed in on EQX shares. BMO Capital Markets lowered their target price on Equinox Gold to C$14.50 and set a “market perform” rating for the company in a report on Tuesday, December 21st. dropped their target price on shares of Equinox Gold to C$10.00 and set a “buy” rating on the stock in a report on Tuesday, September 21st. Royal Bank of Canada reissued a “hold” rating and set a C$12.00 target price on shares of Equinox Gold in a research report on Tuesday, September 21st. CIBC reaffirmed a “neutral” rating and issued a C$10.50 price target on shares of Equinox Gold in a research report on Wednesday, October 27th. Finally, National Bank Financial cut their price objective on shares of Equinox Gold to C$12.25 and set an “outperform” rating on the stock in a report on Tuesday, December 21st.

EQX traded down C$0.15 on Friday, reaching C$8.58. 317,377 shares of the company traded hands, compared to its average volume of 603,474. The company has a market cap of C$2.58 billion and a P/E ratio of 4.62. The company has a quick ratio of 1.79, a current ratio of 2.67 and a debt-to-equity ratio of 25.39. Equinox Gold has a one year low of C$7.53 and a one year high of C$13.38. The firm has a fifty day simple moving average of C$8.97 and a two-hundred day simple moving average of C$8.80.

Equinox Gold (TSE:EQX) last posted its quarterly earnings results on Wednesday, November 3rd. The company reported C$0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.05). The firm had revenue of C$308.66 million for the quarter. On average, equities analysts forecast that Equinox Gold will post 0.7799999 earnings per share for the current year.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the Fazenda gold mine located in Bahia State; the RDM gold mine located in Minas Gerais State; the Pilar gold mine located in Goiás State; and the Santa Luz gold mine located in Bahia State, Brazil.

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Analyst Recommendations for Equinox Gold (TSE:EQX)

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