Equinox Gold (TSE:EQX) PT Lowered to C$14.00 at CIBC


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Equinox Gold (TSE:EQX) had its price target lowered by equities research analysts at CIBC to C$14.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 28.68% from the company’s previous close.

A number of other equities research analysts have also issued reports on EQX. Haywood Securities decreased their price target on Equinox Gold from C$24.50 to C$22.00 in a research note on Wednesday, February 10th. Canaccord Genuity lowered their target price on shares of Equinox Gold to C$14.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 23rd. National Bank Financial reiterated a “sector perform market weight” rating on shares of Equinox Gold in a report on Wednesday, January 20th. TD Securities lowered their price objective on shares of Equinox Gold from C$22.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, March 5th. Finally, BMO Capital Markets reduced their target price on shares of Equinox Gold to C$19.50 and set a “sector perform” rating on the stock in a research report on Tuesday, March 23rd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Equinox Gold has a consensus rating of “Hold” and a consensus price target of C$17.90.

Shares of EQX traded up C$0.24 during midday trading on Thursday, hitting C$10.88. The stock had a trading volume of 136,509 shares, compared to its average volume of 751,256. The company’s 50 day moving average is C$10.57. The stock has a market capitalization of C$2.64 billion and a price-to-earnings ratio of 120.78. The company has a current ratio of 2.90, a quick ratio of 1.80 and a debt-to-equity ratio of 38.99. Equinox Gold has a 1 year low of C$9.76 and a 1 year high of C$17.99.

Equinox Gold (TSE:EQX) last posted its quarterly earnings data on Wednesday, March 3rd. The company reported C$0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.12). The company had revenue of C$329.24 million for the quarter. As a group, sell-side analysts predict that Equinox Gold will post 1.3300001 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, copper, and silver deposits. Its principal properties include the Aurizona gold mine covering a total land package of approximately 107,023 hectares located in Maranhão State, Brazil; and the Mesquite gold mine and the Castle Mountain property situated in California, the United States.

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