Equinox Gold (TSE:EQX) Given New C$25.00 Price Target at Royal Bank Of Canada

Equinox Gold (TSE:EQX) had its price target increased by equities researchers at Royal Bank Of Canada from C$19.00 to C$25.00 in a research report issued on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s target price points to a potential upside of 27.68% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Cormark upgraded shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th. TD Securities boosted their target price on Equinox Gold from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. National Bankshares upped their price objective on Equinox Gold from C$23.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Stifel Canada raised Equinox Gold to a “strong-buy” rating in a report on Monday, December 1st. Three investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$23.67.

Equinox Gold Stock Performance

Shares of EQX traded up C$0.18 during midday trading on Wednesday, reaching C$19.58. 968,851 shares of the stock were exchanged, compared to its average volume of 2,081,408. Equinox Gold has a twelve month low of C$7.13 and a twelve month high of C$19.97. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The company has a market capitalization of C$15.37 billion, a price-to-earnings ratio of 195.80 and a beta of 2.58. The business’s 50-day moving average price is C$16.98 and its 200 day moving average price is C$12.68.

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

Insiders Place Their Bets

In related news, insider David Chester Schummer purchased 9,100 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was acquired at an average cost of C$15.20 per share, for a total transaction of C$138,320.00. Following the completion of the transaction, the insider directly owned 168,222 shares in the company, valued at approximately C$2,556,974.40. The trade was a 5.72% increase in their ownership of the stock. 6.40% of the stock is currently owned by company insiders.

About Equinox Gold

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.