National Bankshares Cuts Equinox Gold (TSE:EQX) Price Target to C$26.00

Equinox Gold (TSE:EQX) had its price target reduced by National Bankshares from C$28.00 to C$26.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

EQX has been the subject of several other research reports. Stifel Nicolaus set a C$24.00 price target on Equinox Gold and gave the company a “buy” rating in a research note on Tuesday, December 2nd. BMO Capital Markets lifted their target price on shares of Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th. Cormark dropped their price target on shares of Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. TD Securities raised their price target on shares of Equinox Gold from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, CIBC cut shares of Equinox Gold from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$23.00 to C$21.50 in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Equinox Gold currently has an average rating of “Buy” and an average target price of C$22.79.

Equinox Gold Trading Down 3.3%

TSE EQX opened at C$19.66 on Wednesday. Equinox Gold has a 1-year low of C$7.71 and a 1-year high of C$20.78. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65. The company has a market capitalization of C$15.43 billion, a PE ratio of 196.60 and a beta of 2.69. The firm’s fifty day simple moving average is C$18.70 and its 200-day simple moving average is C$14.33.

Equinox Gold (TSE:EQX) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.19 earnings per share (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. As a group, sell-side analysts anticipate that Equinox Gold will post 1.3865979 earnings per share for the current fiscal 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.