Equinox Gold (TSE:EQX) Price Target Raised to C$26.00

Equinox Gold (TSE:EQX) had its target price boosted by TD Securities from C$21.00 to C$26.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other research firms have also weighed in on EQX. Cibc Captl Mkts lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. CIBC lowered Equinox Gold from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$23.00 to C$21.50 in a research report on Tuesday, December 16th. Cormark cut their target price on Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. Royal Bank Of Canada raised their price target on Equinox Gold from C$19.00 to C$25.00 in a research note on Wednesday, December 10th. Finally, Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$23.36.

Equinox Gold Stock Up 0.6%

Shares of EQX opened at C$22.15 on Thursday. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. The business has a fifty day moving average of C$19.53 and a 200 day moving average of C$15.27. The company has a market cap of C$17.38 billion, a PE ratio of 221.50 and a beta of 2.69. Equinox Gold has a 52-week low of C$7.71 and a 52-week high of C$22.39.

Equinox Gold (TSE:EQX) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.19 earnings per share 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, sell-side 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.