Equinox Gold (TSE:EQX) Price Target Raised to C$25.00

Equinox Gold (TSE:EQX) had its price target increased by Royal Bank Of Canada from C$19.00 to C$25.00 in a research report released on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also recently commented on EQX. National Bankshares upped their price target on Equinox Gold from C$23.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Stifel Canada raised shares of Equinox Gold to a “strong-buy” rating in a report on Monday, December 1st. CIBC boosted their price target on shares of Equinox Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Finally, Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$23.67.

Equinox Gold Price Performance

Shares of EQX opened at C$20.23 on Wednesday. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. Equinox Gold has a fifty-two week low of C$7.13 and a fifty-two week high of C$20.78. The firm has a 50-day simple moving average of C$17.27 and a 200-day simple moving average of C$12.86. The company has a market capitalization of C$15.88 billion, a price-to-earnings ratio of 202.30 and a beta of 2.58.

Equinox Gold (TSE:EQX) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. Equinox Gold had a return on equity of 8.67% and a net margin of 19.82%.The firm had revenue of C$1.14 billion during the quarter. On average, equities research analysts anticipate that Equinox Gold will post 1.3865979 earnings per share for the current year.

Equinox Gold Company Profile

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.