Equinox Gold (TSE:EQX) Price Target Raised to C$25.00

Equinox Gold (TSE:EQX) had its target price increased by Stifel Nicolaus from C$24.00 to C$25.00 in a report issued on Monday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

EQX has been the subject of a number of other reports. BMO Capital Markets lifted their price objective on shares of Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. National Bankshares decreased their price target on shares of Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Cibc Captl Mkts downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Finally, Cormark dropped their price target on Equinox Gold from C$22.50 to C$21.00 in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$23.50.

Equinox Gold Trading Up 1.8%

Shares of TSE:EQX opened at C$23.28 on Monday. Equinox Gold has a 52-week low of C$7.71 and a 52-week high of C$23.49. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. The company has a market capitalization of C$18.27 billion, a P/E ratio of 232.80 and a beta of 2.69. The company has a 50-day simple moving average of C$19.84 and a 200 day simple moving average of C$15.57.

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 for the quarter. Sell-side analysts forecast that Equinox Gold will post 1.3865979 earnings per share 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.