Equinox Gold Corp. (TSE:EQX) Given Average Recommendation of “Moderate Buy” by Analysts

Equinox Gold Corp. (TSE:EQX) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$25.07.

Several research firms have weighed in on EQX. Stifel Nicolaus raised their price target on Equinox Gold from C$25.00 to C$31.00 in a report on Tuesday. Cormark cut their target price on shares of Equinox Gold from C$22.50 to C$21.00 in a report on Tuesday, December 16th. BMO Capital Markets boosted their price target on shares of Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. TD Securities increased their price objective on shares of Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce cut shares of Equinox Gold from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$31.00 to C$26.50 in a research note on Thursday, February 5th.

Equinox Gold Stock Down 7.6%

Shares of EQX stock opened at C$20.50 on Friday. The company’s fifty day simple moving average is C$20.25 and its two-hundred day simple moving average is C$16.43. Equinox Gold has a 52 week low of C$7.71 and a 52 week high of C$23.49. The stock has a market cap of C$16.09 billion, a P/E ratio of 205.00 and a beta of 2.32. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65.

Equinox Gold (TSE:EQX) last issued its earnings results 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 for the quarter. Analysts predict that Equinox Gold will post 1.3865979 EPS 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.