Analysts Set Equinox Gold Corp. (TSE:EQX) Target Price at C$23.07

Equinox Gold Corp. (TSE:EQX) has received a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$23.07.

Several analysts have recently commented on EQX shares. BMO Capital Markets raised their target price on Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. Stifel Canada raised shares of Equinox Gold to a “strong-buy” rating in a research report on Monday, December 1st. National Bankshares boosted their price objective on shares of Equinox Gold from C$23.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Finally, Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th.

Equinox Gold Price Performance

TSE EQX opened at C$19.15 on Thursday. 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 has a 1 year low of C$7.13 and a 1 year high of C$20.78. The company has a market cap of C$15.03 billion, a PE ratio of 191.50 and a beta of 2.58. The stock’s 50-day moving average price is C$17.92 and its two-hundred day moving average price is C$13.70.

Equinox Gold (TSE:EQX) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share (EPS) 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 for the quarter. On average, analysts predict that Equinox Gold will post 1.3865979 EPS for the current 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.